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CS - Pipestone sets 2020 capex at $145-155MM, sees 20% growth - January 2020
Montney pure-play Pipestone Energy Corp. will focus its 2020 development program in the northwest sector of its largely contiguous 140-net-section position. The company plans to spend $145-155 million, 85% of which will go toward drilling, completion, equipping and tie-in expenditures. Remaining capital costs include downhole frac and production diagnostic tools to optimize completion designs and incremental water management and infrastructure optimization projects. Pipestone expects to drill 24 wells, complete 12 and bring 18 onstream......
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