Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2022
Continental Resources Unveils 2022 Plans; Boosts Spending 47% YOY
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Continental Resources Inc. announced its 2022 capital expenditures budget and operating plan, and its 2022 to 2025 financial projections.
2022 Plans- Capex: $2.3 billion - up 47% vs. 2021
D&C: $1.8 billion Leasehold, Minerals, Facilities, Etc.: $500 million- D&C Capex by Play
Bakken: $800 million Anadarko: $400 million Powder River: $200 million Permian: $400 millionThe capital expenditures budget includes a 15% increase to legacy spending in the Bakken and Anadarko Basins combined with an approximately $500 million increase attributed to the Company's recently acquired positions in the Permian and Powder River basins.
- Well Plans: 223 net wells total (284 gross operated / 196 net operated)
Bakken: 116 net wells (153 gross operated / 95 net operated) Anadarko: 41 net…- ✓ Full news archive — U.S., Canada & international coverage
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