Apache
3 MM Permian acres |
Chesapeake
830,000 Permian acres |
EOG Resources
106,000 acres |
5 Most Coveted Plays
Oil Resources |
August 9, 2011
Industry leader Apache is the #2 industry player in the “Permian” with 3 million gross acres and 92,000 boe/d and active in the Bone Spring. In less than two years,
Apache has ramped up its rig count in the Permian nearly 5X to 25 rigs.
Click for presentation |
November 3, 2011
In its drive for oil, Chesapeake now lists the Permian basin as an “unconventional liquids play” and defines it as a combo of the Midland and Delaware basins.
Targets include Wolfcamp, Avalon, Bone Spring and Wolfberry. Click for presentation |
November 1, 2011
In the same area as Concho, EOG is planning on tripling its rig program to 3 in 2012 with multiple Bone Spring objectives below the shale. EOG reports EUR’s on the NM side
are indicating 300 Mboe/well with IP’s in the 600 to 700 b/d range with various amounts of gas.
Click for presentation |
November 9, 2011
In a recent presentation
courtesy of RBC Capital Markets, the “Most” coveted resource plays today – in no particular order - are:
1) Bakken/Three Forks
2) Bone Spring, etc.
3) Eagle Ford shale
4) Utica shale
5) Wolberry/Wolfcamp
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