08:31 AM EST, 01/05/2026 (MT Newswires) -- Spartan Delta ( DALXF ) said Monday that it plans to spend C$410 million-C$470 million for its 2026 capital program, delivering annualized production of 50,000-52,000 barrels of oil equivalent per day.

The target production represents a 28% increase in production and an 89% increase in crude oil and condensate production from the midpoint 2025 guidance, Spartan said.

Spartan expects to allocate $320 million-$360 million on drilling, completion, equipping and tie-ins, bringing 38 net wells on-stream.

The company is also allotting $60 million-$80 million to infrastructure, and $30 million to corporate and other purposes.

Spartan said its field production from the Duvernay asset in Alberta averaged 13,872 boe/d for December 2025, a 174% increase from December 2024.

Meanwhile, Spartan reported the retirement of Randy Berg as vice president of land and stakeholder relations, effective Feb. 28.