Callon expects to invest approximately $1 billion in 2023, production expected to average 104 – 107 thousand barrels per day of oil equivalent (MBoe/d)
Callon Petroleum 2023 Outlook
Ovintiv 2023 Outlook
Ovintiv 2023 capital investment of approximately $2.25 billion at the midpoint, the Company expects to deliver total production volumes of 500 to 525 MBOE/d.
Marathon Oil 2023 Outlook
Marathon Oil announced a $1.9 to $2.0 billion capital expenditure budget for 2023, Marathon Oil expects to deliver maintenance-level total Company oil production of 190,000 net bopd
Devon Energy 2023 Outlook
For the full-year 2023, Devon expects to sustain production in the range of 643,000 to 663,000 Boe per day. Total capital investment for the year is expected to range from $3.6 billion to $3.8 billion.
2023 Oil & Gas Budget Tracker
The following page is a summary of US based Oil & Gas Operators capital budgets and production outlook.
Conocophillips 2023 Outlook
Conocophillips 2023 total capital expenditure guidance is $10.7 to $11.3 billion, which includes $9.1 to $9.3 billion for base capital and $1.6 to $2.0 billion for anticipated major project spending at NFE, NFS, PALNG and Willow. ConocoPhillips ranks #5 in wells drilled in 2022 with 298 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
Pioneer Natural Resources 2023 Outlook
Pioneer expects its 2023 drilling, completions, facilities and water infrastructure capital budget to range between $4.45 billion to $4.75 billion.
SM Energy Company 2023 GUIDANCE
SM Energy Company is a company engaged in hydrocarbon exploration and headquartered in Denver, Colorado. Capital expenditures adjusted for capital accruals are expected to be approximately $1.1 billion, excluding acquisitions.
Diamondback Energy 2023 GUIDANCE HIGHLIGHTS
Diamondback Company expects to drill between 325 and 345 gross (293 – 311 net) wells and complete between 330 and 350 gross (297 – 315 net) wells
Kinder Morgan – Permian Highway Pipeline Expansion Project
The Permian Highway Pipeline, LLC (PHP) expansion project will increase PHP’s capacity by approximately 550 million cubic feet per day (MMcf/d).