OXYCHEM Market Analysis and Guidance
HIGHLIGHTS
OIL & GAS UPDATE
• New Mexico seven-well Wolfcamp development (Top Spot) delivered
an average 30-day IP of -4,600 boed per well
• TX Delaware three-well Wolfcamp development (Chicane) delivered
an average 30-day IP of ~4,270 boed per well
• Rockies drilling 32% faster (ft/d) than 1Q23, setting several records
including the company-wide record for drilling 10,468 ft in 24 hours
.
Delaware Completions team achieved a continuous pumping time
record of >40 hours, surpassing previous record by 43%
• Al Hosn expansion completed ahead of schedule and on budget;
project acceleration driving record production volumes
•
9
Delivered highest well IP in Oman in nearly a decade at ~6,000 boed
following successful exploration; more opportunities expected
25-year Algeria contract extension finalized under single PSC
NOTE: PRODUCTION SHARING CONTRACT (PSC); INITIAL PRODUCTION (IP)
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