Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2022
Ovintiv Cuts Completions by 10% for 2022; Production, Spending Flat YOY
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Ovintiv Inc. reported its 2022 capital plan and guidance.
2022 Plan- Capex: $1.5 billion - flat vs. 2021
- D&C Capex by Play
Permian: $575-625 million Anadarko Basin: $300-350 million Montney: $275-325 million Bakken: $175-225 million- Rigs Running: 9 rigs running - down 10% vs. 2021
Permian: 3 rigs Anadarko Basin: 2 rigs Montney: 2 rigs Bakken: 2 rigs- Well Plans (net): 200-220 net wells turned-in-line (TIL) - down 10% vs. 2021
Permian: 60-65 net TILs Anadarko Basin: 55-60 net TILsMontney: 60-65 net TILs Bakken: 25-30 net TILs
- Production: 515-538 MBOEPD - flat YOY
Oil Production: 180-190 MBOPDNGL Production: 78-82 MBbls/d Natural Gas Production: 1,450-1,500 Mmcf/d 2022 Guidance
With capital investment of approximately $1.5 billion in 2022, the…
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