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CS - Torc Oil & Gas spending $190MM in 2020, keeping output flat - January 2020
Torc Oil & Gas Ltd. plans on spending $190 million in 2020, with 70% directed towards drilling, completions and tie-ins at its core areas in southeast Saskatchewan and Alberta’s Cardium. The remaining 30% will be spent on operational and facilities optimization, infrastructure expansion, gas conservation projects and inactive well retirements. The company anticipates maintaining 2019 exit production through 2020, resulting in a 2020 exit and average production rate of 28,300 boe/d (88% oil and......
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