Capital Markets | Capital Expenditure | Capital Expenditure 2025 | Capex - 2026
Advantage Plans $300–$330MM 2026 Capital Program
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Advantage’s 2026 development plan centers on Glacier-focused drilling and key midstream work. The company plans total capital spending of $300 million to $330 million and expects production to average 81,000 to 85,000 boe/d (about 76,000 boe/d in the first half and 90,000 boe/d in the second half). The program includes $35 million to complete a 75 mmcf/d Progress Gas Plant with commissioning expected in Q2 2026, plus $20 million for a 21-day Glacier Gas Plant turnaround in Q2 with an annualized production impact of approximately 3,800 boe/d. Drilling activity is biased toward gas with 15 Glacier Montney wells, 3 Progress Montney wells, and 6 net Charlie Lake wells.
For 2025, Advantage guided to average production of 80,000 to 83,000 boe/d with cash used in investing activities planned at $270 million to $300 million. The 2025 plan included approximately 34 net wells under a two-rig program, with 20 Montney wells (Glacier focused) and 10 operated and 4 non-operated Charlie Lake wells, while construction of the 75 mmcf/d Progress gas plant was deferred to 2026.
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