Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2022
Permian E&P to Drill and Complete 270 Wells in 2022
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Diamondback Energy Inc. detailed its 2022 capital plan and guidance.
2022 Plan- Capex: $1.75 - $1.90 billion- up 23% vs. 2021
D&C: $1.56-1.67 billion Midstream: $80-100 million Infrastructure / Environmental: $110-130 million- Frac Crews: Earlier in the year, the company said it would maintain 4 crews
- Well Plans: Drill 270 and 290 gross (248 267 net) wells :: Complete between 260 and 280 gross (240 258 net) - down 2% at midpoint vs. 2021
- Production: 369-376 MBOEPD - relatively flat vs. 2021
Oil Production: 218-222 MBOPD 2022 Guidance Highlights: Full year 2022 oil production guidance of 218 - 222 MBO/d (369 - 376 MBOE/d) Full year 2022 cash CAPEX guidance of $1.75 - $1.90 billion Assuming current strip commodity prices and the midpoint of Diamondback's production and…- ✓ Full news archive — U.S., Canada & international coverage
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