Forecast - Production | Capital Markets | Capital Expenditure | Capex Decrease | Capital Expenditure - 2020 | 2020 Guidance
Paramount Adjusts 2020 Plan; Down 46% to ~$220 Million
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Paramount Resources Ltd. has revised its 2020 capital guidance.
The company is now slated to spend between $185 million to $250 million, a reduction of approximately 46% at mid-point from the originally planned range of $350 million to $450 million.
Forecast average sales volumes for 2020 under the revised capital guidance are expected to range between 70,000 Boe/d to 75,000 Boe/d (41% liquids), a reduction of approximately 6% at mid-point from the originally forecast range of 75,000 Boe/d to 80,000 Boe/d.
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