Wednesday, January 2, 2013

Top Three Oil Plays In The US With Top Player in Each

I generally don't care for Motley Fool, and even less, their videos, but this one is worth viewing.

The top three oil plays and the top player in each and some data points:

Bakken
  • > 650,000 bopd
  • CLR
  • 1 million net acres in the Bakken
  • 102,000 boepd in 3Q12
  • on target to increase production by 57% by end of this year
  • increased reserves by 20% y/y
Eagle Ford
  • EOG
  • 109,000 boepd in 3Q12
  • 644,000 net acres
  • 1.6 billion bbls potential reserves
Permian
  • largest oil producing region in the US as of 2011; accounts for 14% of all US oil production
  • OXY Petroleum: 144,000 boepd in the Permian; top producer in Texas producing 15% of all oil in Texas
  • a mature field, but new areas responding nicely to horizontal drilling

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