Top Story | Capital Markets | Capital Expenditure - 2019
Anadarko Unveils 2019 Capital Budget; Rig, Drilling Plans
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Anadarko Petroleum has unveiled its 2019 capital budget.
The company's 2019 capital investment program is $4.3 to $4.7 billion,which represents a slight decrease relative to its 2018 program ($4.65 billion at the midpoint) and delivers 10% oil growth year over year.
Highlights: 2019 Capex: $4.3-4.7 billion (70% or $3.15B spent on US Onshore) Wells Planned: 442-499 (bulk in Delaware and DJ Basins) Rig Count: 15 rigs running Completion Crews: 10 completion crews"Our 2019 investment plan further demonstrates the capital efficiency of our portfolio," said Anadarko Chairman and CEO Al Walker. "We believe our peer-leading ability to attractively grow oil volumes within cash flow in a $50 oil environment while delivering significant free cash flow above this break-even point…
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