Current SPE:CA Stock Info

Spartan Energy Corp. (ticker: SPE) has approved a development capital budget of $183 million for 2018. Spartan said the capital budget includes drilling approximately 140 net development oil wells. The wells should produce an annual average production of 23,400 BOEPD and a 2018 exit production of 25,000 BOEPD, an exit production growth of 11% over 2017.

Assuming a WTI price assumption of $60 and a CDN/US exchange rate of $0.80, the company said it expects to generate funds flow from operations of approximately $267 million in 2018, yielding ...


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