Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
Spartan Talks 2018 Spending, Drilling Plans
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Spartan has outlined its 2018 capital budget.
Details:-2018 Capex: $183 million
D&C Budget: ~$146.4 million (~80% of total budget)-Drill 140 net development wells
- Deliver annual average production of 23,400 boe/d and 2018 exit production of 25,000 boe/d
Budget Breakdown by Area: Open Hole Wells- Spend $51.2MM (35%) of drilling budget
Drill 64 net open-hole wells Ratcliffe Area- Spend $32.2MM (22%) of drilling budget
In addition to our open-hole program, Spartan’s 2018 program will advance the development of our conventional Ratcliffe opportunity at Oungre, where we commenced drilling in the second half of 2017. We will allocate approximately 22% of our 2018 drilling budget to drill 29 net Ratcliffe wells, including 1 net single leg and 11 net dual leg wells in the Oungre…- ✓ Full news archive — U.S., Canada & international coverage
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