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Concho Slashes Permian Drill Times; Drops to 18 Rigs in 2Q

Production for the second quarter of 2015 was 13.4 million barrels of oil equivalent (MMBoe), or an average of 147.4 thousand Boe per day (MBoepd).



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 Regional Activity (June 04, 2015 to August 04, 2015)

Most Active Operator By Permits

Company Ver  Hz   Total
OCCIDENTAL PETROLEUM CORPORATION 0 16 16
ANADARKO PETROLEUM CORPORATION 0 14 14
MATADOR RESOURCES COMPANY 0 11 11
EOG RESOURCES, INC. 0 10 10
ROYAL DUTCH SHELL 0 5 5
CONCHO RESOURCES, INC. 0 3 3

More Avalon Shale Companies

Most Active Counties By Permits

County Ver  Hz   Total
REEVES,TX 9 46 41
LOVING,TX 5 38 35
More Avalon Shale Counties
 Drilling Permits Trends ( Aug 2014 - Aug 2015)


  Active Companies & profiles
Avalon Shale Companies >>
  Company Capex - 2015
Concho Resources Inc. plans to spend XXXXXX to drill & frac XXXXXX wells in the Avalon Shale in 2015. The company plans to operate XXXXXX rigs.

More Capital Budgets 2015

Avalon Shale Overview



The Avalon Shale, which extends essentially across the entire Delaware Basin, is a member of the Permian-aged Bone Spring formation of the Leonardian geologic series. It is sandwiched betweenthe Delaware Sands and 1st Bone Spring Carbonate above and the 1st Bone Spring Sand below at depths ranging from 6,500 – 9,000’.

The Avalon covers largely the same area as the 1st Bone Spring and its name is occasionally used by some operators to refer to either or both…

 Avalon Shale Map



Latest Midstream Projects
Project Name Completion date Capacity (MBOPD)
Ramsey III System  - -
Cactus Pipeline Capacity Increase  - -
Ramsey II Processing Facility  - -
  - -
Red Bluff Project  - -
DCP Sandhills Pipeline  - -
Total   -
 Click Here to More Projects

  Avalon Shale - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
07/14/2015 WPX to Enter the Permian; Inks Deal to Acquire RKI $2,750 M&A
12/28/2012 Mexco Energy Snaps Up Bakken, Permian Interests $1 Asset
09/12/2012 Shell Acquires Permian Assets from Chesapeake $1,935 Asset
09/12/2012 Chevron Agrees to Acquire Delaware Basin Acreage --- Asset
04/05/2011 Energen Unit Adds to Bone Spring/Avalon Acreage Position $37 Asset
01/06/2011 Energen Unit Adds to Bone Spring/Avalon Acreage Position $15 Asset
 

Avalon Shale Transactions By Month ($MM)

Avalon Shale Strats, Maps, Type Logs and More
Delaware Basin Strat
Avalon Shale / Trend