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In their 2013 guidance, CPG says that it will be spending $640 million more on capex and dividends than it takes in.
They say that 2013 exit production will be 114,000 boed, or 5000 boed over their 2012 exit rate of 109,000 boed.
So they are spending $640 million to grow by 5000 boed, or $128,000/boed.
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