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Prairie Provident Outlines 2017 Capital, Production Guidance
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Prairie Provident Resources Inc. provided an operational update.
2017 Guidance Estimate that capital costs per well to be approximately $1.65 million for 2017. At Princess, the Company is finalizing its 2017 development plan but currently anticipates drilling 2.1 net wells in 2017. Expects its 2017 capital spending to range from $25 million to $35 million Average daily production target for 2017 of between 5,300 and 5,800 boe/d. 2016 Operational UpdateProduction
Based on field estimates, Prairie Provident's daily production averaged approximately 5,500 boe/d (56% liquids) through the end of December 2016 and during the first two weeks of January 2017, of which approximately 2,500 boe/d (32% liquids) was Wheatland production.
Prairie Provident's average daily production for the…
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