Top Story | Exclusives / Features | Capital Markets | Capital Expenditure | Capex Increase | Capital Expenditure - 2022
Capex Plans Jump After 2Q: Nearly 30 E&P Companies Raise 2022 Budgets
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In their second quarter reports, a large number of E&P companies made sizable increases to their 2022 capital spending plans.
A total of 29 companies increased their 2022 budgets following the second quarter (the average increase is +15%).
The largest increases came from Silverbow Resources, SandRidge Energy, and Riley Exploration Permian, who increased their 2022 budgets by 47%, 37%, and 24%, respectively.
Note: All numbers are taken from the budget guidance midpoint
Oil-Focused E&PsAmong those who increased their 2022 capital plans are Pioneer Natural Resources, PDC Energy, Baytex Energy, Civitas Resources, and newly-minted…
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