Private Equity | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2022
HighPeak Energy Unveils 2022 Capex, Drilling Plan
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HighPeak Energy detailed its 2022 capital plan and guidance.
2022 Plan- Capex: $750-800 million - up 200% vs. 2021
D&C: $715-760 million Infrastructure, Land, & Other: $35-40 million- Rigs Running: 4 rigs
- Frac Crews: 2 crews
- Well Plans: 80-110 gross operated wells TIL
- Production: 27-32.5 MBOEPD
2022 Development OutlookThe Company added a third drilling rig in October 2021 to further delineate its Signal Peak area and to accelerate development drilling in its Flat Top operating area. The Company added a fourth drilling rig at the beginning of January 2022.
Additionally, we will continue the buildout of our field infrastructure to reduce operating costs and advance our ESG objectives. The Company currently plans to operate a minimum of four (4) drilling rigs and an average of…
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