Playbooks Supplements

Unconventional Yearbook 2018

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Page 48 of 107 | January 2018 | 47 KEY PLAYERS | 2018 UNCONVENTIONAL YEARBOOK third-quarter 2016 and increased 8% compared to second-quarter 2017, according to the company's third-quarter 2017 results report. RSP acquired $234.4 million of oil and gas prop- erties in the Delaware Basin in the third quarter, acquiring about 5,800 net leasehold acres, 5,800 net royalty acres and 500 boe/d of production, accord - ing to the third-quarter 2017 report. The company expected to spend $625 million to $700 million in development capital across its Midland and Delaware Basin assets in 2017, com- pleting 80 to 85 gross operated horizontal wells and producing an estimated average of 53,000 to 57,000 boe/d for the year. In addition, RSP Permian completed the acqui- sitions of Silver Hill Energy Partners LLC and Sil- ver Hill E&P II LLC in November 2016 and March 2017, respectively, which added more than 68,000 gross acres to RSP's Permian assets. In the third-quarter 2017 report, RSP Permian CEO Steve Gray said, "After closing our $2.4 bil- lion acquisition of Silver Hill, 2017 has been all about execution. I am pleased to report that our buildout of infrastructure in the Delaware Basin has been completed on time and on budget, and we remain on track to deliver on our 2017 guidance." The company planned to spend between $575 million and $625 million on drilling and comple- tions in 2017, according to the report. Shell ■ World's second largest energy company ■ Ranked No. 7 on the 2017 list of Fortune Global 500 companies Shell produces heavy oil in California and oil and gas from shale in Pennsylvania, Texas and Louisiana. The company has significant shale acreage, focused in the Delaware Permian Basin in West Texas and in the Marcellus and Utica plays in Pennsylvania. As a result of the BG Group Plc acquisition in 2016, Shell obtained a position in the Haynesville Shale gas formation in Northern Louisiana, which is operated by EXCO Resources Inc. According to a February 2016 USA Today article, "Royal Dutch Shell is now the world's second larg- est energy company after completing its $53 billion acquisition of British giant BG Group. Shell's pur- chase of BG Group puts the company behind only Exxon Mobil on the list of largest energy companies by market capitalization." According to Shell's 2016 interactive map on its website, the company has a Permian project under construction. The shale project started up in 2017 and peak production is reported at 54 Mboe/d. Shell also has a shale project underway in Canada called Fox Creek, which also started up in 2017. Peak production was reported at 26 Mboe/d, according to the map. In California Shell has a 51.8% interest in Aera Energy LLC, which operates about 15,000 wells in the San Joaquin Valley in California, mostly pro- ducing heavy oil and associated gas. Shell also has about 1,600 mineral leases in Can- ada, mainly in Alberta and British Columbia. The RSP is running seven rigs across its position, with a 2017 drilling program targeting four distinct target horizons in the Midland Basin and five in the Delaware Basin. (Photo courtesy of RSP Permian Inc.)

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