Permian Basin Conventional (Occidental Petroleum Corporation) TX is a producing conventional oil field located onshore the US and is operated by Occidental Petroleum.
Field participation details
The field is owned by Occidental Petroleum.
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Production from Permian Basin Conventional (Occidental Petroleum Corporation) TX
The Permian Basin Conventional (Occidental Petroleum Corporation) TX conventional oil field recovered 58.45% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 146.21 thousand bpd of crude oil and condensate, 46 Mmcfd of natural gas and 37.49 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 548.11 Mmboe, comprised of 405.33 Mmbbl of crude oil & condensate, 59.86 bcf of natural gas reserves and 132.81 Mmbbl of natural gas liquid reserves. Permian Basin Conventional (Occidental Petroleum Corporation) TX conventional oil field reserves accounts 0.12% of total remaining reserves of producing conventional oil fields globally.
About Occidental Petroleum
Occidental Petroleum Corp (Occidental) is an oil and gas exploration and production company with integrated assets. It explores for, develops and produces oil, natural gas liquids (NGLs), natural gas and condensate. The company gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. Occidental also manufactures and markets basic chemicals and vinyls. The company also trades around its assets, including transportation and storage capacity. In US, the company operates in has operations in Texas, New Mexico, Colorado, Wyoming and Utah. It has operations in the US, Middle East and Latin America. Occidental is headquartered in Houston, Texas, the US.
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Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.
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