Production Rates | Forecast - Production | EOR | Capital Markets | Capital Expenditure | Drilled Uncomplete (DUC) | Drilling Program - Wells | Drilling Activity | Capital Expenditure - 2017 | Drilling Program
Raging River Ups Capex, Drilling 336 Wells in 2017
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Raging River Exploration Inc. has announced that the Company's board of directors has approved a 2017 capital budget of $310 million.
2017 Budget
Exit production guidance of 21,600 boe/d has been exceeded based on the field estimated production numbers for the first 10 days of December.
The Board has expanded the 2016 exploration and development capital budget to $210 million, an increase of $15 million.
It is now expected that at total of 282 net wells will be drilled in 2016. This is inclusive of 7 net wells that have been drilled as new injection wells for our existing waterfloods.
This is expected to allow Raging River to enter 2017 with 35-40 drilled uncompleted wells.
Maintenance capital to hold production flat at fourth quarter levels of 20,250 boe/d is $220 million inclusive of…
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