Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program-Rig Count | Capital Expenditure - 2019
Pioneer Unveils 2019 Capital Plans; Relatively Flat Drilling, Spending
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Pioneer Natural Resources has detailed its 2019 outlook.
2019 Plans- 2019 Capex: $3.1-3.4 billion
Permian Budget: $2.8-3.1 billion- 2019 Production: 320-335 MBOEPD
- Rig Count: 21-23 rigs running
This includes 5 rigs running at its southern JV area- Wells: 265-290 wells placed on production
First Quarter 2019 GuidanceFirst quarter 2019 Permian production is forecasted to average between 302 to 317 MBOEPD and 194 to 204 MBOPD, while Eagle Ford/South Texas production is forecasted to average between 13.0 to 14.5 MBOEPD and 2.8 to 3.8 MBOPD. Permian production costs are expected to average $8.50 per BOE to $10.50 per BOE. Permian DD&A expense is expected to average $13.00 per BOE to $15.00 per BOE.
Total exploration and abandonment expense for the Company is forecasted to be $20…
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