Exploration & Production
TORC O&G Approves Capital Budget for Light Oil Development
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TORC Oil & Gas Ltd. has announced that its Board of Directors has approved a 2014 capital budget of $125 million.
TORC's strategic objectives associated with the 2014 capital budget are consistent with the Company's long term objectives of delivering disciplined growth in combination with a sustainable and growing dividend.
TORC's 2014 capital budget is specifically focused on: Investing in high rate of return light oil opportunities across the Company's deep development drilling inventory; Improving capital efficiencies through development program cost reductions achieved by pad drilling, rig efficiencies, and drilling and completion advancements; Achieving per share production growth through an efficient capital program focused on high graded drilling opportunities; Maintaining the…- ✓ Full news archive — U.S., Canada & international coverage
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