Drilling & Completions | Capital Markets | Capital Expenditure | Drilling Program - Wells | Private Equity Activity
Extraction Oil & Gas To Complete 90 Wells In 2016
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Extraction Oil and Gas, disclosed in its S1 the following about 2016 activities.
Capex Total : $365 Million
CapEx - D&C = $335 Million
Drilling Program
Drill : 100 Gross (90 net) Wells Compete : 92 Gross (82 net) Wells"Our 2016 capital budget is approximately $365 million, substantially all of which we intend to allocate to the Wattenberg Field.
We intend to allocate approximately $335 million of our 2016 capital budget to the drilling of 100 gross (90 net) wells and the completion of 92 gross (82 net) wells, approximately $5 million to midstream, and approximately $25 million to leaseholds.
Our 2016 capital expenditures budget contemplates that we will drill approximately 77 gross (70 net) wells targeting proved undeveloped locations in 2016.
Such wells are associated with…
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