NOG Reiterates 2024 Guidance; For Q2 Expects 117,500-119,500 Boe Per Day Of Production And 69,000-71,000 Boe Per Day Oil Production
NOG Reiterates 2024 Guidance; For Q2 Expects 117,500-119,500 Boe Per Day Of Production And 69,000-71,000 Boe Per Day Oil Production
NOG is reiterating its annual guidance as shown in the table below, with some modest adjustments and additional detail for the second quarter.
NOG重申了下表所示的年度指导方针，并对第二季度进行了一些适度的调整和更多细节。
Given the acceleration and pull forward of activity in the first quarter, NOG expects relatively flat production in the second quarter and approximately 22 - 25 wells turned in-line. Overall, despite the acceleration of cash flow and production in the first quarter, NOG still expects approximately 60% of its budget to be incurred in the first half of 2024, with approximately $240 - $260 million of capital expenditures in the second quarter, and is reiterating its overall 2024 budget of $825 - $900 million. Based on current commodity prices, NOG anticipates spending toward the middle to upper band of guidance assuming oil prices and activity levels remain elevated throughout the remainder of 2024, but will remain flexible and return-driven. NOG expects modestly improving differentials for crude oil in the Williston Basin and materially wider gas differentials in the Permian Basin, driven by negative field level Waha hub prices, in the second quarter.
鉴于第一季度活动的加速和向前推进，NOG预计第二季度的产量将相对平缓，大约有22-25口油井投入运行。总体而言，尽管第一季度现金流和生产加速，但NOG仍预计其预算的约60％将在2024年上半年产生，第二季度的资本支出约为2.4亿至2.6亿美元，并重申其2024年总预算为8.25亿至9亿美元。根据当前的大宗商品价格，NOG预计，假设油价和活动水平在2024年剩余时间内保持较高水平，但将保持灵活和以回报为导向的中上限。NOG预计，在油田水平为负的瓦哈枢纽价格的推动下，威利斯顿盆地的原油差异将略有改善，二叠纪盆地的天然气差异将大幅扩大。