Whitecap increasing our 2022 average production guidance by 4,000 boe/d to 142,000 – 144,000 boe/d and our capital spending guidance by $60 million to $670 – $690 million.
Whitecap Resources Inc. 2022 Guidance Update
Permian Basin Contributes $153.2 Billion and nearly 700,000 Jobs to U.S. Economy
The Permian Basin’s economic impact on Texas and the nation is growing. By 2050, the region is expected to contribute up to $260 billion in gross product and more than 1,000,000 jobs to the nation’s economy, according to a new report from The Perryman Group and the Permian Strategic Partnership (PSP).
Cedar LNG receives extension to build BC terminal
A four-year Canadian export license extension has been granted to the delayed Cedar LNG project, which will be sited on the northwest coast of British Columbia.
EOG’s iSense SM Continuous Leak Detection System
As an in-house developed system, iSenseSM enables EOG to integrate the data it collects with existing operational data from EOG’s other proprietary systems. This allows for the unique ability to analyze production and facility data to conduct root cause analysis, prioritize resources and dispatch repair measures.
NuVista Energy Ltd. 2022 Guidance Update
NuVista’s capital expenditure guidance for 2022 is re-affirmed at a range of $355 – $375 million
Centennial Resource & Colgate Energy combination, establishing Permian Resources
Centennial Resource Development and Colgate Energy complete combination, establishing Permian Resources. Permian Resources is an independent oil and natural gas company focused on the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Company’s operations are focused in the core of the Delaware Basin.
Magellan Midstream to Expand Refined Products Pipeline System to El Paso
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that following a successful open season, we plan to expand our refined petroleum products pipeline system from the Houston area to El Paso, Texas.
Chevron to boost permian oil production
Chevron has raised its 2022 production forecast in the Permian Basin to between 700,000 and 750,000 barrels of oil-equivalent per day, a more than 15% year-over-year increase. The basin is a vast oil and gas region spanning parts of west Texas and southeastern New Mexico.
Crude oil production in Texas’s Eagle Ford increasing
According to our latest Drilling Productivity Report, we estimate that crude oil production in the Eagle Ford region in southern Texas will average 1.2 million barrels per day (b/d) during September 2022
Paramount Resources Ltd. 2022 Guidance & Budget
Paramount planned 2022 capital expenditures have been upwardly revised by $80 million at the midpoint to a range of between $600 million and $640 million.