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Permian Basin 2017

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PERMIAN BASIN: KEY PLAYERS 14 | November 2017 | hartenergy.com Anadarko Petroleum Corp. Active in West Texas for more than 30 years, Anadarko's Delaware Basin has about 580,000 gross acres (about 235,000 net acres) and 10,000- plus drilling locations. Anadarko has continued to delineate its prospective Wolfcamp Shale acreage in Ward, Reeves and Loving counties since 2015. In fact, the company's Delaware Basin delineation program has tripled its estimated net resources in the Wolfcamp-A Formation to more than 3 Bboe, with the potential for an additional 1 Bboe in other zones of the Delaware Basin stack, according to a 2016 company fact sheet. According to the company's second-quarter 2017 report, Anadarko achieved record oil volumes in the Delaware Basin, averaging 33,000 bbl/d of oil during the quarter and has 16 rigs drilling in the Delaware Basin, including the two added during the second quarter. The company's Delaware Basin assets produced 33 Mbbl/d of oil, 10 Mbbl/d of NGL, 87 MMcf/d of gas and 57 Mboe/d (all increases from the year prior) in the second quarter, These key players are shining bright in Texas and New Mexico. Production Increases for Top Permian Companies By Ariana Benavidez Associate Managing Editor T he Permian Basin is one of the oldest oil- and gas-producing basins in the U.S. Located in West Texas and southeastern New Mexico, the Permian is about 250 miles wide and 300 miles long. It comprises several sub-basins, including the Delaware Basin and the Midland Basin. According to Drillinginfo, the Permian Basin produces more than 2.5 MMbbl/d. (For a complete production forecast, see pg. 72.) In the following section, Hart Energy profiles some of the most active companies in the Permian Basin. Key Players Anadarko's Delaware Basin has about 580,000 gross acres (about 235,000 net acres). (Photo courtesy of Anadarko Petroleum Corp.)

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