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Permian E&P Outlines 2017 Spending; 22 Wells Planned For Delaware Basin Wolfcamp
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Resolute Energy announced its drilling and capex plans for 2017.
2017 Plan: Annual production of 8.7 to 10.2 MMBOE (up ~85% YOY)Capital budget of $210 to $240 million (an increase of ~100% from its $115-135 million 2016 capex)
A two rig drilling program in the Delaware Basin
Drill 22 gross (20.8 net) wells; all mid and long length Wolfcamp laterals (up 144% YOY) 2017 Drilling Details: Drill 18 Wolfcamp A laterals Drill four Wolfcamp B laterals
Well plans by lateral length:
Drill 13 mid-length lateral Wolfcamp wells in Mustang (ten Wolfcamp A and three Wolfcamp B) Drill nine long lateral Wolfcamp wells in Appaloosa (eight Wolfcamp A and one Wolfcamp B)Well cost estimate:
2017 average AFE cost for a long lateral in Appaloosa and a mid-length lateral in Mustang are $9.3…- ✓ Full news archive — U.S., Canada & international coverage
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