- Jupiter Resources Ltd. has approved a $190 – 210 million capital program for 2019 weighted approximately two-thirds to the second half of the year.
- Peyto’s preliminary 2019 capital budget announced Nov 7, 2018, ranging from $250-$300 million, has been reduced to $150 to $200 million. Capital program involves drilling approximately 50 gross Cardium wells (greater than 90% working interest), as well as continuing to advance its Swanson Gas Plant deep-cut process addition and Montney exploration play.
- Tourmaline capital program has been reduced to $1.225 billion from the $1.3 billion announced on November 7, 2018(1). The Company had reduced 2019 capital by 4% and increased 2019 production guidance by 3% at that time.
- Tamarack Valley Energy Ltd. 2019 Capital expenditures between $170 to $180 million production estimated between 25,500 – 26,500 boe/d (64-66% oil and NGL) 2019 budget anticipates drilling 125 net wells, including 110 Viking light oil wells (94 at Veteran), 13 Cardium light oil wells and two wells at Penny. In addition, the 2019 budget includes $19.8 million of waterflood investments, including 15 well conversions in H1/19 and the drilling and conversion of six additional injection wells in East Veteran.
- Bellatrix Exploration Ltd. approved a 2019 capital budget of between $40 to $50 million, designed to maintain average production volumes between 34,000 to 36,000 boe/d.
- Crescent Point Energy Corp. 2019 capital budget of $1.20 to $1.30 billion. Maintaining annual average production at 170,000 to 174,000 boe/d, approximately 55 percent of its total capital expenditures budget in 2019 to its key focus areas in the Viewfield Bakken, Shaunavon and Flat Lake resource plays. Company has further enhanced the horizontal well economics within its emerging Uinta Basin resource play by focusing on stacked, multi-well pad development.
- Surge Energy Inc. 2019 capital budget $135 million
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Author: phinds