27/02/2019 - Denbury’s 2019 capital budget, excluding acquisitions and capitalized interest, is between $240 million and $260 million, a decrease of 20% to 25% from the Company’s 2018 capital spending level.

26/02/2019 - In 2019, EOG is allocating more capital to opportunistic, high quality new drilling potential and somewhat less capital to drilling in established areas. The company expects to grow U.S. crude oil production by 12 to 16 percent, fund capital investment and pay the dividend with net cash from operating activities in 2019 at $50 oil. Exploration and development expenditures for 2019 are expected to range from $6.1 to $6.5 billion, including facilities and gathering, processing and other expenditures, excluding acquisitions and non-cash exchanges.

26/02/2019 - Range Resources Corporation has announced a 2019 capital budget of approximately $756 million. The budget includes approximately $685 million for drilling and recompletions (91% of the total), $51 million for leasehold, and $20 million for pipelines, facilities and other capital expenditures.

14/02/2019 - Continental Resources announced a 2019 capital expenditures budget of $2.6 billion, which is focused on both strong free cash flow generation and oil-weighted production growth. The budget is projected to generate approximately $3.0 billion of cash flow from operations and an estimated $500 to $600 million of free cash flow for full-year 2019 at $55 per barrel WTI and $3.00 per Mcf Henry Hub.

14/02/2019 - Marathon Oil's 2019 capital expenditure budget is $2.6 billion, down from 2018. The figure includes approx. $2.4 billion of development capital and approx. $200 million of resource play leasing and exploration (REx) spend. More than 95% of the development budget is allocated to the four U.S. resource plays with approx. 60% to the Eagle Ford and Bakken and approx. 40% to Oklahoma and the Northern Delaware.

11/02/2019 - DNO's spending levels in 2019 are projected to rise more than 40 percent from 2018 levels to an estimated USD 420 million. The company's 2019 drilling program includes up to 20 exploration and production wells in Kurdistan, including up to 14 wells at the Tawke field, four at Peshkabir and two at the Baeshiqa license. Another five wells are planned in Norway on DNO's licenses.

11/02/2019 - Apache Corporation approved a 2019 upstream capital budget1 of $2.4 billion. This represents a significant reduction from its previous 2019 investment plan, as well as from its actual upstream investment level in 2018. Despite a lower planned activity set, Apache is projecting 2019 total adjusted production for the full year will trend to the midpoint of its previous guidance range of 410 to 440 thousand barrels of oil equivalent (BOE) per day. This budget excludes the planned consolidated activities of Altus Midstream Company.

07/02/2019 - Total is targeting cost reductions of $4.7 billion, projected net investments of $15-16 billion in 2019 and an Opex target of $5.5 $/boe.

30/01/2019 - Hess Corporation announced a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75 percent will be allocated to high return growth assets in the Bakken and Guyana. Net production is forecast to average between 270,000 and 280,000 barrels of oil equivalent per day in 2019, excluding Libya, compared to approximately 245,000 barrels of oil equivalent per day in 2018 proforma for the sale of the company’s joint venture interests in the Utica shale play. Bakken net production is forecast to average between 135,000 and 145,000 barrels of oil equivalent per day in 2019.

30/01/2019 - Abraxas has revised its 2019 capital budget to $95 million, down from the previously announced $108 million. This budget is designed to produce free cash flow in the current commodity price environment, with limited impact on future production growth.

27/01/2019 - Enerplus' 2019 capital spending is forecast to be between $565 to $635 million. The Company expects to deliver average 2019 production of between 94,000 to 100,000 BOE per day, with crude oil and natural gas liquids production expected to average between 52,500 to 56,000 barrels per day.

23/01/2019 - Total capital expenditure for CNOOC in 2019 is budgeted at RMB70.0 billion to RMB80.0 billion. The capital expenditures for exploration, development and production account for approximately 20%, 59% and 19%, respectively.

22/01/2019 - Cairn Energy's capital expenditure for 2019 is currently forecast at ~US$305m, with full year net production estimated to be 19,000 to 22,000 boepd

17/01/2019 - Bellatrix approved a 2019 capital budget of between $40 to $50 million, designed to maintain average production volumes between 34,000 to 36,000 boe/d.

16/01/2019 - Jersey Oil and Gas expects total Capex for 2019 to be in the range of £7 million to £10 million. This includes the Verbier appraisal programme expenditure which has moved from 2018 into 2019 and remains in line with previous guidance.

16/01/2019 - Eland Oil & Gas announced 2019 capex guidance of $80 - 90 million net to the company, resulting in 2019 production in the range of 14,000 to 17,000 bopd net to Elcrest (post 15% budgeted downtime).

15/01/2019 - Tamarack Valley Energy announced planned capital expenditures of between $170 to $180 million to maintain the Alberta government's mandatory production curtailments during Q1 of 2019. Annual average production is forecast between 23,500 – 24,500 boe/d (64-66% oil and NGL), with 2019 exit production estimated between 25,500 – 26,500 boe/d (64-66% oil and NGL).

10/01/2019 - Premier Oil expects total 2019 development and exploration capex to be US$290 million of which c. US$70 million relates to the BIG-P development and US$100 million to exploration and appraisal (including US$60 million for the Zama appraisal programme and US$20 million for the Tolmount East appraisal well).

