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Private E&P Plans 100 Well Wattenberg Development Program
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Extraction Oil & Gas, disclosed today in its S-1 filing that it intends to go public. In the filing, the company also divulged the following information regarding its drilling plans, including a glimpse into 2017 where it plans to increase its drilling activity by more than 30%.
2016 Development Program
Capital Expenditure : $335 Million Drilling : Wells Plan to Drill : 100 gross (90 net) Completion : Wells Plan to Complete : 77 gross (70 net)2017 Development Program
Capital Expenditure : $590 Million
Drilling : Wells Plan to Drill : 138 gross (102 net)
Completion : Wells Plan to Complete : 120 gross (102 net)
Extraction intends to allocate approximately $335 million of their 2016 capital budget to the drilling of 100 gross (90 net) wells and the completion of 92 gross (82 net) wells…
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