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December 3, 2021

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

By Carmen

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

Field participation details

The field is owned by Chevron.


Production from Permian Basin Unconventional (Chevron Corporation) TX

The Permian Basin Unconventional (Chevron Corporation) TX unconventional oil field recovered 14.15% of its total recoverable reserves, with peak production expected in 2030. The peak production will approximately 646.07 thousand bpd of crude oil and condensate, 1,689 Mmcfd of natural gas and 148.55 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 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 4,664.2 Mmboe, comprised of 2,658.03 Mmbbl of crude oil & condensate, 7,309.74 bcf of natural gas reserves and 787.87 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Chevron Corporation) TX unconventional oil field reserves accounts 5.05% of total remaining reserves of producing unconventional oil fields globally.


About Chevron

Chevron Corp (Chevron) is an integrated oil and gas company. It operates in the oil and gas value chain including exploration and production, storage and pipeline transportation to refining, marketing and distribution of oil and gas products. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; and sells petrochemicals and additives. Chevron has interests in gas to liquid facilities in its operating regions. The company has operational presence in North America, South America, Europe, Asia, the Middle East and Africa. Chevron is headquartered in San Ramon, California, 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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