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Concho's Permian Efficiencies Ramp Up Results; IP Rates

Concho Resources Inc. has unveiled its latest drilling efficiencies and corresponding results in the Permian Basin.

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

More Capital Budgets 2015

Permian - 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…

 Permian - 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   -
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  Permian - Avalon Shale - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
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
Permian - Avalon Shale Strats, Maps, Type Logs and More
Delaware Basin Strat
Avalon Shale / Trend