Private Equity | Exclusives / Features | Capital Markets | Drilling Program - Wells | Capital Expenditure - 2022
An Early Look at 2022: E&P Budget, Drilling & Completion Plans
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Several operators gave a sneak peek of their 2022 capital plans in their Q3 reports. Below is a summary of what the E&Ps are planning for next year.
Capital budgets are set to increase and, with DUCs depleted, some operators are adding rigs now instead of waiting until next year. Meanwhile, frac crews are continuing to grow into year-end.
At a Glance *Chesapeake's 2021 capex/production adjusted to include Vine Energy Chesapeake EnergyChesapeake Energy's spending and production is increasing sizably in 2022, but that is to be expected after its $2.2 billion acquisition of Vine Energy (who was planning to spend $345MM and produce 995 Mmcf/d for 2021).
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