General Interest

Toreador sets 2006 E&D budget at $80 million

Jan. 5, 2006

Toreador Resources Corp. announced an $80 million budget for exploration and development capital spending during 2006, about a 13% increase over the estimated 2005 budget.

By OGJ editors
HOUSTON, Jan. 5 -- Toreador Resources Corp. announced an $80 million budget for exploration and development capital spending during 2006, about a 13% increase over the estimated 2005 budget. Final 2005 figures have yet to be released.

Production during 2006 is expected to total more than 1 million boe, and 2007 production is expected to total 2.5 million boe, the Dallas independent said.

Toreador is working in Turkey, Romania, Hungary, and France.