Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2022
Callon Bets Capex on Permian for 2022; Drilling Up 88% vs. 2021 with 130 Completions
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Callon Petroleum detailed its 2022 capital plan and guidance.
2022 Plan- Capex: $725 million - up 42% vs. 2021
D&C: $602 million (83%) Environmental /ESG Capital: $18.5 million (17%)- Capex by Play
Permian: $616 million (85%) Eagle Ford: $90.5 million (15%)- Rigs Running: 6-7 operated rigs
- Frac Crews: ~2 frac crews
- Well Plans: Drill 125 to 130 gross wells - up 88% vs. 2021 :: Complete 113 to 118 gross wells - up 3% vs. 2021
- Production: 101 - 105 MBoe/d (64% oil) - up 7% vs. 2021
2022 Capital Expenditures BudgetCallon has established an operational capital expenditure budget of $725 million for 2022 with approximately 83% of spending directed towards drilling, completion and equipment expenditures. The increase of approximately $216 million from 2021 levels reflects an…
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