Capital Budget of $21 Million to be 'Tailored' and 'Monitored' by Reece

Reece Energy Exploration's Board of Directors approved a 2008 capital budget of up to $21 million. The budget will be monitored and tailored on a quarterly basis as success and market conditions may dictate. Reece anticipates that it will utilize its cash flow and debt facility to finance the capital expenditure program. Reece is prepared to consider acceleration of the Bakken drilling program, upon the achievement of certain benchmarks in early drilling.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Contracts Advisor
Expertise: Budget / Cost Control|Contracts Engineer|Supply Chain Management
Location: San Ramon, CA
Accounting Manager
Expertise: Accounting
Location: Houston, TX
Data Processing Supervisor
Expertise: Planner / Scheduler|Project Controls|Refinery / Plant Operator
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours