Permian
Pure & Simple

Operations Overview

Our core operating area is in the Permian Basin in West Texas, where we have a deep inventory of drilling locations targeting multiple zones and providing for successive years of production and reserve growth.

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Operations Map

Operations Overview
Permian Basin
Project Pangea & Pangea West
Targets:
Clearfork
Wolfcamp
Canyon Sands
Strawn
Ellenburger
 

We’re applying advanced technologies, including pad drilling, horizontal drilling and hydraulic fracturing, and as a result, efficiencies are increasing. Bottom line, our drill time and costs are down, while production is increasing.

The average shale play formation is approximately 300 feet in thickness. In combination, the Wolfcamp A/B/C benches are approximately 1,000 to 1,200 feet in thickness. Our current focus is on the A, B and C benches using pad drilling and stacked wellbores.

 

 

Operating Strategically and Responsibly

We’ve approached this resource play strategically, and believe the benefits will be long-term:

  1. With multi-well pad drilling and stacked wellbores, we drill multiple wells from a single pad, target several zones and minimize our land use.
  2. We built a water infrastructure network and significantly reduced truckloads previously needed for water hauling.
  3. We are recycling the water we use. It’s environmentally responsible, and it’s helping us reduce our operating costs.

Highlights

13.8MBoe/Day 2014 Average Daily Production
146MMBoe 2014 Proved Reserves
66%Oil and NGL 2014 Proved Reserves
143KGross Acres in the Permian Basin