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The Permian in 2015: 10 Companies to Drill ~1,460 Wells
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Part III of our feature series is focused on the Permian Basin. The ten companies below are planning to drill up to a combined ~1,460 wells in 2015.
Budgets and hedge positions (if available) are also detailed.
Access Part I and Part II of the series below:
The Eagle Ford in 2015: Budgets & Hedges The Marcellus in 2015: Budgets & Hedges Quick Summary: Concho ResourcesConcho plans to spend $2.0 billion on Permian operations in 2015. In 2014, the company spent $2.02 billion ($1.450B to the Delaware Basin; $370 million to the Spraberry; $200 million on the New Mexico Shelf).
The Company plans to allocate approximately $1.3 billion for drilling and completions in the Delaware Basin, approximately $300 million in the Texas Permian and approximately $200 million in the New Mexico Shelf.
Con…
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