Permian Basin in the US - Oil & Gas Basin Analysis and Forecasts to 2020

GlobalData, July 2011, Pages: 91

Permian Basin in the US – Oil & Gas Basin Analysis and Forecasts to 2020

Summary

Global Data’s new report, “Permian Basin in the US – Oil & Gas Basin Analysis and Forecasts to 2020” analyzes the recent activities in the Permian Basin and its emerging plays. The report details the operational activities in the basin, analyzing drilling activities and cost trends. The research also provides information on production trends in the Permian Basin with forecasts to 2020. It analyzes the competitive landscape of the Permian Basin, detailing operations of the major oil and gas companies. It also details the merger and acquisition activities in the Permian Basin.

Scope

- Details of the major companies in the Permian Bassin by acreage and by production
- Permian Basin production trends by county and also expected production from 2011-2020
- Energing shale plays in this Permian Basin are discussed.
- Cost per well and costs of finding and development in the Permian Basin are discussed
- Permian Basin rig count by period and county are detailed
- nformation on the major mergers and acquisitions in the Pemian Basin
- Analysis of the operations of major companies in the Permian Basin, such as Occidental, Chevron, Apache, Concho and others.

Reasons to buy

- Develop business strategies with the help of specific insights about into the reserves , production , investments and other developments in the Permian Bain
- Understand the changing dynamics of the oil and gas industry in the US by understanding the role of Permian Basin in the energy industry of the country
- Develop business strategies with the help of specific insights about this basin
- Understand trends and activities in the Permian Basin
- Understand the market positioning of the major players in this basin

1
1

1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Overview
2.2 Market Definition
2.3 Report Guidance
3 Permian Basin Overview
4 Permian Basin, Unconventional Activities
4.1 Woflberry Play
4.2 Bone Spring Play
5 Permian Basin Production
5.1 Permian Basin, Production, 2001–2020
5.2 Permian Basin, Production by County, 2010
6 Permian Basin, Well Cost Trends By Shale, 2011
7 Permian Basin, Rig Counts
7.1 Permian Basin, Rig Counts, 2010–2011
7.2 Permian Basin, Rig Counts By County
8 Permian Basin, Competitive Landscape
8.1 Permian Basin, Major Companies by Acreage, 2011
8.2 Permian Basin, Major Companies by Production, 2010
8.3 Permian Basin, Future Plans by Major Companies, 2011
8.3.1 Permian Basin, Planned Investments, 2011
8.3.2 Permian Basin, Planned Wells, 2011
8.3.3 Permian Basin, Planned Rigs, 2011
9 Permian Basin, Analysis of Major Companies
9.1 Anadarko Petroleum Corporation
9.2 Approach Resources Inc.
9.3 Apache Corporation
9.4 Berry Petroleum Company
9.5 Cimarex Energy, Co.
9.6 Chesapeake Energy Corporation
9.7 Cross Border Resources, Inc.
9.8 Callon Petroleum Company
9.9 Chevron Corporation
9.10 ConocoPhillips
9.11 Concho Resources
9.12 Devon Energy Corporation
9.13 EOG Resources, Inc.
9.14 El Paso Corporation
9.15 Energen Corporation
9.16 Linn Energy, LLC
9.17 Occidental Petroleum Corporation
9.18 Petroleum Development Corporation
9.19 Pioneer Natural Resources Company
9.20 Petrohawk Energy Corporation
9.21 Quicksilver Resources Inc.
9.22 SM Energy Company
9.23 Sandridge Energy Inc.
10 Permian Basin, Mergers and Acquisitions Activity
11 Appendix
11.1 Sources
11.2 Market Definitions
11.3 Abbreviations
11.4 Methodology
11.4.1 Coverage
11.4.2 Secondary Research
11.4.3 Primary Research
11.4.4 Expert Panel Validation
11.5 Contact Us
11.6 Disclaimer

