Quarterly / Earnings Reports | Second Quarter (2Q) Update | Key Wells | Capital Markets | Drilling Activity | Capex Increase | Capital Expenditure - 2018
Oxy Boosts 2018 Budget +28% to $5.0B, Making Room for More Permian Activity
Oxy reported its Q2 2018 results.
Oxy Boosts Budget to $5.0 Billion
The company has updated its 2018 capital program, including a +28% boost to its budget (predominantly for Permian spending - which has been increased by nearly $1 billion):
Returning to Permian 'Turkey Track'
Latest Permian Well Results
Production Highlights:
- Q2 production of 639 MBOE (up +5% from 1Q18 and up +6% YOY)
- Permian Resources average daily production volumes improved from the prior quarter by 24,000 BOE, or 14%, to 201,000 BOE in the second quarter of 2018, due to improved well performance. Compared to the second quarter of 2017, Permian Resources production increased by 46%.
- International average daily volumes increased by 8,000 BOE in the second quarter of 2018, compared to the first quarter of 2018, due to the successful completion of planned maintenance activities at Al Hosn Gas and Dolphin.
Related Categories :
Second Quarter (2Q) Update
More Second Quarter (2Q) Update News
-
Saturn Oil & Gas Second Quarter 2022 Results
-
Empire Petroleum Second Quarter 2022 Results
-
ProFrac Holding Corp. Second Quarter 2022 Results
-
InPlay Oil Corp. Second Quarter 2022 Results
-
Vermilion Energy Inc. Second Quarter 2022 Results
Permian - Central Basin News >>>
-
Empire Petroleum First Quarter 2023 Results
-
Earthstone Energy, Inc., First Quarter 2023 Results -
-
Battalion Oil Corporation First Quarter 2023 Results
-
Ring Energy, Inc., First Quarter 2023 Results
-
PDC Energy, Inc., First Quarter 2023 Results