Extraction Oil & Gas’s production guidance
According to Extraction Oil & Gas’s (XOG) Corporate Update and Guidance presentation on December 5, 2016, it expects significant growth in its production for 2017 and 2018. For 2017, XOG expects full-year production in the range of 48–54 Mboepd (thousand barrels of oil equivalent per day), the midpoint of an increase of ~76% from its estimated 2016 production. The company expects to exit 2017 with double its 2016 exit rate production.
Extraction Oil & Gas (XOG) expects to exit 2017 with ~130 gross wells in process with an average lateral length of 1.9 miles. The company expects these wells to drive growth in 2018 and beyond.
For fiscal 2018, XOG expects a production growth rate of more than 75%. For the company’s unit costs guidance and capital expenditure guidance, please refer to the chart above.