Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2022
Battalion Oil Details 2022 Preliminary Capital Plan; Capex, Wells, Rigs
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Battalion Oil Corp. released its preliminary 2022 capital plan and production guidance.
2022 Plan- Capex: $130-150 million
D&C: $117-135 million (90%) Other: $13-15 million (10%)- Rigs Running: 1 rig running
- Well Plans (net): 8-12 wells put online
- Production: 14,000-17,000 BOEPD
Oil Production: 8,000-9,500 BOPDRichard Little, the Company's CEO, commented, "On the heels of a transformative refinancing, we are excited to get back to doing what we do best: creating value through the drill bit. Our team has put in a lot of hard work over the last few years to optimize our drilling and completion strategies, reduce our production costs, and secure flow assurance. We are now seeing that hard work begin to pay off. Our well performance competes with some of the best wells in the…
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