Ecopetrol (EC) said Monday its Ecopetrol Permian unit and Occidental Petroleum (OXY) have agreed to extend the development plan of Rodeo Midland Basin in the Permian Basin in Texas, under a joint venture formed in 2019.
The deal includes a drilling plan for 34 wells through April this year and June next year, the company said, adding that its unit may extend the development plan in the future.
The two parties will keep working on the development plan of the Delaware sub-basin, which will remain in effect till 2027, the company added.
Ecopetrol also said that the unit's 2025 plan for Midland and Delaware sub-basins includes the drilling of roughly 91 development wells for an estimated investment of about $885 million.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。