1.1 List of Tables
Table 1: Major Oil Plays, Characteristics, 2011
Table 2: Permian Basin, Total Oil & Gas Production (MMboe), 2005–2010
Table 3: Permian Basin, Average Daily Oil Production (Mbbl/d), 2001–2010
Table 4: Permian Basin, Average Daily Gas Production (, bcf/d, 2001–2010
Table 5: Permian Basin, Production by Major County (MMboe), 2001–2010
Table 6: Permian Basin, Cost Per Well For Major Companies Operating ($m), 2011
Table 7: Permian Basin Rig Count, January 2010 – July 2011
Table 8: Permian Basin, Rig Count by Counties, July 2011
Table 9: Permian Basin , Top Companies by Acreage, Acres, 2011
Table 10: Permian Basin, Major Companies by Gross Operated Production (MMboe), 2010
Table 11: Permian Basin, Planned Capital Expenditure by Major Companies, $ Million, 2011
Table 12: Permian Basin, Number of Planned Wells by Major Companies, 2011
Table 13: Permian Basin, Planned Rigs by Major Companies, 2011
Table 14: Anadarko Petroleum Corporation, Permian Basin, Key Current Statistics, 2011
Table 15: Anadarko Petroleum Corporation., Wolfcamp Shale, Key Current Statistics, 2011
Table 16: Anadarko Petroleum Corporation., Avalon Shale, Key Current Statistics, 2011
Table 17: Anadarko Petroleum Corporation., Bone Spring Shale, Key Current Statistics, 2011
Table 18: Approach Resources, Inc., Permian Basin, Key Current Statistics, 2011
Table 19: Approach Resources, Inc., Permian Basin, Key Annual Statistics, 2008 – 2010
Table 20: Approach Resources, Inc., Wolfcamp Shale, Key Current Statistics, 2011
Table 21: Approach Resources, Inc., Wolffork Shale, Key Current Statistics, 2011
Table 22: Apache Corporation, Permian Basin, Current Well Economics Statistics, 2011
Table 23: Apache Corporation, Permian Basin, Key Current Statistics, 2011
Table 24: Apache Corporation, Permian Basin, Key Annual Statistics, 2008 – 2010
Table 25: Berry Petroleum Co., Wolfberry Trend, Key Current Statistics, 2011
Table 26: Berry Petroleum Co., Wolfberry Trend, Key Annual Statistics, 2008–2010
Table 27: Cimarex Energy Co., Permian Basin, Key Current Statistics, 2011
Table 28: Cimarex Energy Co., Permian Basin, Key Annual Statistics, 2008–2010
Table 29: Cimarex Energy Co., Wolfcamp Shale, Key Current Statistics, 2011
Table 30: Cimarex Energy Co., Bone Spring, Key Current Statistics, 2011
Table 31: Chesapeake Energy Corporation, Permian Basin – Unconventional Liquids Plays, Key Current Statistics, 2011
Table 32: Chesapeake Energy Corporation., Permian Basin, Key Annual Statistics, 2008–2010
Table 33: Cross Border Resources Inc., Bone Spring Play, Key Current Statistics, 2011
Table 34: Cross Border Resources Inc., Permian Basin, Key Current Statistics, 2011
Table 35: Cross Border Resources Inc., Permian Basin, Key Annual Statistics, 2008 – 2010
Table 36: Cross Border Resources Inc., Wolfberry Play, Key Current Statistics, 2011
Table 37: Callon Petroleum Company., Permian Basin, Key Statistics, 2008 – 2010
Table 38: Callon Petroleum Company., Wolfberry, Key Current Statistics, 2011
Table 39: Callon Petroleum Company., Wolfberry, Key Annual Statistics, 2008 – 2010
Table 40: ConocoPhillips, Permian Basin, Key Current Statistics, 2011
Table 41: ConocoPhillips, Permian Basin, Key Annual Statistics, 2008 – 2010
Table 42: Concho Resources, Permian Basin, Key Current Statistics, 2011
Table 43: Concho Resources, Permian Basin, Key Current Statistics, 2011
Table 44: Concho Resources, Permian Basin – Core Operating Areas, Key Annual Statistics, 2008 – 2010
Table 45: Devon Energy Corporation., Permian Basin, Key Current Statistics, 2011
Table 46: Devon Energy Corporation., Permian Basin, Key Annual Statistics, 2008–2010
Table 47: Devon Energy Corporation., Wolfberry Play, Key Current Statistics, 2011
Table 48: Devon Energy Corporation., Avalon Shale, Key Current Statistics, 2011
Table 49: Devon Energy Corporation., Bone Springs Play, Key Current Statistics, 2011
Table 50: EOG Resources, Inc., Wolfcamp Shale, Key Current Statistics, 2011
Table 51: EOG Resources, Inc., Wolfcamp Shale, Key Annual Statistics, 2008 – 2010
Table 52: EOG Resources, Inc., Leonard Shale, Key Current Statistics , 2011
Table 53: EOG Resources, Inc., Permian Basin, Key Annual Statistics, 2008 – 2010
Table 54: El Paso Corporation, Wolfcamp Shale, Key Current Statistics, 2011
Table 55: El Paso Corporation, Wolfcamp Shale, Key Annual Statistics, 2008 – 2010
Table 56: Energen Corporation, Permian Basin, Key Current Statistics, 2011
Table 57: Energen Corporation, Permian Basin, Key Annual Statistics, 2008 – 2010
Table 58: Energen Corporation, Bone Spring, Key Current Statistics, 2011
Table 59: Energen Corporation, Avalon Shale, Key Current Statistics, 2011
Table 60: Energen Corporation, Wolfberry, Key Current Statistics, 2011
Table 61: Linn Energy, LLC., Permian Basin, Key Current Statistics, 2011
Table 62: Linn Energy, LLC., Permian Basin, Key Annual Statistics, 2008 – 2010
Table 63: Linn Energy, LLC., Wolfberry Trend, Key Current Statistics, 2011
Table 64: Linn Energy, LLC., Wolfberry Trend, Key Statistics, 2008 – 2010
Table 65: Occidental Petroleum Corporation, Permian Basin, Key Current Statistics, 2011
Table 66: Occidental Petroleum Corporation, Permian Basin, Key Annual Statistics, 2008 – 2010
Table 67: Petroleum Development Corporation, Permian Basin, Key Current Statistics, 2011
Table 68: Petroleum Development Corporation, Permian Basin, Key Statistics, 2008 – 2010
Table 69: Petroleum Development Corporation, Wolfberry trend, Key Current Statistics, 2011
Table 70: Petroleum Development Corporation, Wolfberry Trend, Key Annual Statistics, 2008 – 2010
Table 71: Pioneer Natural Resources Company, Permian Basin – Spraberry , Key Current Statistics, 2011
Table 72: Pioneer Natural Resources Company, Permian Basin - Spraberry, Key Statistics, 2008 – 2010
Table 73: Petrohawk Energy Corporation., Permian Basin, Key Current Statistics, 2011
Table 74: Petrohawk Energy Corporation., Wolfcamp Shale, Key Current Statistics, 2011
Table 75: Petrohawk Energy Corporation., Avalon Shale, Key Current Statistics, 2011
Table 76: Petrohawk Energy Corporation., Bone Springs Shale, Key Current Statistics, 2011
Table 77: Quicksilver Resources Inc., Bone Springs, Key Current Statistics, 2011
Table 78: SM Energy Company, Permian Basin, Key Current Statistics, 2011
Table 79: SM Energy Company, Permian Basin, Key Annual Statistics, 2008 – 2010
Table 80: Sandridge Energy Inc, Permian Basin, Key Current Statistics, 2011
Table 81: Sandridge Energy Inc, Permian Basin, Key Annual Statistics, 2008 – 2010
Table 82: Permian Basin, Asset Transaction, January 2010–June 2011

