$CXO plans to reinvest cash flow so its current capital outlook
of $1.6-1.8Bil is funded entirely through cash flow from operations and will
deliver production growth of 20-24%. In Northern Delaware, $CXO plans to
average 8 rigs with over two-thirds of its capital targeting the Avalon and
$SO said that there is uncertainty with regards to tax reforms. But by virtue of the agreement that the company signed with the turbine suppliers, $SO is unaware of any tax law change in which they unwound commercial decisions once entered into. Therefore, from the value of the PTC, the company believes that it will persist under any tax reform.
$HST stated that it will not buy assets just for the sake of buying and will look for transactions that create shareholder value. With regards to disposition, the company is not implementing a systematic sales program in 2017. If $HST gets an offer that adds value, then it would sell an asset from its portfolio.
$NFX provided its 2017 capital plan and a multi-year production growth outlook for the Company, driven by its industry-leading position in the SCOOP and STACK plays in the Anadarko Basin of Oklahoma. $NFX's capital budget for 2017 is about $1Bil, excluding about $120MM in capitalized interest and internal costs.