Capital Markets | Capital Expenditure | Drilling Program-Rig Count | Capital Expenditure - 2020
Operator Ramps Up 2022 Permian Spending by 65%; Nine Rigs, 315 Completions
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Occidental Petroleum detailed its 2022 capital plan and guidance.
2022 Plan- Capex: $3.9-4.3 billion - up 43% vs. 2021
Oil and Gas D&C: $3.2-3.4 billion - up 38% vs. 2021 Midstream & Corporate: $200 million Chemicals: $300 million ESG/Environmental: $200-400 million- D&C Capex by Play
Permian: $1.7-1.9 billion - up 65% vs. 2021 Rockies & Other: $400 million - down 11% vs. 2021 GOM: $500 million - up 62% vs. 2021International: $500 million - up 25% vs. 2021
- Rigs Running: 11 net rigs (16 gross rigs)
Permian: 9 net rigs (14 gross rigs) Rockies & Other: 2 net rigs (2 gross rigs)- Well Plans: 370-410 wells online
Permian: 300-330 wells online Rockies & Other: 70-80 wells online- Production: 1,140-1,170 MBOEPD
Permian Production: 527-537 MBOEPD Rockies & Other…- ✓ Full news archive — U.S., Canada & international coverage
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