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Amazingly how this West Texas area has gradually become the top global oil and gas producing region within the last decade. A spike in production in early 2010s was followed by the acreage rush with lease prices showing 10-fold increase and more than that. Having successfully endured through the drastic price recession of 2014 and following years, Permian producers have continued to improve their technologies driving break-even costs  down.

Today with production volume of over 4 million barrels / day Permian produces more than the second largest global oil field, Saudi Arabia's mighty Ghawar. As production keeps increasing, the issue that is becoming most critical in Permian is transportation and possible transportation bottlenecks. New pipeline projects are being built, yet the takeaway capacity of the Permian remains under close examination of industry experts and producers.

This time again Peggy Williams, Vice President/Editorial Director and Reinold (Rey) Tagle Senior Vice President of Data Services will discuss the Permian key metrics in detail.

This 30-min online webinar reviews oil & gas production highlights from the Permian unconventional play using Rextag's Energy DataLink™ premiere data web app.

The speakers analyze historical production and trends, look at major producers, and key midstream players. The research covers decline curves, completion reports and other important points of analysis.

If you want to obtain selected PDF reports and maps used in the webinar, please contact us at akovalenko@hartenergy.com.

 

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Southland Royalty sold its San Juan Basin assets to MorningStar for $17.3 million. We go over the basics with an emphasis on the data needed to evaluate Southland Royalty's acreage in the San Juan Basin.

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As demands for water management solutions increase, service companies are looking for new ways to optimize their ability to recycle and store this water.

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As you know the US Oil Rig Count has dropped by over 20% from January to December 2019. In Texas we saw oil rigs count dropping over 30% in that same time frame.