Yangarra plans $60M capital program after drilling pause, signals steady field work ahead
According to BOE Report, Yangarra Resources completed 14 wells in 2025 with $43.6 million in drilling and completions spending, but paused operations for five months due to weak commodity prices. The Canadian producer has approved a $60 million capital budget for 2026, designed to maintain 10,000 boe/d production with more consistent drilling activity throughout the year.
The company spent an additional $8.5 million on strategic infrastructure projects, including major pipeline work connecting new core areas and facility upgrades. Yangarra also invested $6.1 million in land acquisitions targeting Cardium and Belly River plays.
What It Means for Subcontractors
- Expect more consistent work flow in 2026 compared to the stop-start pattern of 2025, with Yangarra planning steady drilling and completions activity year-round
- Infrastructure spending created opportunities beyond drilling, with pipeline construction and facility upgrade work totaling $8.5 million in strategic capital
- The company’s focus on multi-zone prospects using existing infrastructure suggests ongoing demand for specialized completion services in Alberta’s core areas
