Permian Basin 2018

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PERMIAN BASIN: KEY PLAYERS 30 | October 2018 | SM Energy SM Energy has 82,460 net acres, seven rigs and three fracturing crews in the Midland Basin, according to a company investor presentation released in August. The company completed 38 net wells in the sec- ond quarter and is focusing on co-development of intervals. It drilled 29 gross (28 net) wells in the second quarter. The company reported 50 gross (48 net) drilled but uncompleted wells as of June 30. SM Energy expected to reduce its rigs to six and have about 37 net completions in the third quarter, according to the presentation. WPX Energy WPX Energy has about 131,000 net acres in the Delaware Basin with about 6,600-plus gross loca- tions (52% oil, 18% NGL and 30% gas), according to its second-quarter 2018 investor presentation. WPX's Delaware production averaged 74,400 boe/d and had 20 wells with fi rst sales in the basin during the second quarter. Most of the activity occurred in the Wolfcamp A interval. "Average lateral lengths of 7,500 ft in the Dela- ware during 2018 are on track to be approximately 20% longer than in 2017," according to the compa- ny's second-quarter 2018 results report. WPX has "roughly doubled its average lateral lengths in the Delaware since entering the basin in 2015 via its acquisition of RKI E&P." WPX participated in seven gross (1 net) non- operated well(s) in the Delaware Basin in the second quarter. Q SM Energy has 82,460 net acres in the Midland Basin. (Photo courtesy of SM Energy) Variable Bore Rams, Inc. (VBR), an OEM ram and elastomer provider, is the industry leader in service and availability. As an exclusive OEM rental provider, VBR offers customers the largest ram inventory - including Cameron, GE Hydril and NOV (Shaffer) varieties - that meets and exceeds OEM, API, NTL and BOERME requirements with dual certificates. VBR services onshore, offshore, drilling, workover and completion jobs worldwide, with various locations to provide equipment anywhere, anytime. Competitively priced - with the highest quality of OEM rams and elastomers, superior service and largest ram inventory. Superstore, Super Service VBR is the Ram Rental Superstore with Super Ram Service. VARIABLE BORE RAMS, INC. 337.256.5334 • T H E H O M E OF R A M S W I T H A T TI T U DE VBR is the Global Choice for Ram Rentals. 30 | October 2018 |

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