Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
Pengrowth Spending $65 Million in 2018; Lindbergh, Groundbirch Montney Focus
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Pengrowth has detailed its 2018 capital plan.
Details:- 2018 Capital Budget: $65MM (focused on adding production volumes at the Company’s two 100 percent owned and operated assets at Lindbergh and Groundbirch Montney)
Lindbergh: $45 million Groundbirch Montney: $17 million Other: $3 million- 2018 Production: Deliver average daily production of between 22,500 and 23,500 boe/d (up +25% YOY)
Drilling Plans Lindbergh Thermal Project Drill 8 infill wells2018 development plans at Lindbergh will focus on continued optimization activities, including the drilling of eight additional infill wells. Approximately $33 million of the Lindbergh capital has been allocated to the optimization and infill well program. The remaining capital will be allocated to maintenance and enhancement…
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