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