Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2022
Coterra Energy to Complete 144 Net Wells in 2022; Bulk in Permian, Marcellus
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Coterra Energy (the company formed from the merger of Cabot Oil & Gas and Cimarex Energy) reported its 2022 capital plans and guidance.
2022 Plans- Capex: $1.4-1.5 billion - up 16% vs. 2021
D&C: $1.225-1.325 billion Midstream, Infrastructure & SWD: $100 million Other: $75 million- D&C Capex by Play
Permian: $600-649 million (49%) Marcellus: $539-583 million (44%) Anadarko Basin: $86-93 million (7%)- Rigs Running: 10.5 rigs
Permian: 6 rigs Marcellus: 2.5 rigs Anadarko Basin: 2 rigs- Frac Crews: 3.25 crews
Permian: 2 crews Marcellus: 1.25 crew Anadarko Basin: 0 crews- Well Plans: Turn-in-line (TIL) 134-153 net wells - down 12% vs. 2021
Permian: 50-60 net wells TIL Marcellus: 75-84 net wells TIL Anadarko Basin: 9 net wells TIL- Production: 600-635 MBOEPD -
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