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Granite Oil Corp. Issues 2020 Operating Plans; Focusing on Debt Repayment & Production Growth

By Criterion Research
December 2, 2019 -

Granite Oil Corp reported that in 2020 their capital program will "prioritize significant debt repayment while growing production and adding producing reserves."  The firm did not disclose financial details around this plan and is entering 2020 with five shut-in wells (250 bbl/d) which will be part of their recompletion plan for the year.  Granite currently has 11 potential recompletion candidates moving ahead.


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Entities
Granite Oil Corp

Categories
Oil and Gas
Upstream

Commodities
Crude Oil
Drilling
Natural Gas
Natural Gas Liquids (NGL)

Tags
Capital Projects
Capital Spending
Capital Spending Forecasts
Debt Financing Activities
Refrac

Regions
Western Canadian Sedimentary Basin

Countries
Canada

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