Thursday, August 30, 2012

The Permian

Locator: 10001PERMIAN.

The 2018 USGS assessment: link here.

Graphics
 
 



General

The USGS Assessment, 2018. Related posts about the same time:
The Permian is a monster, RBN Energy; Bloomberg, June 20, 2018.

Growing into the largest oil patch in the world, Bloomberg, April 24, 2018.

Natural gas production in the Permian to surge by 2020, WSJ, May 30, 2017.

Chevron owns its mineral acres outright in the Permian; no payment to landowners, April 6, 2017

Investment article, FANG in the Permian, April 3, 2017. 

Permian, Parsley, $40,000 / acre. February 12, 2017.

The importance of the Permian, Pioneer Natural Resources, September 2, 2016.

The Midland Basin, part of the Permian Basin, will be followed at this post, first posted August 16, 2016.

Cool story on the Permian, May 11, 2016.

Geography and stratigraphy of the Permian, Filloon, October 16, 2015.

Midland vs the Permian, understanding the geology, a 3-part series -- December 27, 2014.

Huge update, The Wall Street Journal, November 20, 2013

Introduction to the Permian, Market Realist, July, 2013

Thickness of the Midland Permian: from 1,375 to 1,825 feet thick (Laredo Petroleum corporate presentation, February, 2013)
  • Wolfcamp, upper: 400 feet
  • Wolfcamp, middle: 400 feet
  • Wolfcamp, lower: 500 feet
  • Cline: 300 feet
Updates


May 15, 2023: NOG acquires a small position in the Permian, paying upwards of $55,000/net acre. Also here.

December 17, 2022: billions in new investment in 2023. Production: 7.0 million bopd by late 2025. 

November 18, 2022: $80,000 / acre?

August 4, 2021: the Permian deals -- Shell opens a data room for its Permian assets; $10 billion; 260,000 acres;

April 3, 2021: update of four recent Permian deals.

  • COP - Concho;
  • CVX - Noble;
  • Pioneer - Parsley;
  • Pioneer - DoublePoint Energy;

April 13, 2019: CVX makes offer for Anadarko: here; and, here

September 10, 2018: boom -- Federal auction brings $95,001 / acre.

April 24, 2018: biggest oil patch in the world --

April 5, 2018: too much crude oil; too much natural gas; not enough pipeline. Biggest story in the US energy sector right now

June 11, 2017: best in the US -- Filloon. 

April 23, 2017: Permian's economics.

March 9, 2017: Marathon buys 70,000 net acres in prime Permian; at $14,000/acre

February 13, 2017: Filloon on the Permian; Hartstreet Oil

February 11, 2017: at $60,000/acre, the Permian is getting a bit pricey -- Bloomberg.

January 10, 2017: update on Permian valuation, Midland, Southern Delaware = $26,000 / acre.

December 14, 2016: new operator to pay about $40,000 / acre in the Permian (Wolfcamp, Bone Spring).

December 14, 2016: one of the few plays in which the proved reserves increased in 2015 -- Wolfcamp and Bone Spring. 

November 28, 2016: EOG's ex-CEO buying Permian acreage for $11,000 / acre

November 27, 2016: Delaware Basin adds to oil glut, part 4 in a series, Mike Filloon. 

November 21, 2016: Concho buys 16,400 acres for $430 million ($25,000/acre) in Red Hills play in northern Delaware Basin. 

October 20, 2016: RSP Permian's Silver Hill acquisition, Filloon update.

October 14, 2016: Delaware Basin still attracting $61,000/acre offers.

September 16, 2016: pricing the Permian

August 30 2016: update on Shell in the Permian;

August 16, 2016: Has the Eagle Ford fallen out of favor? SeekingAlpha, August 16, 2016.

August 8, 2016: SM Energy acquires Rock Oil Holdings, LLC; 24,000 acres in the Permian, west Texas, for about $1 billion or about $40,000/acre

July 16, 2016: Short update of the Permian and its five top operators, Motley Fool.

March 31, 2016: huge update on the Permian

April 22, 2015: Conoco and the Permian

April 6, 2015: Chevron and the Permian.

February 16, 2015: update, Rigzone

September 22, 2014: just how big is the Permian? It has the most rigs of any region in the entire known universe.

July 22, 2014: random update on the Permian.

July 13, 2014: Rigzone update on the Permian. An important article. 

June 10, 2014: the Permian at $40,000 / acre.

May 19, 2014: RBN update

April 22, 2014: the Permian -- the largest shale oil field in the US, according to EIA.

February 21, 2014: Permian Wolfcamp valued at $61,600/acre.

February 8, 2014: update on XOM/XTO entering the Permian.

November 21, 2013: update on the Permian, SeekingAlpha.

October 14, 2013: production from the Permian is enormous -- SeekingAlpha.

October 14, 2013: Devon in the Permian; a 1,000 places to drill -- The Motley Fool.

October 8, 2013: from CarpeDiem, five jaw-dropping facts about the Bakken

October 3, 2013: Rosetta Resources in the Permian, as much as 10 million bbls recoverable/section, compared to 3 million to 6 million (or more) in the best Bakken.

October 2, 2013: an update. Also, Mike Filloon has another look at a portion of the Permian.

August 26, 2013: nice map. Mike Filloon on the Permian.

From The Globe and Mail, April 17, 2013. 

Part III, Mike Filloon, SeekingAlpha, February 19, 2013. Nice graphic, multiple targets in the Permian.
Part II; introduction to the Permian, Mike Filloon, SeekingAlpha, February 15, 2013.
Part I: overview of / introduction to the Permian, Mike Filloon, SeekingAlpha, February 13, 2013.

Index of Permian articles at RBN Energy, January 8, 2013.

RBN Energy: part II of the article on the Permian, September 25, 2012.

RBN Energy: outstanding article on the Permian, September 17, 2012.

Link here to an article updating activity in the Permian, May, 2012.

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