Drilling & Completions | Top Story | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2020 | 2020 Guidance
Silverbow Ramping Up Liquids Output in 2020 Despite Capex, Completions Cut
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Silverbow Resources has detailed its 2020 capital plan.
2020 Plans - Ramping Up Liquids Output
The company is cutting its spending and completion activity by 27% and 10%, respectively.
However, its liquids production is set to grow 71% YOY to 7,500 BOPD (the company already ramped up its oil output 133% in 2019 vs. 2018) - see chart below. This trend of growing oil output has emerged as a 2020 trend amongst E&Ps (including Southwestern Energy Co.).
Overall production is set to decline 4%.
More Capital Expenditure - 2020 News
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