InPlay Oil Sees Higher Oil Output, Debt Reduction as Part of 2026 Capital Program

Dow Jones
02/24
 

By Adriano Marchese

 

InPlay Oil said it is aiming for stronger oil-production growth in 2026 and will prioritize debt reduction and maximizing adjusted funds flow.

The Canadian junior oil-and-gas exploration and production company on Tuesday said it is forecasting average annual production this year of between 18,600 to 19,200 barrels of oil equivalent a day. The target, which is made up of about 60% to 62% light oil and natural gas liquids, represents an 11% increase at the midpoint over 2025 estimates.

According to FactSet, analysts expect about 19,000 barrels a day in 2026.

InPlay said the company has a low corporate base decline rate of 22%, which represents how quickly oil wells decline over time, while its netbacks are expected to be strong thanks to the higher-profit ratio of oil and liquids it produces.

The company is guiding for adjusted funds flow of $122 million to $129 million, while free adjusted funds flow is expected to be between $48 million and $63 million, which it plans to put toward debt reduction.

The company has set a capital-program target of $66 million to $74 million for 2026, with a plan to drill 12 to 14 new horizontal wells during the year.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

February 24, 2026 08:25 ET (13:25 GMT)

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