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Midland Basin Overview

What is the Midland Basin?

Midlan Basin

The Midland Basin is located just east of the Central Basin Platform and runs north-south from southern Lamb and Hale counties to northern Crockett County.  Midland Basin geology is highly variable by location and zone, as the typical well completion in the basin involves commingling production from multiple stacked pay zones. Depending on the geographic region within the Basin, operators are targeting a variety of zones with vertical and horizontal completions.

In 2013, the Midland emerged as a reinvigorated basin capable of generating strong returns similar to those achieved to date in the Delaware. What is even more impressive is the Midland Basin has proven to be more consistent, which should make it conducive for large-scale developments. Operators are shifting development plans away from vertical drilling towards horizontal activity and are testing multiple zones. While we are earlier in the horizontal development life cycle, we see significant opportunity to increase drilling inventory through decreased density spacing and the potential incorporation of stacked lateral development programs.

 

 

 

 

Midland Basin Map

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