Steward Energy

Website

Website

Address

2600 Dallas Parkway, Suite 400
Frisco, TX 75034

Phone

214.297.0500

Company Description

Steward Energy is an independent exploration and production (E&P) company engaged in the exploration, development, and acquisition of oil and gas properties located in the Permian Basin.

Headquartered in Frisco, Texas, and currently holding over 100,000 acres in Texas & New Mexico, we are focused on creating value through the development of repeatable, low-cost drilling opportunities in North America’s premier basin.

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.

The Central Basin Platform (CBP) is a tectonically uplifted basement block capped by a carbonate platform. The CBP separates the Delaware and Midland Basins and is subdivided into several formations, from oldest to youngest Neal Ranch, Lennox Hills, Abo, Yeso, Glorieta, San Andres, Grayburg, Queen, Seven Rivers, Yates, and Tansill Formations . The sequence mainly comprises carbonate reef deposits and shallow marine clastic sediments