Exploration & Production | Debt | Production Rates | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program
TORC Oil and Gas Maintains Capex for 2015
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TORC Oil & Gas Ltd. has announced that its Board of Directors has approved a 2015 capital budget of $125 million.
TORC's 2015 capital budget exhibits a measured approach to the current uncertainty in the world oil price environment and reflects a balance between managing long term organic production growth, protecting the Company's strong financial position and sustaining the dividend.
TORC's 2015 capital budget is specifically focused on:
Investing in high rate of return, lower risk light oil opportunities across the Company's extensive development drilling inventory; Improving capital efficiencies through development program cost reductions achieved by pad drilling, rig efficiencies, and drilling and completion advancements; Achieving disciplined per share production growth over the…- ✓ Full news archive — U.S., Canada & international coverage
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