Spartan Delta Aims for Lift in Production With 2026 Spending Plans

Dow Jones

01/05

By Robb M. Stewart

Spartan Delta laid out spending plans for the new year aimed at lifting production.

The Canadian company, which has a portfolio of producing assets and developments in the Deep Basin and Duvernay in Western Canada, said Monday it plans to deploy between 410 million Canadian dollars and C$470 million, the equivalent of about $299 million to $342 million, to deliver annualized production of 50,000 to 52,000 barrels of oil equivalent a day in 2026.

At the midpoint of its target, that would represent a 28% increase in production, and an 89% rise in crude oil and condensate output compared with 2025.

Spartan said it anticipates spending C$320 million to C$360 million on drilling, completion, equipping and tie-ins to bring 38 net wells on-stream, and is allocating C$60 million to C$80 million of capital to infrastructure and $30 million to corporate and other spending.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

January 05, 2026 08:21 ET (13:21 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Stewart \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/DALXF\">Spartan Delta</a> laid out spending plans for the new year aimed at lifting production. \n</p>\n<p>\n  The Canadian company, which has a portfolio of producing assets and developments in the Deep Basin and Duvernay in Western Canada, said Monday it plans to deploy between 410 million Canadian dollars and C$470 million, the equivalent of about $299 million to $342 million, to deliver annualized production of 50,000 to 52,000 barrels of oil equivalent a day in 2026. \n</p>\n<p>\n  At the midpoint of its target, that would represent a 28% increase in production, and an 89% rise in crude oil and condensate output compared with 2025. \n</p>\n<p>\n  Spartan said it anticipates spending C$320 million to C$360 million on drilling, completion, equipping and tie-ins to bring 38 net wells on-stream, and is allocating C$60 million to C$80 million of capital to infrastructure and $30 million to corporate and other spending. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2026 08:21 ET (13:21 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPAQ.U","symbol_name":"Spartan Acquisition Corp. 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Stewart \n\n\n \n\n\nSpartan Delta laid out spending plans for the new year aimed at lifting production. \n\n\n  The Canadian company, which has a portfolio of producing assets and developments in the Deep Basin and Duvernay in Western Canada, said Monday it plans to deploy between 410 million Canadian dollars and C$470 million, the equivalent of about $299 million to $342 million, to deliver annualized production of 50,000 to 52,000 barrels of oil equivalent a day in 2026. \n\n\n  At the midpoint of its target, that would represent a 28% increase in production, and an 89% rise in crude oil and condensate output compared with 2025. \n\n\n  Spartan said it anticipates spending C$320 million to C$360 million on drilling, completion, equipping and tie-ins to bring 38 net wells on-stream, and is allocating C$60 million to C$80 million of capital to infrastructure and $30 million to corporate and other spending. \n\n\n \n\n\n  Write to Robb M. 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