Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2022
PDC Energy Outlines 2022 Plan (Pre & Pro-Forma Acquisition); Plans 140 Completions
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PDC Energy detailed its 2022 capital plan and guidance.
The company also provided a pro forma guidance which will be in effect upon the closing of its acquisition of Great Western Petroleum in 2Q22.
2022 Plan- Capex: $675-725 million - up 20% vs. 2021 (will be increased to $900 to $1,000 million pro forma Great Western acquisition)
- D&C Capex by Play
DJ Basin: $550 million (will be increased to $800 million pro forma Great Western acquisition) Delaware Basin: $150 million- Rigs Running: 3 rigs running
DJ Basin: 2 rigs Delaware Basin: 1 rig- Frac Crews: 1.5 frac crews
DJ Basin: 1 frac crew Delaware Basin: 0.5 frac crews- Well Plans: Drill 145-165 net wells :: Turn-in-line (TIL) 130-150 net wells
DJ Basin: Drill 130-145 net wells :: TIL 115-130 net wells Delaware Basin:- ✓ Full news archive — U.S., Canada & international coverage
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