Exploration & Production | Operational Updates | Forecast - Production | Capital Markets | Capital Expenditure
RMP IDs Spending, Wells for 1H16; Waskahigan Montney Focus
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RMP Energy Inc. reported its capital expenditure plans for the first six months of 2016 and the corresponding financial and operating market guidance.
First Half 2016 Capital BudgetLow and volatile crude oil and natural gas prices have severely challenged corporate business models within the upstream oil and gas sector. In planning and budgeting RMP's exploration and development capital activities for 2016, preservation of balance sheet strength, long-term sustainability and value creation are the strategic priorities over the Company's production growth. As a result of uncertainty and lack of visibility on the duration of the commodity price downturn, the long-term implications of the Alberta government's oil and gas royalty review, and the cost of Alberta's new carbon tax, RMP has been…
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