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Operators Give Early Look At 2020 Activity Plans
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With nearly half of 2019 behind us, we are taking a look at potential plans for E&Ps going into 2020.
Antero Resources has already announced that it plans to spend 10% less on D&C activity in 2020 compared to 2019.
Antero Resources Revised CapEx (D&C) and Wells ONLINEIf we extrapolate that 10% decrease to other companies - this is what D&C activity would look like in 2020 (compared to 2018 and 2019). If other E&Ps follow in Antero's footsteps, service companies will likely have a tough time in 2020.
Even though we are looking at Appalachian E&Ps here, other plays could see a similar decline in D&C spending and activity. Take a look at Callon Petroleum, who announced plans to acquire Carrizo Oil & Gas earlier this week. Post-merger, the combined company will be operating on a smaller…
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