• Arsenal Energy Inc. set a capital spending budget of $49 million for 2013 vs. a projected $48 million capital budget for 2012. Of that, 68% or $33 million is slated to be spent on the drilling and completion of is expected to be spent on the drilling and completion of 20 (73% WI) horizontal wells. The budget is expected to result in average production of ~4,500 boepd vs. average production of ~3,700 boepd......
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