Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2019
Jagged Peak Ups Well Activity for 2019 Despite -14% Capex Drop
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Jagged Peak Energy has detailed its 2019 capital plan.
More Drilling, Less Capital Thanks to Well Cost ImprovementsFor 2019, Jagged Peak is turning more wells in line despite a 14% cut to its DC&E budget.
According to the company, this was possible by reducing average cost per lateral foot by approximately 15% year over year, to approximately $1,250 per lateral foot.
The Company's 2019 capital expenditure program is primarily focused on the continued development of the Wolfcamp A formation in Whiskey River and Cochise.
2019 Plans- 2019 Capex: $665 million (down -11% from 2018)
$605MM DC&E (down -14% from $690 million DC&E for 2018)- Well Plans: TIL 54 gross (51 net) wells (up +6% from 48 net wells)
Of the allocated capital for 2019, most of the activity will occur in the Company's…- ✓ Full news archive — U.S., Canada & international coverage
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