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Permian E&P Bucks Trend; Plans to Double Permian Drilling This Year
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HighPeak Energy provided some guidance on its operations. The company noted two things:
Updates to its hedge book Plans to increase drilling activity Increased Drilling ActivityThe Company expects to increase its capital program to two rigs beginning later this month. The addition of the second rig will accelerate the development of the Company’s acreage.
HighPeak expects to update its guidance in its 2021 second quarter earnings release.
Michael Hollis, HighPeak’s President, said, “Based on the continued success of our development drilling program, we expect production to continue to increase throughout the year. We are also focused on keeping all-in costs to drill, complete, equip, and set surface facilities at or near our current levels of slightly over $500 per lateral foot…
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