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Legacy Ups Spending 76% for 2017; $225MM Gross Capex
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Legacy Reserves detailed its 2017 guidance as well as announced fourth quarter and annual results for 2016.
2017 Capital Program By Category 2017 capex of $225 million (gross) - this is up +76% from $127.7 million (gross) for 2016 Currently operating two horizontal rigs under the JDA program; one in Lea County, NM and one in Howard County, TX 2016 Highlights: Generated record annual production of 43,803 Boe/d up 14% from 38,523 Boe/d in 2015 Reduced total debt by $269.4 million and projected annualized interest expense by $11.7 million Entered into a new Second Lien Term Loan Facility with GSO Capital Partners LP providing $300.0 million of committed capital, of which $60 million has been drawn Restarted horizontal Permian drilling with an increased capital commitment from…- ✓ Full news archive — U.S., Canada & international coverage
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More Capital Expenditure - 2017 News
Legacy Reserves Spends 1250% More YOY; Expects Oil Output to Grow 46.6% in 2018
Legacy Reserves reported its Q3 results and discussed its preliminary 2018 production and capital plans. Highlights include: Reported average daily production of 45,891 boe/d, an increase of about…
Gear Spends $10.5MM in Q3, Up 49.5% YoY
Gear Energy reported its Q3 results. Highlights include: Capital expenditures were $10.5 million in Q3, an increase of 49.5% from capital expenditures of $7.03 million in Q3 2016…
Cenovous Chops $100MM from 2017 Capex After Q3 Loss
Cenovus reported its Q3 2017 results. Highlights: Increased third quarter cash from operating activities and adjusted funds flow by 91% and 133% respectively, compared with the same period…
Kelt Expects 86.2% CapEx Growth from 2017 to 2018
[Summar: Kelt Exploration reported its Q3 results where it also discussed preliminary plans for 2018. Highlights include: Production for Q3 was 22,510 boe/d and expects to exit 2017…
Murphy Increases 2017 Capex by $50MM; Brought Online 27 Eagle Ford Wells
[Summary: Murphy Oil released its Q3 results and highlights include: North American on shore production was 86 mboe/d Increased its FY 2017 capex guidance $50 million to $940…
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