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Production / Operations

InPlay Oil Corp. Announces 2026 Capital Budget

By The Northwire Desk — AI Analysis Feb 24, 2026 · 07:30 IPO · 15.95 INPLAY OIL CORP.
IPO · Price

Executive Summary

  • InPlay Oil’s Board approved a 2026 capital program of $66 – $74 million, targeting 12‑14 net horizontal Cardium wells.
  • Forecast average production of 18,600 – 19,200 boe/d (≈11% increase vs. 2025) with FAFF of $48 – $63 million, comfortably covering the $30 million annual dividend and providing excess cash for debt reduction.
  • Year‑end net debt projected at $199 – $206 million (Net Debt/EBITDA 1.3x‑1.4x), with plans to use excess FAFF to lower leverage.

Key Details

  • Capital Program: $66 – $74 M for 2026; primary focus on Cardium light‑oil assets in Pembina.
  • Drilling Plan: 12 – 14 net horizontal wells (including 2‑well ERH pad completed, 3‑well ERH pad started – expected online end of March).
  • Production Guidance: 18,600 – 19,200 boe/d (60‑62% light oil & NGLs), up ~11% from 2025.
  • FAFF (Free Adjusted Funds Flow): $48 – $63 M; FAFF yield 11%‑15%; exceeds the $30 M base dividend.
  • Dividend: $0.09/share monthly ($1.08 annualized), ~7% yield at current share price.
  • Debt Reduction: Excess FAFF earmarked for debt paydown; projected year‑end net debt $199 – 206 M (Net Debt/EBITDA 1.3x‑1.4x).
  • Commodity Assumptions: WTI $63/bbl, FX 0.73 CAD/USD, AECO $2.35/CAD/GJ.
  • Hedging Program: Detailed Q1‑Q4 2026 hedges for natural gas (AECO swaps & collars), crude oil (WTI swaps & collars), and USD/CAD forwards/collars; provides price protection against volatility.
  • 2025 Performance Recap: Produced ~17,000 boe/d (≈95% YoY increase); AFF $122‑129 M; FAFF $48‑63 M; net debt $213‑216 M.
  • Risk Factors Highlighted: Commodity price volatility, trade/tariff risks, regulatory changes, financing availability, and execution of the drilling program.

Notable Quotes

“Our 2026 capital budget reflects disciplined, capital‑efficient growth while delivering strong free cash flow to support our dividend and debt reduction objectives.” – Doug Bartole, President & CEO

Source: InPlay Oil Corp. press release, February 24 2026.

Read the original news release →

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