Exploration & Production | Top Story | Capital Markets | Capital Expenditure
Oasis Breaks Out $1.425 Billion-Dollar Budget; Talks Rigs
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Oasis Petroleum Inc. has detailed its 2014 plans, including its capital budget.
The Company's 2014 CapEx budget totals $1,425 million, which consists of $1,367 million for E&P CapEx and $58 million for other CapEx, including OWS and non-E&P capital.
E&P CapEx primarily consists of: $1,250 million of drilling and completion CapEx for operated and non-operated wells (including expected savings from services provided by OWS and OMS); $60 million for constructing infrastructure to support production in Oasis' core project areas, primarily related to salt water disposal systems; $25 million for maintaining and expanding the Company's leasehold position; $19 million for facilities and other miscellaneous CapEx; and $13 million for micro-seismic work, purchase of seismic data and other test…- ✓ Full news archive — U.S., Canada & international coverage
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