Exploration & Production | Capital Markets | Capital Expenditure
Trilogy Slashes Budget, Operating in Cash Flow
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Trilogy Energy Corp. has announced its 2014 production, capital expenditure and operating cost results and updates its 2015 guidance.
2014 Production Results Trilogy's 2014 results included: average daily production of approximately 35,100 Boe/d (approximately 40% oil and natural gas liquids); capital expenditures of $426.7 million; acquisitions net of divestitures of $13.3 million; and average operating costs of $10.09/Boe. 2015 Guidance Revisions For 2015, Trilogy forecasts: a capital spending program of approximately $100 million; annual production of approximately 30,000 Boe/d (approximately 35% oil and natural gas liquids); and average operating costs of approximately $10.00/Boe.Trilogy is well-positioned to alter its capital spending program to reflect further market…
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