Raging River Exploration Inc. (ticker: RRX) is an oil and gas producer focused primarily in the Viking oil play in Alberta and Saskatchewan.

Raging River Exploration: EnerCom Dallas Conference Presenter

RRX Light Oil Map, Jan. 2018

2018 CapEx and guidance

Raging River plans to spend $335 million in 2018, with the majority of funds—$282 million—going toward its Viking assets in Alberta and Saskatchewan. The Duvernay light oil play will receive approximately $53 million of the 2018 budget.

2018 average production is projected at 24,500 BOEPD (92% oil). The company estimates that Q4 2018 production will be 26,000 BOEPD, representing a Q4 to Q4 production per share growth of greater than 11%. Raging River forecasts funds flow from operations of $328 million at WTI of US$55/bbl.

Approximately 335 Viking horizontal wells and one Duvernay horizontal well were drilled in 2017.

Raging River Exploration: EnerCom Dallas Conference Presenter

RRX Guidance and Capital Allocation, Jan. 2018

Duvernay light oil discovery update

Raging River’s Duvernay light oil discovery well (4-11) successfully produced oil ahead of schedule. Over the first 30 days of production, the well cumulatively produced 5,550 bbls of oil or an average of 185 bbls/d.

For in-depth coverage of Raging River, please see previous coverage here. Additionally, the company has released its Jan. 2018 corporate presentation.

The management of RRX previously built Wild Stream Exploration and Wild River Resources, which were both sold to Crescent Point Energy Corp. in 2012.

EnerCom Dallas conference details

Registration for EnerCom Dallas is now open. EnerCom Dallas is a financial conference that allows institutional investors an early 2018 opportunity to hear and meet CEOs from leading independent E&Ps, including some of the industry’s leading Permian, Eagle Ford, Marcellus, Utica and Canadian producers and the oilfield service companies supporting them.

Legal Notice