Well Lateral Length | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Key Wells | IP Rates-30-Day | IP Rates-24 Hour | Drilling Activity | Capital Expenditure - 2019
Oxy IDs 2019 Budget; Hits Record Bone Spring IP24 of 8,931 BOEPD
Print
|
Occidental Petroleum reported its Q3 2018 results.
2019 Capex IDedOxy has announced it has planned a 2019 budget of $5.0-5.3 billion - this is a slight increase of +3% at the midpoint from 2018's budget of $5.0 billion.
No other 2019 plans were released.
Permian Sand Dunes Area - Record Bone Spring IP24 of 8,931 BOEPDOne well, the Corral Fly 35-26-21H, hit record IP24 / IP30. The well was targeting the Second Bone Spring formation:
IP24 of 8,931 BOEPD IP30 of 6,722 BOEPDAdditionally in the area, Oxy touted 11 wells in Q3 that achieved IP30s of ~4,200 BOEPD.
Barilla Draw IPs ImprovingIn the Barilla Draw project area, Oxy noted it had a record Texas Delaware Basin completion. The Peck 11H well had IP rates as follows:
IP24 of 6,552 BOEPD IP30 of 4,925 BOEPDThe company…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Third Quarter (3Q) Update News
Keystone Runs Steady as Blackrod Gas Link Nears Startup
Nov. 13, 2025 South Bow’s 3Q25 update was operationally focused: the Keystone Pipeline System maintained steady utilization while the company advanced integrity work tied to the MP-171 incident,…
Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
Evolution Petroleum Corporation announced fiscal third quarter 2023 results. Highlights Reported sequential growth in revenue of 9% to a record $36.9 million and in net income of 34%…
Civitas Resources Third Quarter 2022 Results
Civitas Resources, Inc. announced its third quarter 2022 financial and operating results. Third Quarter 2022 Highlights: Average daily sales volumes of 176.3 thousand barrels of oil equivalent per…
Murphy Oil Third Quarter 2022 Results
Murphy Oil Corp. announced its financial and operating results for the third quarter 2022. Murphy reported net income attributable to Murphy of $528 million, or $3.36 per diluted…
ConocoPhillips Third Quarter 2022 Results
ConocoPhillips reported its third quarter 2022 results. The company reported third-quarter 2022 earnings of $4.5 billion, or $3.55 per share, compared with third-quarter 2021 earnings of $2.4 billion,…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian - Delaware Basin News
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…