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Operators Outline 2H20 Permian Rig, Frac Spread / Crew Activity
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Over the last week, we have heard from numerous E&Ps about their plans for the 2nd half of 2020.
Today we will be looking at the operators upcoming plans for their Permian assets.
CimarexDrilling Activity: 4 Rigs Completion Activity: 2 Frac Spreads
"Our plans for 2021 and beyond are based on the assumption of $35 NYMEX oil and $2.50 cents NYMEX gas, with which we can maintain our production; grow our dividend and generate free cash in excess of our dividend."
Reduced Spacing: "Thus where we once modeled our Delaware Wolfcamp asset at 8 to 10 wells per drilling spacing unit; we now think we can recover the same volumes at 7 to 9 walls per drilling spacing unit."
SM Energy Drilling Activity: 3 Rigs Completion Activity: 2 Frac Spreads"Capital activity stays relatively flat in…
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