Well Lateral Length | Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2018
EQT Spending +60% More; Drill 196 Wells In Marcellus/Utica
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EQT has reported its 2018 capex and development plans.
Details: 2018 Capex: $2.4 billion (up +60% from its 2017 budget of $1.5 billion) EQT forecasts 2018 production sales volume of 1,520 - 1,560 Bcfe Drill 196 wells / TIL 220-245 wells 10 rigs / 10 frac crews running MarcellusDrill 139 Marcellus wells with an average lateral length of 11,800 feet - all will be on multi-well pads.
The program will focus on the Company's core Marcellus acreage, which is targeting 111 wells in Pennsylvania and 28 wells in West Virginia.
During the year, the Company plans to turn-in-line (TIL) 160 -170 Marcellus wells.
Ohio UticaDrill 38 gross (25 net) Ohio Utica wells with an average lateral length of 11,300 feet.
The Company plans to TIL 40 - 50 gross wells during the year.
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