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December 7, 2021

Permian Basin Conventional (Sheridan Production Company, Llc) TX Conventional Oil Field, US

By Carmen

Permian Basin Conventional (Sheridan Production Company, Llc) TX is a producing conventional oil field located onshore the US and is operated by Sheridan Production.

Field participation details

The field is owned by Sheridan Production.


Production from Permian Basin Conventional (Sheridan Production Company, Llc) TX

The Permian Basin Conventional (Sheridan Production Company, Llc) TX conventional oil field recovered 99.37% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 6.5 thousand bpd of crude oil and condensate and 10 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2024.


Remaining recoverable reserves

The field is expected to recover 0.14 Mmboe, comprised of 0.11 Mmbbl of crude oil & condensate and 0.19 bcf of natural gas reserves.


About Sheridan Production

Sheridan Production Co LLC (Sheridan) is an oil and gas company. It also offers production management and day to day operation, cost control, performance management and operational excellence services The company acquires and explores a portfolio of oil and gas properties in the Permian Basin of West Texas, Southern Oklahoma, Oklahoma Panhandle, New Mexico, and the Texas Gulf Coast and Wyoming. It also acquires mature producing properties in onshore basins in the US. The company has operations in Midland, Houston and Gillette, the US. Sheridan 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.

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