Permian Basin Unconventional (BP plc) TX is a producing unconventional oil field located onshore the US and is operated by BP.
Field participation details
The field is owned by BP.
Production from Permian Basin Unconventional (BP plc) TX
The Permian Basin Unconventional (BP plc) TX unconventional oil field recovered 19.76% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 20.79 thousand bpd of crude oil and condensate, 190 Mmcfd of natural gas and 9.7 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2053.
Remaining recoverable reserves
The field is expected to recover 272.58 Mmboe, comprised of 91.07 Mmbbl of crude oil & condensate, 834.1 bcf of natural gas reserves and 42.5 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (BP plc) TX unconventional oil field reserves accounts 0.34% of total remaining reserves of producing unconventional oil fields globally.
BP Plc (BP) is an integrated oil and gas company. Its upstream operations include exploration, development and production of oil and natural gas, field development and production; and midstream operations include transportation, and marketing and trading of natural gas, including liquefied natural gas (LNG), and natural gas liquids (NGLs). The company’s downstream operations include marketing, transportation, refining, manufacturing, supply and trading of crude oil, petroleum, petrochemical products and provision of related services to wholesale and retail customers. BP provides fuel, energy, lubricants and petrochemicals to customers. The company has operational presence in Africa, Asia, Europe, Australasia, North America and South America. BP is headquartered in London, the UK.
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.