Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2022
Eagle Ford E&P Boosts D&C Activity 83% vs. 2021; 33 Spuds, 30 Completions
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Silverbow Resources reported its 2022 capital plan and guidance.
2022 Plan- Capex: $180-200 million - up 45% vs. 2021
D&C: $166-184 million Other: $14-16 million- Rigs Running: 1 rig
- Well Plans: Drill 33 net wells (39 gross) :: Complete 30 net wells - up 83% vs. 2021
- Production: 235-255 MMcfe/d - up 15% vs. 2021
Natural Gas Production (77%): 180-195 Mmcf/d Oil Production: 5,100-5,500 BOPD NGL Production: 4,000-4,500 Bbls/d 2022 Program OverviewSilverBow provided its 2022 capital budget range of $180-$200 million (approximately 92% allocated to D&C activity). The budget provides for 39 gross (33 net) operated wells drilled, compared to 20 gross (18 net) operated wells drilled in 2021. The Company intends to run one full rig in 2022, as compared to a 3/4 rig average…
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