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These Permian Operators Plan to Complete/Frac 2,100 Wells IN 2024
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Shale Experts has distilled company presentations, 4Q 2024 capex & development guidance to generate a list of operators and their respective permian basin 2024 development plans.
Chevron, said during its 4th quarter earnings report that hte company is running 12 rigs and 3 frac crews. The company howerver is looking to add a 4th frac crew in the 2nd half. This will allow the company to grow it's permian production to 900 mboe/d (exit rate).
Diamondback who recently acquired one of the best run E&P in the Permian Basin (Endeavor), said it will grow oil production 10%, even though the company will spend less capital (POP is relatively the same).
Coterra plans includes 8 rigs and 2-3 frac crews which represents a flat program vs 2023. The company development activity will…
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