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Permian Basin 2018

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PERMIAN BASIN: KEY PLAYERS 14 | October 2018 | hartenergy.com Anadarko Petroleum Corp. Anadarko has been active in West Texas for more than 30 years and has estimated recover- able resources at more than 4 Bboe in the Dela- ware Basin, according to the company's website. Anadarko's Delaware Basin positions include nearly 600,000 gross acres and 8,500 ft of stacked oil potential, according to the company's Texas fact sheet. "In 2017 and through the first half of 2018, Anadarko continued to advance several founda- tional components of the Delaware Basin value chain, securing locally sourced sand, increasing basin takeaway capacity and making significant progress on an extensive infrastructure backbone to facilitate future growth," the company said. In the Delaware Basin, the company's oil pro- duction averaged 62,000 bbl/d of oil for the second These top 20 Permian operators are leading the way in one of North America's largest basins. Permian Players Picking Up Production Pace By Ariana Hurtado Associate Managing Editor T he Permian Basin covers 75,000 sq miles over West Texas and southeast New Mexico and is the most prolific oil-producing basin in the country. "During the last three years, companies operating in the Permian Basin have drilled much longer later- als and used substantially more complex well completion design in their newer wells with the aim of reach- ing higher initial production rates," according to a June 25 GlobalData news release. "Well lateral lengths in the Permian have increased on average by more than 1,500 ft since 2016 to approximately 7,500 ft by the end of 2017. An analysis of recent wells for 26 operators in the Permian Basin indicates a breakeven oil price range from $21 to $48 per barrel with lateral lengths ranging from 4,500 ft to 10,500 ft." In the following section, Hart Energy profiles some of the most active operators in the Permian Basin. Key Players In the Delaware Basin, the company's oil production averaged 62,000 bbl/d of oil for the second quarter of 2018. (Photo courtesy of Anadarko Petroleum Corp.)

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