The Company still plans for its 2013 capital budget to total approximately $300 million, consisting of oil-dominated development and exploration activities, which is intended to drive production growth and organic reserve replacement. Development and infield exploration spending is budgeted primarily in the West Delta, East Bay, South Timbalier, and Ship Shoal core field areas. The Company has continued its active drilling program with six rigs currently working within its core field areas and secured the barge, hydraulic workover and jack-up rigs necessary to execute its capital program. In addition, the Company plans to spend approximately $30 million in 2013 on plugging and abandonment and other decommissioning activities, which will serve to reduce future maintenance and insurance costs. The Company spent approximately $7.1 million in the first quarter on these activities.Liquidity and Capital Resources
EPL Announces First Quarter 2013 Results
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