VAALCO Energy forecasts 2026 capital spending of $300 million-$330 million
EGY•VAALCO Energy forecasts 2026 capital spending of $300 million-$330 million, excluding acquisitions. It projects fourth-quarter net royalty interest sales of 20,800-22,600 barrels daily and working interest production of 24,100-26,300 barrels daily.
1. Production and spending outlook
VAALCO Energy forecasts fourth-quarter 2026 net royalty interest sales of 20,800-22,600 barrels daily, up 18% at the midpoint from the third quarter. Working interest production is projected at 24,100-26,300 barrels daily, compared with 25,284 in the third quarter. The company expects fourth-quarter capital spending of $55 million-$75 million and full-year spending of $300 million-$330 million, excluding acquisitions; third-quarter cash capital spending was $86.9 million. Its first Phase Five production well in Côte d'Ivoire is expected online near year-end, with additional wells following in the first half of 2027.
