Capital Markets | Capital Expenditure | Capital Expenditure - 2018
Prairie Provident IDs 2018 Budget, Well Plans
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Prairie Provident has detailed its 2018 guidance.
- 2018 Capex: $26 million (a slight decrease from its 2017 budget of $30 million)
- Drill 15 (14.45 net) wells
- Production Guidance: Full-year production between 5,200 to 5,600 BOEPD
Breakdown: Activity by Area:Drilling and completions capital is expected to be weighted to the first and third quarters of 2018.
Wheatland Wayne Area
Drill 3 Ellerslie horizontal wells in Q1 2018 Additional 3 wells in Q3 2018Princess Area
Drill 3 Glauconite horizontal wells in Q1 2018 Drill additional 3 wells in Q3 2018 Prospective for Glauconite, Basal Manville, and DetritalEvi Main Waterflood Development
1.4 MMboe of incremental oil reserves have been booked as a result of waterflood efforts to date; opportunity to increase further 4 additional…- ✓ Full news archive — U.S., Canada & international coverage
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