Top Story | Key Wells | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Activity | Capital Expenditure - 2017
Operator to Double 2018 Rig Count; Haynesville, Delaware Permian, Eagle Ford
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BHP Billiton has released its end of year 2017 update (**note that BHP's calendar year ran from June 2016-2017).
BHP changed up its rig allocation in June 2017, pulling one each from the Eagle Ford and Permian, while deploying three across the Haynesville (up from zero rigs in BHP's previous year).
The rig decrease in the Eagle Ford is likely related to its planned divestment of its Hawkville asset, which BHP estimates will be finalized by September.
This increases BHP's rig count to five total operated rigs (up by one YOY).
Planned Activity Update (June 2017 - June 2018)The company also detailed its initial plans for its 2018 financial year (July 2017 to July 2018), including a budget of $1.2 billion (up +100% from 2017's $600MM budget) and…
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