Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
PDC IDs 2018 Budget; Talks Rig, Well Plans for Wattenberg, Delaware Basin
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PDC Energy has announced its 2018 capital and production plan.
Details: Capex: $850-920 million (up +18% at the midpoint from 2017's budget of $750 million) Production Guidance: 38-42 MMBOE (25% growth YOY) Focus on Wattenberg Field and Delaware Basin by operating at a three drilling rig pace while utilizing one completion crew in each asset throughout the year Spud ~153 operated wells and turn-in-line ~161 operated wells Wattenberg: $480 million Spud and TIL approximately 131 and 139 operated wells, respectively Activity in 2018 is expected to be primarily focused in the company's Kersey area, with approximately 60% of 2018 TILs anticipated to be mid- or extended-reach lateral wells Delaware Basin: $395 million Spud 22 wells, 20 of which are expected to be located in…- ✓ Full news archive — U.S., Canada & international coverage
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