E Better Permian Breakevens Pressure OPEC

The Midland Basin (part of the Permian Basin, which straddles Texas and New Mexico) has some of the best economics in the country and it continues to influence world oil prices. We have provided average type curves by operator in the graph below.

(Source: Welldatabase.com)

Exxon (NYSE:XOM), RSP Permian (NYSE:RSPP), Pioneer (NYSE:PXD), and Parsley (NYSE:PE) are just a few of the names included. Total production by operator is shown below for the time frames provided.

Name

Well Count

CUM Gas (MCF)

CUM Oil (BBL)

PIONEER NATURAL RES.

92

12,358,879

9,343,536

XTO ENERGY, INC.

65

7,536,419

4,404,378

CHEVRON USA, INC. (NYSE:CVX)

28

2,991,988

2,389,463

RSP PERMIAN, LLC

20

712,689

1,134,696

CALLON PETROLEUM (NYSE:CPE)

17

1,454,733

1,348,784

DIAMONDBACK E&P (NASDAQ:FANG)

13

810,714

1,510,360

ENCANA OIL & GAS (NYSE:ECA)

10

2,807,849

1,180,414

APACHE CORPORATION (NYSE:APA)

8

1,324,208

413,917

COG OPERATING LLC (NYSE:CXO)

7

533,940

621,690

OXY USA WTP LP (NYSE:OXY)

5

74,902

159,435

ENDEAVOR ENERGY RES

4

614,353

501,336

OCCIDENTAL PERMIAN LTD.

4

143,662

474,176

DISCOVERY OPERATING, INC.

2

626,035

231,875

HUNT OIL COMPANY

2

173,698

105,803

LARIO OIL & GAS COMPANY

2

609,497

406,516

PARSLEY ENERGY OPERATIONS

2

300,665

187,143

BOLD OPERATING, LLC

1

67,054

66,067

DE OPERATING LLC

1

1,004

140

ENERGEN RESOURCES CORP (NYSE:EGN)

1

107,601

90,951

HENRY RESOURCES LLC

1

77,849

106,876

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Disclosure: Data for the above article is provided by welldatabase.com. This article is limited to the dissemination of general information pertaining to its advisory services, together with access ...

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