Permian output was 460,000 boe/d in 2022 Capex for 2022 will be $21 billion-$24 billion 2022 production should be up about 2%: CEO ExxonMobil sees its US Permian Basin production growing 25% during 2022, about the same amount of ramp-up as last year, the company’s top executive said Feb. 1. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The company also narrowed its capital budget range to $21 billion-$24 billion, CEO Darren Woods said during a fourth-quarter 2021 earnings call. That was down from a broader $20 billion-$25 billion targeted in a December statement for not only 2022 but through 2027. Permian Basin production totaled 460,000 boe/d in 2022, up about 100,000 boe/d or 28% year on year prompted by drilling and completions improvements. “This not only adds to volumes, its adds to free cash flow generation at ExxonMobil,” Credit Suisse analyst […]