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Tamarack to Keep Spending Steady in 2018; IDs ~$200MM Budget
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Tamarack Valley Energy has detailed its 2018 capital budget and guidance. The capital program is expected to be evenly spent in the first half and second half of 2018.
Details:- Capital Budget: $195-205 million (flat from 2017)
- Production Guidance: Annual production of 22,500 – 23,500 boe/d (64-66% oil and liquids) - 2018 exit production estimated between 24,000 – 24,500 boe/d (65-67% oil and liquids)
- 4-5 rigs running
- Drill 120 gross (116.4 net) wells in 2018
68 (66.7 net) Alberta Viking light oil wells 23 (20.7 net) Saskatchewan Viking light oil wells 20 (17.3 net) Cardium light oil wells 6 (5.7 net) wells at Redwater 3 net wells at Penny 3 net heavy oil wells Q1 PlanDuring the first quarter of 2018, Tamarack expects to have four to five rigs in operation. The…
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