Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
December 3, 2021

Permian Basin Conventional (Occidental Petroleum Corporation) TX Conventional Oil Field, US

By Carmen

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.


Production from Permian Basin Conventional (Occidental Petroleum Corporation) TX

The Permian Basin Conventional (Occidental Petroleum Corporation) TX conventional oil field recovered 53.77% 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 609.77 Mmboe, comprised of 452.23 Mmbbl of crude oil & condensate, 71.8 bcf of natural gas reserves and 145.57 Mmbbl of natural gas liquid reserves. Permian Basin Conventional (Occidental Petroleum Corporation) TX conventional oil field reserves accounts 0.13% 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.

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.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU