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Encana's 2018 Budget Focused on Montney, Permian; Eagle ford Flat
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Encana reported its 2018 guidance as well as its Q4 and full year 2017 results.
2018 Plans- 2018 Capex: $1.8-1.9 billion (up +9% from $1.7 billion in 2017)
Approximately 70% of its capital program ($1.26-1.33 billion) will be focused on growing oil production from the Permian and high-margin condensate production in the Montney.- 2018 Production: 360-380 MBOEPD
Here is a breakdown of the company's drilling plans.
2017 HighlightsOperational highlights include:
Permian: strong finish to 2017 sets stage for significant 2018 production growth
Cube development, advanced completions and precision targeting continue to drive well productivity, efficiencies and returns. 2017 total production averaged 66,200 BOE/d, up 37 percent from 2016. Total production in 2018 is expected to…- ✓ Full news archive — U.S., Canada & international coverage
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