Well Lateral Length | Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2017
Southwestern IDs 2017 Budget of ~$1.225B; Up +63% YOY
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Southwestern Energy detailed its 2017 capital outlook.
Key Points: 2017 budget of $1.175-1.275 billion (up ~63% from $750 million for 2016) Production guidance of 890 to 910 Bcfe in 2017 (up 20% YOY) Drill 110 to 130 wells / complete 140 to 160 wells / place 150 to 170 wells to sales. Bulk of budget to be spent at Appalachian acreage 2017 Capital Plan DetailsSouthwestern's capital investment program in 2017 is planned to be approximately $1.175 to $1.275 billion, funded by expected cash flow and $200 million remaining from its 2016 equity raise. With this investment, Southwestern is targeting total net gas and liquids production of 890 to 910 Bcfe in 2017, an increase over the company's 2016 production of 875 Bcfe and an increase of approximately 20% when comparing 2017 exit…
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