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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