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December 3, 2021updated 27 Apr 2022 12:42pm

Permian Basin Unconventional (Apache Corporation) TX Unconventional Oil Field, US

By Carmen

Permian Basin Unconventional (Apache Corporation) TX is a producing unconventional oil field located onshore the US and is operated by Apache .

Field participation details

The field is owned by Apache .


Production from Permian Basin Unconventional (Apache Corporation) TX

The Permian Basin Unconventional (Apache Corporation) TX unconventional oil field recovered 46.07% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 78.46 thousand bpd of crude oil and condensate, 667 Mmcfd of natural gas and 65.91 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 763.44 Mmboe, comprised of 267.7 Mmbbl of crude oil & condensate, 1,843.57 bcf of natural gas reserves and 188.48 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Apache Corporation) TX unconventional oil field reserves accounts 0.94% of total remaining reserves of producing unconventional oil fields globally.


About Apache

Apache Corp (Apache ), a subsidiary of APA Corp, carries out the exploration, development and production of natural gas, crude oil and natural gas liquids. It operates onshore and offshore asset bases consisting of operations in the Gulf Coast and the offshore Gulf of Mexico area in the US. It also operates assets in Egypt and offshore UK in the North Sea. The company owns exploration and production interests in Central Basin Platform/Northwest Shelf, Midland Basin, Delaware Basin and Eagle Ford shale. It serves refiners, and marketing, transportation and integrated major oil companies. Apache 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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