Permian Basin 2018

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PERMIAN BASIN: KEY PLAYERS 26 | October 2018 | 2017. The company's Aventine logistics and main- tenance hub in New Mexico also began operations in 2018. Additionally, Occidental is a Permian leader in CO 2 EOR technology, injecting more than 950 Bcf annually into basin reservoirs. Since acquiring the Seminole-San Andres CO 2 EOR unit in 2017, the company has lowered the unit's operating expenses by $7/boe. Occidental is advancing CO 2 EOR as a form of carbon capture, utilization and storage. In 2018 Occidental and White Energy said they were evaluating a project to build a carbon capture facil- ity at White Energy's Texas ethanol facilities and transport the CO 2 to the Permian Basin for use in Occidental's EOR operations. Parsley Energy Inc. Independent Parsley Energy's focus is in the Perm- ian Basin in West Texas with a reported total net production that averaged 107,800 boe/d in the second quarter, according to the company's sec- ond-quarter 2018 results report. During the second quarter, the company spud 43 wells and placed 45 gross operated horizontal wells on production. "Completion activity was weighted toward the Midland Basin, where the company placed on production 37 gross operated horizontal wells, with the Del- aware Basin comprising the remaining eight gross operated horizontal wells," the report stated. "Parsley expects that development activ- Occidental staff ensure safety regulations are met at the company's Delaware Basin operations in the Permian Basin of West Texas. (Photo courtesy of Occidental Petroleum) This Parsley Energy production facility operates in the Delaware Basin. (Photo courtesy of Darren Carroll Photography)

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