Top Story | Production Rates | Drilling Activity
Permian E&P to Grow Rig Count from 19 to 29 in 2018
Email
Print 
Bookmark
ExxonMobil annouced during its 3Q17 earning call that the company plans to grow its rig count in 2018 to 30, up from 20 currently. Earlier this year, the company agreed to pay the Bass Family $6.6 Billion for 275,000 net acres in the Southern Delaware Basin (Jan 2017) and then in September, the company bolt-on another 22,000 net acres.
The company has very ambitious production goals, for the Permian where it expects to see growth from ~100 Mboe/d to 400 Mboe/d in 2023.
ExxonMobil Permian Basin Leasehold Position
Source : Shale Experts Mapping Database
ExxonMobil Drilling Activity by County.
Source : ShaleExperts Rigs Database
ExxonMobil Project Production Growth
Related Categories :
Rigs & Vessels
More Rigs & Vessels News
-
Expand Energy Talks, Wells, Frac Crews, Production For 2H-2025 -
-
Mach Divest Western Anadarko Asset For $38 Million -
-
Large E&P To Defer Completion Activity, Build DUCs -
-
Large Marcellus E&P Talk 2024 Development Plan, Rigs, Wells & Frac Crews -
-
CNX Resources Talks 2024 Rigs, Frac Crews & Well Count -
Permian News >>>
-
Why $90 Oil Isn’t Bringing Back the Rigs -
-
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year -
-
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
-
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
-
Apa Corp : Doing More With Less
