Well Cost | Key Wells | Production Rates | Hedging | Capital Markets | Capital Expenditure - 2017
Trilogy Energy Doubles Capex for 2017, Drilling 15 Montney Wells
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Trilogy Energy Corp. provided an update on its fourth quarter 2016 Montney and Duvernay operations, report on its current hedging program and annual guidance for 2017.
2017 Annual Guidance Average production 24,000 Boe/d (~35% oil and NGLs) Average operating costs $8.50/BoeCapital expenditures $130 Million
Approximately $60 million:
to drill 15 horizontal Montney net oil wells, complete 18 net wells and develop additional infrastructure in the Kaybob Montney oil pool in 2017Approximately $25 million:
to drill 6 (5.25 net) wells into the Presley Montney gas pool, including 3 extended reach lateral wells and 3 one-mile laterals.The balance of the 2017 capital program will be allocated to Trilogy's Duvernay assets, infrastructure and other projects designed to reduce operating…
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