2014 Permian Basin Wolfcamp Techbook
Permian Basin Wolfcamp Techbook
Permian Basin resource plays are set to see production growth that continues the renaissance transforming the area. Hart Energy forecasts 1.2 MMboe/d of Permian production growth by 2025, with oil and NGLs contributing ~1 million bbl/d. That nearly doubles today's 1.5 MMbbl/d. Production will ramp up from unconventional drilling with solid margins because most wellsâ breakeven oil price is below $70/bbl. Economics like these economics help explain the upward trend in Permian activity and capital budgets.
Table of Contents
004 | OVERVIEW - Permian Reclaims Primacy in Oil Production
Closing in on a century of production, the Permian now leads in liftings and rigs.
020 | PAD DRILLING- The Permian Pad Paradigm Shift
The move to horizontal drilling of multiple stacked formations from a single well site is revitalizing the Permian Basin.
036 | KEY PLAYERS - Wolfcamp Boosting Operators' Outlook
Stacked pay zones in the Permian Basin are the gift that keeps on giving as billions of dollars develop the region.
058 | COMPLETIONS - Finding the Sweet Spots
A variety of measurement tools can help operators land their completions more effectively.
068| TECHNOLOGY - Greater Efficiencies, Cost-Effective Solutions Realized
New technology advances bring challenging Permian Basin Shales within reach.
080| EXPERTS ROUNDTABLE - Experts Chime in on the Thriving Activity in the Permian
The Permian Basin accounter for 18% of total U.S. Crude oil production in 2013, according to the EIA.