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CS - Yangarra lowers capex to $105MM, focuses on Chedderville - February 2020

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Thanks to accelerated spending that enabled Yangarra Resources Ltd. to drill and bring online three additional wells late last year, the company has lowered its 2020 capex budget to $105 million from $120 million. It is keeping production guidance in the 14,000-15,000 boe/d range, which at midpoint would represent 16% growth from 2019’s 12,550 boe/d average. Spending in 2019 amounted to $121 million. The company said it had planned to drill and complete 24......
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