1.2 List of Figures
Figure 1: Permian Basin, Location Map, 2009
Figure 2: Permian Basin, Central Basin Platform, 2011
Figure 3: Delaware Basin Shale Play Map, 2011
Figure 4: Permian Basin, Total Oil & Gas Production (MMboe), 2005–2020
Figure 5: Permian Basin, Average Daily Oil Production (Mbbl/d), 2001–2010
Figure 6: Permian Basin, Average Daily Gas Production (bcf/d), 2001–2010
Figure 7: Permian Basin, Oil and Gas Production by County (MMbbl and bcf), 2001–2010
Figure 8: Permian Basin, Production by Major County (MMboe), 2001–2010
Figure 9: Permian Basin Rig Count, January 2010 – July 2011
Figure 10: Permian Basin, Rig Count by Counties, July 1, 2011
Figure 11: Permian Basin, Top Companies by Acreage (Acres), 2011
Figure 12: Permian Basin, Major Companies by Gross Operated Production (MMboe), 2010
Figure 13: Anadarko Petroleum Corporation, Permian Basin, 2011
Figure 14: Apache Corporation, Permian Basin, 2011
Figure 15: Berry Petroleum Company, Permian Basin Assets, 2011
Figure 16: Cimarex Energy, Co., Permian Basin Assets, 2011
Figure 17: Cimarex Energy, Co., Permian Basin, Emerging Plays, 2011
Figure 18: Cross Border Resources, Inc. Permian Basin, 2011
Figure 19: Callon Petroleum Company., Permian Geologic Section, 2011
Figure 20: Callon Petroleum Company., Wolfberry Trend
Figure 21: ConocoPhillips, Permian Basin, 2011
Figure 22: Concho Resources, Core Operating Areas – Permian Basin, 2011
Figure 23: Devon Energy Corporation, Permian Basin, 2011
Figure 24: EOG Resources, Inc., Wolfcamp Shale, 2011
Figure 25: EOG Resources, Inc., Leonard Shale, 2011
Figure 26: El Paso Corporation, Wolfcamp Shale, 2011
Figure 27: Energen Corporation, Permian Basin, 2011
Figure 28: Linn Energy, LLC., Permian Basin, 2011
Figure 29: Occidental Petroleum Corporation, Permian Basin, 2011
Figure 30: Petroleum Development Corporation, Permian Basin, 2011
Figure 31: Petroleum Development Corporation, Permian Basin, 2011
Figure 32: Pioneer Natural Resources Company, Permian Basin, Spraberry Field, 2011
Figure 33: Petrohawk Energy Corporation, Permian Basin, 2011
Figure 34: Quicksilver Resources Inc., Delaware Basin, 2011
Figure 35: Implied Deal Multiple for Major Shale Play, 2011

