Quarterly / Earnings Reports | Third Quarter (3Q) Update | Well Cost - Drilling | Production Rates | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
PEYTO Drills 44 Wells in Q3; Plans Capex of $450MM in 2018
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PEYTO released its Q3 results and discussed preliminary plans for 2018. Highlights include:
During Q3, PEYTO drilled 44 gross (42.5 net) wells, completed 37 gross (35 net) wells, and brought on production 42 gross (39.5 net) wells. Average well costs in Q3 were $1.89 million per well to drill and $0.95 million per well to…
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