27/12/2018 - In 2019, Gazprom plans to spend rubles 1.326 trillion ($19bn), of which rubles 963bn are for capital investments; rubles 152bn for the acquisition of assets; and rubles 211.2bn for long-term financial investments. It will borrow next year rubles 298bn.

20/12/2018 - Goodrich Petroleum is reducing its 2019 capital expenditure budget by approximately $40 million, but expects to maintain its previous production guidance for 2019 due to outperformance of its wells relative to its type curves. The Company expects its capital expenditure budget for 2019 to be in the range of $90 million to $100 million.

20/12/2018 - Husky Energy plans to spend approximately $3.4 billion on its capital expenditure program in 2019 as it continues to invest in a deep portfolio of higher-margin, longer-life projects. This is about $300 million less than forecast at the Company’s Investor Day in May 2018, and includes capital spending reductions resulting from Alberta’s mandated oil production cuts.

20/12/2018 - Parsley Energy estimates that capital expenditures of $1.35-$1.55 billion will translate to total production of 124-134 MBoe per day and oil production of 80-85 MBo per day in 2019, representing year-over-year production growth of approximately 20% on both measures.

19/12/2018 - Diamondback Energy announced planned 2019 capital expenditures of $2.7 – $3.1 billion, including $2.35 – $2.7 billion for drilling and completion and $350 – $400 million for midstream and infrastructure investments (excluding equity investments in long-haul pipelines). The company believes it can maintain flat exit 2018 to exit 2019 production of over 250 MBoe/d with 14 operated drilling rigs.

14/12/2018 - Suncor's 2019 corporate guidance includes a capital program of between $4.9 and $5.6 billion and average upstream production of 780,000 to 820,000 barrels of oil equivalent per day (boe/d).

13/12/2018 - Vermilion Energy approved a 2019 E&D capital budget of $530 million, with associated production guidance of 101,000 to 106,000 boe/d. The midpoint of their 2019 production guidance reflects year-over-year growth of approximately 18%, or 7% on a per share basis, as compared to 2018.

12/12/2018 - Cenovus plans to invest between $1.2 billion and $1.4 billion in 2019, with the majority of the budget going to sustain base production at its Foster Creek and Christina Lake oil sands operations. The company also plans to complete construction of the Christina Lake phase G expansion. The 4% reduction in total planned capital spending, compared with Cenovus’s 2018 forecast, is largely the result of efficiency improvements at the company’s oil sands operations and reduced development plans for the Deep Basin as a result of the current commodity price environment.

11/12/2018 - ConocoPhillips has set a 2019 capital expenditure budget of $6.1 billion, which is flat to expected full-year 2018 capital expenditures excluding acquisition costs. The 2019 capital budget includes funding for ongoing conventional and unconventional development drilling programs, major projects, exploration and appraisal activities, and base maintenance activities. Compared to the 2018 expected capital of $6.1 billion excluding acquisition costs, the 2019 capital budget reflects the roll-off and roll-on of major projects, additional activity associated with Montney success, and the impact of increased scope and a higher working interest in Alaska.

07/12/2018 - Chevron Corporation announced a 2019 organic capital and exploratory spending program of $20 billion. In the upstream business, approximately $10.4 billion is forecasted to sustain and grow currently producing assets, including $3.6 billion for the Permian and $1.6 billion for other shale and tight investments. Approximately $5.1 billion of the upstream program is planned for major capital projects underway, including $4.3 billion associated with the Future Growth Project at the Tengiz field in Kazakhstan. Global exploration funding is expected to be about $1.3 billion. Remaining upstream spend will be for early stage projects supporting potential future developments.

06/12/2018 - Canadian Natural Resources' 2019 base capital budget is targeted to be approximately $3.7 billion, approximately $1.0 billion less than the 2018 forecast. The Company targets maintenance capital at approximately $3.1 billion, demonstrating a key benefit of a long life low decline asset base. Overall, production in 2019 is targeted to be between 1,030,000 BOE/d and 1,119,000 BOE/d, with a product mix of approximately 76% crude oil and NGLs and 24% natural gas.

19/11/2018 - Anadarko Petroleum's 2019 capital investment program is $4.3 to $4.7 billion, which represents a decrease relative to its 2018 program and delivers 10-percent oil growth year over year. 70 percent of investments are directed toward scalable, oil-levered U.S. onshore assets. Anadarko plans to allocate approximately $500 million toward its deepwater Gulf of Mexico operations, which is about $300 million less than in 2018, while delivering a similar number of wells and maintaining production levels between 140,000 and 150,000 barrels of oil equivalent (BOE) per day. The company also plans to allocate about $200 million toward its international cash-generating operations in Algeria and Ghana in 2019, where the company expects stable year-over-year, Brent-levered oil production. Offshore Ghana, investments will be focused on adding incremental wells to optimize capacity at the Jubilee and TEN floating, production, storage and offloading (FPSO) vessels. The company's exploration investments in 2019 are expected to total about $250 million, focused on identifying material and scalable opportunities in the U.S. onshore and satellite opportunities near existing operated facilities in the deepwater Gulf of Mexico.

20/02/2018 - Energy XXI Gulf Coast approved a 2018 capital expenditure budget in the range of $145 million to $175 million, which includes funding of EGC's most active drilling program since 2014, as well as recompletions, facilities improvements, plugging and abandonment (P&A) expenditures and other capital investments.

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