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Delphi Energy Outlines 2017 Capex, Brings Second Rig Online
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Delphi Energy Corp. has approved the 2017 capital and operating budget.
2017 Budget and Development Plan 2017 capital program forecast to be $65.0 to $70.0 million targeting an increase in annual production of ~ 25 percent (absolute and per share) to 9,000 to 9,500 boe/d. Drilling of 13 gross (8.4 net) Bigstone Montney horizontal wells and the completion, tie-in and well site equipping of 14 gross (9.0 net) wells. A second rig commenced drilling operations in December 2016 and is expected to remain active throughout 2017 The Company has the required firm service transportation for 100 percent of forecasted 2017 natural gas production growth. Continuing evaluation to utilize ~ 35 mmcf/d of owned under-utilized sweet gas processing capacity in the greater Bigstone area. The Company has ~…- ✓ Full news archive — U.S., Canada & international coverage
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