Storm reported fourth quarter nancial and opera ng results that were in line to ahead of our expecta ons. Further, the Company’s year-end reserve book was a highlight, characterized by markedly strong PDP reserve growth and excep onal FD&A costs across each category. As an cipated, Storm has formally reduced its 2016e capital investment outlook for 2016e, delaying the construc on of its 3rd Umbach compression facility to 4Q16e, now o ering $80 mm capex for 2016e to achieve 15,500-16,000 boe/d. ....
29 Feb 2016
Year-End Results and Strong Reserve Book, Lower 2016e Outlook on Natural Gas Price Deterioration
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Year-End Results and Strong Reserve Book, Lower 2016e Outlook on Natural Gas Price Deterioration
- Published:
29 Feb 2016 -
Author:
Robert Fitzmartyn -
Pages:
10
Storm reported fourth quarter nancial and opera ng results that were in line to ahead of our expecta ons. Further, the Company’s year-end reserve book was a highlight, characterized by markedly strong PDP reserve growth and excep onal FD&A costs across each category. As an cipated, Storm has formally reduced its 2016e capital investment outlook for 2016e, delaying the construc on of its 3rd Umbach compression facility to 4Q16e, now o ering $80 mm capex for 2016e to achieve 15,500-16,000 boe/d. ....