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Delphi IDs 1H 2018 Budget, Guidance; Touts 77% Condensate Output Jump in 2017
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Delphi Energy reported its 2018 outlook as well as its full year 2017 results.
2018 Plans- 1H 2018 Capex: $38-45 million (the company spent a total of $107 million in 2017 at the midpoint)
- 1H 2018 Production: 9,800-10,200 BOEPD (up +36% from 2017's 7,336 BOEPD)
Delphi looks to formalize its second half 2018 capital program later in the second quarter.
2017 Highlights - Condensate Production Up 77% Produced 8,401 BOEPD, a 14 percent increase from 7,392 boe/d in 2016. Average production in the fourth quarter of 2017 increased 35 percent to 9,588 boe/d compared to 7,127 boe/d in the fourth quarter of 2016 Field condensate production in the fourth quarter of 2017 increased to 2,374 BPD, a 77% increase from 1,338 bbls/d in the fourth quarter of 2016 Field condensate and natural gas…- ✓ Full news archive — U.S., Canada & international coverage
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