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Jagged Peak Expecting +23% Production Growth in 2018; Keeping Capex Flat
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Jagged Peak has reported its 2017 results as well as its 2018 outlook.
2018 Plans- 2018 Capex: $560-615 million (up a slight +4% from $565 million in 2017)
D&C: $540-590 million Water Sourcing / Disposal: $20-25 million- 2018 Production: 28,000 to 31,000 Boe/d (up +23% from 2017's Q4 rate of ~24,000 BOEPD)
Net oil production will represent 77% to 81% of total net production - relatively the same as 2017- Drilling Plans: The Company expects to spud 40 to 45 gross operated wells and complete and bring online 42 to 46 gross operated wells.
2017 Highlights Production volumes were 24,037 Boe/d (80% oil) for the fourth quarter, an increase of 273% compared to the fourth quarter of 2016 and an increase of 25% compared to the third quarter of 2017. For the full year, Jagged Peak…- ✓ Full news archive — U.S., Canada & international coverage
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