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E&P Company to Spend $400 MM to Drill 80 Wells in Eaglebine / Eagle Ford in 2017

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E&P Company to Spend $400 MM to Drill 80 Wells in Eaglebine / Eagle Ford in 2017

Wildhorse provided the following layout for its 2017 development program:

Capital Program

2016 capital budget for drilling and completion, leasehold acquisition and midstream infrastructure development is $137.5 million.

Currently running a one-rig program in our Eagle Ford Acreage, intend to add one rig in our North Louisiana Acreage in late 2016.

Intend to add four additional drilling rigs during 2017 in order to a run a six-rig program by the end of 2017, with four rigs drilling in our Eagle Ford Acreage and two rigs drilling in our North Louisiana Acreage.

For the twelve months ending December 31, 2017, we plan to invest $539.5 million in capital expenditures as follows:

$471.2 million to drill and complete 81 gross (67 net) wells across our acreage.

Eagle Ford

$409.0 million Drill…
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