Rise of the Southern Delaware Will Green Ben Wyatt (817) 900-5712 (817) 900-5714 will.greenstephens.com ben.wyattstephens.com The analyst primarily responsible for the preparation of the content of this presentation certifies that…
Permian Basin The Gift That Keeps on Giving Source: Concho Resources 2
And a Land of Many Names Source: Concho Resources 3
S. Delaware has produced for decadesWhats the big deal S. Del Daily Production (Boepd) - 1941 - 2012 (Culberson, Reeves, Ward & Pecos) 900,000.0 800,000.0 700,000.0 600,000.0 500,000.0 400,000.0 300,000.0 200,000.0…
Growth S. Del Daily Production (Boepd) - 1941 - 2016 (Culberson, Reeves, Ward & Pecos) 900,000.0 800,000.0 700,000.0 600,000.0 500,000.0 400,000.0 300,000.0 200,000.0 100,000.0 - Apr-49 Apr-60 Apr-71…
More Specifically, Oil Growth S. Del Daily Production (Boepd) - 1941 - 2016 (Culberson, Reeves, Ward & Pecos) 900,000.0 800,000.0 700,000.0 600,000.0 500,000.0 400,000.0 300,000.0 200,000.0 100,000.0 - Jan-63…
After a Long Lull, the Southern Del is Having a Moment The 80s were Especially Tough for S. Del Production But Horizontal Technology is Breathing New Life into the Play S. Del Daily Production (Bopd) - 1941 - 2016 (Culberson, Reeves,…
Vertical Wells Tell A Story Much of the early development was targeted at gas-prone zones Ellenburger, Devonian, Coyanosa Wolfcamp and Combos Producers eventually chased the Bone Spring Sands but were discouraged by low-perm and high…
Horizontals Tell a Different One While obvious in hindsight, the Wolfcamp was being overlooked Source: DI Desktop 9
Then and Now Horizontals Pre-2005 Horizontals 2005-2010 Horizontals 2010-2013 Horizontals 2013-2016 Source: DI Desktop 10
So Why Did it Take So Long and What Has Changed Why Did it Take So Long It was initially hard to find blocky acreage No real champions of the play(mostly majors, privates, and those who saw the potential with the play, were staying…
How Does the Play Look Today 30-day rates are still showing notable improvement as a result of increased lateral lengths and proppant loading Early time well performance is also improving with avg. 12 month cumulative…
Future Expectations Consolidation amongst operators(a number of privates have pieced together positions More consolidated acreage blocks open door for even longer laterals With 2k-3k ft of resource column, expect to hear more…
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