Key Wells | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Activity | Drilling Program-Rig Count | Capital Expenditure - 2018
Lilis Bolsters Spending Over +120% for 2018; Eyes 87% Production Growth
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Lilis has detailed its 2018 capex and drilling plans. The company also detailed its recent drilling activity.
2018 Capex / Plans- 2018 D&C Capex: $100 million (up +122% from 2017's D&C capex of $45 million)
- 2018 Exit Rate Production of ~7,500 Boepd
- Two rigs running in the Delaware Basin
- Drill 14 gross / 11 net wells in the Delaware Basin
2018 drill schedule focusing on developing additional benches including the Wolfcamp A, Wolfcamp B, Wolfcamp XY and 2nd Bone Springs Recent Drilling ActivityKudu #2H (Wolfcamp B)
Well reached a total depth of 17,477 MD on October 22, 2017. Total treatable lateral is 4,936 ft. On well testGrizzly #2H (Wolfcamp B)
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