Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2022
Marcellus, Haynesville E&P to Complete 140 Wells in 2022; $1.95B Budget
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Southwestern Energy Co. reported its 2022 capital plan and guidance.
2022 Plan- Capex: $1.9-2.0 billion - up 80% vs. 2021 (does not take into account Indigo / GEP Haynesville acquisitions)
- D&C Capex by Play
Appalachia (45%): $750-783 million Haynesville (55%): $915-957 million- Well Plans (gross operated): Drill 130-140 wells :: Complete 135-145 wells :: Turn-in-line (TIL) 130-140 wells
Appalachia: Drill 70-75 wells :: Complete 70-75 wells :: Turn-in-line (TIL) 60-65 wells Haynesville: Drill 60-65 wells :: Complete 65-70 wells :: Turn-in-line (TIL) 70-75 wells- Production: 4,600-4,700 Mmcfe/d - up 6% vs. 2021 (pro forma Indigo / GEP acquisition)
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