Magnolia Oil & Gas Expects Q4 D&C Capital To Be Approximately $125M
Magnolia Oil & Gas Expects Q4 D&C Capital To Be Approximately $125M
玉蘭石油與天然氣預計第四季度開發和建設資本將約爲125百萬美元
Factoring in the small amount of delayed activity as well as the additional four well pad, we expect fourth quarter D&C capital to be approximately $125 million. This would bring our total capital spending for the year to approximately $470 million and in the middle of the range of total 2024 capital budget of $450 to $480 million.
The modest increase in activity should further benefit Magnolia's overall capital efficiency and flexibility during 2025. Fourth quarter total production volumes are expected to be approximately 93 Mboe/d providing high single digit total year-over-year production growth during 2024, with this year's growth in oil production now expected to surpass that rate.
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