Novo Oil & Gas

Website

Address

105 N Hudson Ave Ste 500

Oklahoma City, OK

73102-4802 United States

Phone

(405) 609-1625

Company Description

Based in Oklahoma City, Novo Oil & Gas is a privately held oil and gas company dedicated to creating value using innovative exploration, drilling and completion techniques. Novo is led by a management team with a proven track record of successful value creation and technical expertise. Our company is focused on the pursuit and development of assets in the Northern Delaware Basin of Southeast New Mexico, a region of high-quality, liquids rich, stacked pay zones.

Operations

The Permian Basin, which spans western Texas and eastern New Mexico, represents the most prolific hydrocarbon production region in the United States. They accounted for about 30% of U.S. crude oil production and 14% of U.S. natural gas production (measured as gross withdrawals) in 2020. Technology innovations, such as longer lateral wells and multi-well pad drilling, has helped reduce costs and increase productivity in developing oil and natural gas resources in the Permian Basin.

Delaware Basin is a hydrocarbon rich sedimentary basin that lies within the Permian Basin. The Delaware Basin covers around 6.4 million acres in far West Texas and South Eastern New Mexico. It is located in an arid southwestern portion of the United States of America