Spartan reported 2Q15 fi nancial results that were generally in line with our forecast on both a production and cash fl ow basis, while
spending less than anticipated. Consistent with Spartan’s strategy of matching capital expenditures to internally generated cash fl ow, in light of further weakness observed in the commodity price environment, the Company’s has revised its 2015e capital budget to $85 mm (from $105 mm prior) with a corresponding decrease to its annual production to 8,700 boe/d ....
13 Aug 2015
Spartan Announces 2Q15 Financial Results In Line with Expectations, Reduces 2015e Production and Capital Guidance in Response to Declining Commodity Environment
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Spartan Announces 2Q15 Financial Results In Line with Expectations, Reduces 2015e Production and Capital Guidance in Response to Declining Commodity Environment
- Published:
13 Aug 2015 -
Author:
Cody R. Kwong -
Pages:
9
Spartan reported 2Q15 fi nancial results that were generally in line with our forecast on both a production and cash fl ow basis, while
spending less than anticipated. Consistent with Spartan’s strategy of matching capital expenditures to internally generated cash fl ow, in light of further weakness observed in the commodity price environment, the Company’s has revised its 2015e capital budget to $85 mm (from $105 mm prior) with a corresponding decrease to its annual production to 8,700 boe/d ....