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Unconventional Yearbook 2018

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Page 42 of 107 | January 2018 | 41 KEY PLAYERS | 2018 UNCONVENTIONAL YEARBOOK ny's U.S. onshore assets were 219 Mboe/d (42% oil, 25% NGL and 33% natural gas), at the high end of original guidance." The company maintained an average of seven operated drilling rigs onshore during the third quarter (two in the D-J and five in the Dela- ware). During the third quarter Noble Energy drilled 49 wells (32 D-J and 17 Delaware) and reduced its long lateral drilling times in both basins, according to the report. Occidental Petroleum Corp. ■ Largest operator and producer of oil in the Permian Basin ■ 5.4 million gross acres in the Permian Basin Occidental Petroleum Corp. (Oxy) is the largest operator, largest producer of oil and a leading acre- age holder with nearly 5.4 million gross (2.5 million net) acres in the Permian Basin in West Texas and southeast New Mexico, according to the compa- ny's website. Oxy's Permian oil and gas production accounted for nearly 45% of 2016 total ongoing worldwide production, according to the company. Oxy manages operations in the Permian Basin through two businesses: Permian Resources and Permian EOR. Permian Resources reported that average production volumes improved from the second quarter by 1,000 boe/d to 139,000 boe/d in third- quarter 2017 due to increased drilling activity and well productivity, partially offset by the sale of noncore unconventional acreage in the third quarter and impact from Hurricane Harvey, according to Oxy's third-quarter 2017 results report. Permian Resources achieved record well results across multiple benches, the company said. Five New Mexico Third Bone Spring wells had an average 30-day rate of 3,780 boe/d. One New Mexico Second Bone Spring well had a 30-day rate of 4,500 boe/d. Average production for Permian EOR increased by 7,000 boe/d from the second quarter to 153,000 boe/d in third-quarter 2017, partially due to pro- duction from the EOR properties acquired in the third quarter, according to the report. Since gaining operatorship, average gross production increased 2,300 boe/d in the Seminole San Andres CO 2 unit. In the Permian Basin Oxy's midstream operations own and operate a common-carrier oil pipeline and storage system with about 2,900 miles of pipeline and 7.1 MMbbl of storage capacity. The Oxy Ingleside Energy Center, located at the Port of Corpus Christi in Ingleside, Texas, is a crude oil storage and export terminal that provides access to international and domestic markets for the company's Permian Basin and third-party crude oil. The export terminal has about 2.1 MMbbl of total oil storage capacity and throughput capacity of 300 Mbbl/d. Parsley Energy Inc. ■ Acquired Midland Basin assets from Double Eagle Energy Permian LLC ■ Estimating 67.5 Mbbl/d of oil in 2018 Parsley Energy focuses on the Permian Basin with operations in the Midland and Southern Delaware basins. Parsley Energy operates on the Strain Ranch in Martin County, Texas. (Photo courtesy of Parsley Energy)

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