“Permian Basin in the US – Oil & Gas Basin Analysis and Forecasts to 2020” the Permian basin and its emerging shale plays. The report also details the production trends, competitive landscape, and merger and acquisition (M&A) activities in the Permian basin.

Permian Basin is one of the Major Producing Basins in the US

The Permian basin is one of the major producing basins in the US. The production in the basin has increased significantly over the past few years from 598 million barrels of oil equivalent (MMboe) in 2005 to approximately 614 MMboe in 2010. Oil production in the Texas part of the Permian basin accounts for 65% of total Texas oil production. Currently, production from southeast New Mexico accounts for 22% of the total Permian basin production.

Production from the Permian basin is expected to increase in future as companies shift from gas to oil focused drilling. Rising crude oil prices, advances in drilling technology, low drilling and production costs, low-risk oil resources and emerging oil plays have sparked renewed interest in the Permian basin. The figure below details the total oil and gas production from the Permian basin during 2001–2010.

Emerging Shale Plays are Shifting Company’s Interest towards Permian Basin

Although the basin is mature, there are emerging shale plays such as the Wolfberry and the Avalon Shale interval of the Bone Spring in the Permian basin. Strong crude oil prices and advances in drilling and completion techniques are shifting companies’ interests towards the Delaware Basin (DB) and Midland Basin plays.

The Wolfberry is a multi-zone tight oil resource play, producing from the Wolfcamp and Spraberry formations within the Midland basin. The majority of production of Wolfberry comes from Wolfcamp. The Bone Spring trend also has liquids window in its shale formations called Avalon. The Avalon play also includes the New Mexico Leonard Shale.

Occidental is the Largest Producer in Permian Basin

The Permian basin is one of the major basins in the US. Chevron, Exxon, ConocoPhillips, Occidental, Apache, Cabot, Sandridge, Pioneer Natural Resources and Anadarko Petroleum are the most active producers in the basin. Occidental was the largest producing company in the Permian basin in 2010, with a total production of around 87 MMboe. Kinder Morgan held the second spot, while Chevron was the third largest producer in the basin.

Anadarko Petroleum Corporation
Approach Resources Inc.
Apache Corporation
Berry Petroleum Company
Cimarex Energy, Co.
Chesapeake Energy Corporation
Cross Border Resources, Inc.
Callon Petroleum Company
Chevron Corporation
ConocoPhillips
Concho Resources
Devon Energy Corporation
EOG Resources, Inc.
El Paso Corporation
Energen Corporation
Linn Energy, LLC
Occidental Petroleum Corporation
Petroleum Development Corporation
Pioneer Natural Resources Company
Petrohawk Energy Corporation
Quicksilver Resources Inc.
SM Energy Company
Sandridge Energy Inc.

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