Raging River Exploration Inc. (ticker: RRX) is an oil and gas producer focused primarily in the Viking oil play in Alberta and Saskatchewan. 2018 CapEx and guidance Raging River plans to spend $335 million in 2018, with the majority of funds—$282 million—going toward its Viking assets in Alberta and Saskatchewan. The Duvernay light oil play will receive approximately $53 million
Raging River Exploration Inc. (ticker: RRX) set a 2018 capital budget of $335 million. The budgeted capital expenditures are expected to increase annual average production in 2018 to 24,500 BOEPD (92% oil) with fourth quarter 2018 production estimated at 26,000 BOEPD, representing a fourth quarter to fourth quarter production per share growth of greater than 11%. The 2018 capital budget
Branching out of its core Dodsland Viking play, Raging River Exploration (ticker: RRX) has taken a major step in building a strong asset in the Duvernay Shale. In June Raging River announced its land position in the Duvernay Shale in Central Alberta. The play consists of approximately 99,200 acres prospective for Duvernay light oil development. Drilling activities will begin in
FOURTH QUARTER 2016 HIGHLIGHTS Achieved a quarterly production record with average production of 20,447 boe/d (92% oil) representing an increase of 38% over the comparable period in 2015. This represents a 22% production per share increase from the fourth quarter of 2015. Achieved funds flow from operations of $64.6 million ($0.28/share basic), an increase of 59% from the fourth quarter
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