Prosperity Saskatchewan

TORC plans on 44 wells in southeast Sask in 2018

TORC plans on 44 wells in southeast Sask in 2018

PIPELINE NEWS

DECEMBER 22, 2017 09:38 AM

TORC Oil & Gas will keep turning to the right in 2018.   Photo By Brian Zinchuk

 

TORC Oil & Gas Ltd. announced on Dec. 12 the company’s board of directors has approved a 2018 capital budget of $165 million.

TORC’s capital program in 2018 is focused on light oil development projects, with the majority of the capital directed to drilling, completions and tie-ins (over 80 per cent), and the remainder allocated to operational and facility optimization to maximize production efficiency. The capital program is concentrated on the company’s primary core areas in southeast Saskatchewan, focused on both conventional and unconventional opportunities, along with the Cardium play in central Alberta.

Complete story here.