Capital Markets | Capital Expenditure | Capital Expenditure - 2018
Legacy Talks 2018 Permian Drilling Plans
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During its 3q17 earnings call, Legacy Reserves provided some guidance on its 2018 development plans and production.
CapEx : ($200 - $225)
| Q4 2017E Range | FY 2017E Range | Preliminary FY 2018E Range |
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| ($ in thousands unless otherwise noted) | |||||||||||||||||||||||
| Production: | |||||||||||||||||||||||
| Oil (Bbls/d) | 17,100 | - | 17,700 | 13,637 | - | 13,789 | 18,800 | - | 21,400 | ||||||||||||||
| Natural gas liquids (Bbls/d) | 2,275 | - | 2,325 | 2,370 | - | 2,383 | 2,025 | - | 2,300 | ||||||||||||||
| Natural gas (MMcf/d) | 170.0 | - | 174.0 | 171.5 | - | 172.5 | 162.5 | - | 177.5 | ||||||||||||||
| Total (Boe/d) | 47,708 | - | 49,025 | 44,590 | - | 44,922 | 47,908 | - | 53,283 | ||||||||||||||
| Lease operating expenses(1) | $ 43,300 | - | $ 44,300 | $ 174,306 | - | $ 175,306 | $ 170,000 | - | $ 190,000 | ||||||||||||||
| Capital expenditures | $ 40,000 | - | $ 42,000 | $ 181,476 | - | $ 183,476 | $ 200,000 | - | $ 225,000 | ||||||||||||||
| Adjusted EBITDA(2) | $ 68,000 | - | $ 71,000 | $ 211,259 | - | $ 214,259 | $ 280,000 | - | $ 330,000 | ||||||||||||||
(1) Excludes ad valorem and production taxes.
(2) Adjusted EBITDA is a Non-GAAP financial measure. This measure does not include pro forma adjustments permitted under our credit agreements relating to acquired and divested oil or gas properties. A reconciliation of this measure to the nearest comparable GAAP measure is available on our website.
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