Top Story | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
Montney Operator to Double CapEx in 2018; Plan 75 Wells
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Fresh off its acquistion of Trilogy, Paramount Resources provided a glimpse into its 2018 Plans. The plan calls for $600 million in Capex to be split 68% and 23% between the Montney and Duvernay respectively. Grande Praire will get 54% and kaybob 36%.
CapEx
Total CapEx : $600 Million
By Area/PlayMontney : $408 Million
Duvernay : $138 Million
Well Activity
Wells Plan To Drill : 70- 75
Wells Plan To Complete : 55
The well plan will see the company drilling between 70-75 net development wells and complete 55 wells.
The plan hidges on US$50/bbl WTI, US $3.00/MMbtu NYMEX, US$1.00/MMbtu.
Over the course of three years Paramount has evolved completion designs from open-hole packer systems with oil-based fluid to cased hole designs with…
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