BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 27.Feb.2025) — Veren Inc., which has started 2025 strong boasting production of 191,000 boe/d in Jan. 2025, has an eye on achieving average production of 188,000-196,000 boe/d (65% oil and liquids) in 2025. This, based on its development capital expenditures (Capex) budget of $1.48bn-$1.58bn.
Calgary-based Veren’s Capex program is weighted to the first-half 2025 (1H:25), while its production is weighted to the 2H:25 due to the timing of its development program and planned facilities downtime in early 2025, the company said on 27 Feb. 2025 in its year-end financial press release.
