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The Bakken/Three Forks in 2015: Budgets & Hedges
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Part IV of our "Budgets & Hedges" feature series is focused on the Bakken/Three Forks play. Eight companies' 2015 budgets and hedge positions (if available) are detailed.
For Parts I-III of our series, see below:
The Eagle Ford in 2015: Budgets & Hedges The Marcellus in 2015: Budgets & Hedges The Permian in 2015: 10 Operators to Drill ~1.460 Wells Quick Summary: Abraxas PetroleumAbraxas plans to spend $41 million on Bakken operations in 2015. In 2014, the company spent $54 million on developing the play.
Abraxas plans to run a one rig program with the Company owned rig, Raven Drilling #1, for the entire year. The company plans to drill 12 gross/8 net wells and complete 7 gross/4 net wells.
Hedging information and the company's Bakken assets are detailed below.
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