Permian Resources is making notable strides in the oil and gas industry, particularly in the Delaware Basin of Texas. With a focus on counties such as Loving, Winkler, Ward, and Reeves, they have significantly improved its drilling and completion times.
This update explores the efficiency gains, detailed activities in key drilling blocks, and the anticipated developments in their Texas operations. Discover how Permian Resources is leveraging high-quality assets to drive growth and enhance productivity in this critical region.
Permian Resources Block Review
Here’s a summary of the key points in the video:
- Delaware Basin Focus: Premium Resources, operates in the Delaware Basin, with significant acreage in both New Mexico and Texas. The Texas counties of interest include Loving, Winkler, Ward, and Reeves.
- Drilling Efficiency: There has been a significant improvement in drilling efficiency, reducing the time from 22 days to 18 days, and in completions from six days to three days. This improvement is attributed to high-quality drilling rigs and assets.
- Drilling Blocks Reviewed:
- Block 50T7: Two drilling rigs (HP 493 and HP 489) are active, focusing on the Wolfberry trend. The block has a saltwater disposal facility transferred from Oxy.
- Block 48: Features two rigs (Noram Fleet 28 and 25) with activity starting in late spring, targeting the Strawberry trend at a depth of 7,700 feet.
- Block 5: Has one well pending with rigs H&P 602 and H&P 615, targeting two different fields at a depth of 11,000 feet.
- Block C3: Licensed and pending drilling in the Phantom Wolfcamp, also targeting a depth of 11,000 feet. Increased permit activity is expected in the next 30 days.
If you have any questions about the drilling programs or the specific blocks, you can contact Oilgasleads.com.
