The Delaware Basin
The Delaware Basin is the western portion of the Permian Basin and has been one of the most active areas for horizontal drilling in recent years. The basin contains multiple productive zones, including the Bone Spring and Wolfcamp formations. Operators have been able to develop several layers of reservoirs from a single drilling pad, which has significantly improved the economics of development.
About the Delaware Basin
Implementing hydraulic fracturing, horizontal drilling, and completion technology advancements during the past decade has reversed the production drop in the Permian, and the basin has exceeded its previous peak in the early 1970s. In 2017, it accounted for 20% of the total U.S. crude oil production and about 9% of the total U.S. dry natural gas production.
Delaware Basin Highlights
Industry titans like ExxonMobil, Chevron USA, EOG Resources and Concho are pumping billions of dollars into this area, which holds some of the most-productive oilfield geology in the nation and mature infrastructure that allows producers to get oil, natural gas and natural gas liquids to the market.
- 100% Developmental Drilling - No Wildcatting
- Multiple Potential Pay Zones
- Fully Developed Infrastructure
- Minimal Dry Hole Risk
Oil Investments Are A Great Opportunity
