Permian Basin Circa 1960s Maturity Phase Production increased to 1.5 MMBo/d as secondary recovery becomes more widespread Discovery of new fields diminishes; focused on expanding existing fields Central Basin Platform…
Permian Basin 2006 to Present Renaissance Phase Technology, completion and horizontal drilling, Yeso expanding resource potential Lower Abo across the Permian Basin Wolfberry Wolfcamp Cline/Penn Emergence of new oil and…
Top 10 2011 Permits by Operator Permian Basin 1 2 3 4 5 6 7 8 9 10 7
Top 10 2011 Horizontal Permits by Operator Permian Basin 1 2 3 4 5 6 7 8 9 10 8
Industry 5-Year Horizontal Spuds by Formation Permian Basin 300 722 250 WOLFCAMP 200 448 DEVONIAN 368 BONE SPRING 150 ABO 268 DELAWARE 100 YESO 213 OTHER 50 Number reflects total count 0 2007 2008 2009 2010 2011 10
Stratigraphy - Permian Basin Delaware Central Midland Basin Basin Basin Platform DELAWARE MIDLAND PERIOD SERIES BASIN PERIOD SERIES BASIN FORMATION FORMATION TANSILL LEONARD GUADALAUPE LEONARD GUADALAUPE…
Paleogeography - Permian Basin Early Permian, Wolfcamp 287 Ma Late Pennsylvanian, Penn Shale 300 Ma Source: Ron Blakey, Colorado Plateau Geosystems. 12
Delaware Basin Unconventional Sub-Play Distribution Formation Lith Reservoir Name Prod Delaware Mtn. Brushy Canyon Bone Spring Limestone Leonard Shale Upper Avalon Shale Middle Avalon Carbonate Lower Avalon Shale 1st…
Delaware Basin Bone Spring - Play Leader Results 800 700 600 500 BOEPD 400 300 200 100 0 2009 2010 2011 2012 30 Day Ave. IP 14
Midland Basin Unconventional Sub-Play Distribution Age LEONARD WOLFCAMP PENN Active Industry Rig 15
Midland Basin Wolfcamp Play Leader Results 35 1000 30 WELL COUNT & LATERAL LENGTH (X1000) 25 800 AVERAGE IP (BOEPD) 20 600 15 400 10 200 5 0 0 2009 2010 2011 2012 (Q1) Source: PI/Dwights (IHS). VERT HORIZ…