Top Story | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Activity | Capital Expenditure - 2017 | Drilling Program
Permian Operator Plans 150 Wells In 2017; Five Rig Program
Print
|
WPX Energy revealed today that it will continue expanding its Delaware-Permian development plan into 2017.
Quick Read
Capital Budget :$600-800 Million for Drilling & Completions
Permian- Delaware Basin : $700 M (mid-point of guidance)
Rigs Plan To Operate Delaware Basin : 5 Rigs (currently 3, plus 1 in november, 1 in december) Williston Basin/Bakken : 1 Rig San Juan Basin : 1 Rig Wells Plan To Drill / Drilling Program Delaware Basin : 70-80 Wells Williston Basin : 38-42 Wells San Juan : 40-46 Wells Production Guidance Daily Equivalent : 97 - 107 Mboe/d Oil : 49-53 Mbbl/dThe company provided the following 2017 Guidance.
WPX's 2017 capital budget for drilling and completion activity ranges from $800-860 million. Half of the capital is targeted for development…
- ✓ 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
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…