Tuesday, May 15, 2012

Five E&P Companies Raising CAPEX

From Investodia: five companies adding CAPEX -- NOG, Magnum Hunter, CLR, Denbury, and WLL.
  • CLR: $1.75 billion --> $2.3 billion; additional CAPEX all in the Bakken
  • DNR: +$150 million; $80 million for the Bakken; the rest for its tertiary operations
  • Magum Hunter: $150 --> $325 million; all in Eagle Ford (that's a healthy increase)
  • WLL: +$200; more than $100 million to acquire more leaseholds --- is WLL one of the sharks in southwest North Dakota?
  • NOG: $325 --> $360; I believe all in the Bakken
Maybe more comments later. Rushed right now with too much information to post. Beware of increased typos, omissions. 

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