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December 3, 2021updated 27 Apr 2022 12:57pm

Permian Basin Unconventional (ConocoPhillips) NM Unconventional Oil Field, US

By Carmen

Permian Basin Unconventional (ConocoPhillips) NM is a producing unconventional oil field located onshore the US and is operated by ConocoPhillips.

Field participation details

The field is owned by ConocoPhillips.


Production from Permian Basin Unconventional (ConocoPhillips) NM

The Permian Basin Unconventional (ConocoPhillips) NM unconventional oil field recovered 0.84% of its total recoverable reserves, with peak production expected in 2028. The peak production will approximately 277.55 thousand bpd of crude oil and condensate, 538 Mmcfd of natural gas and 2.4 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2070. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 3,231.7 Mmboe, comprised of 2,204.9 Mmbbl of crude oil & condensate, 6,054 bcf of natural gas reserves and 17.79 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (ConocoPhillips) NM unconventional oil field reserves accounts 3.99% of total remaining reserves of producing unconventional oil fields globally.


About ConocoPhillips

ConocoPhillips is an independent upstream oil and gas company. The company explores, produce, transport and market crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids across the world. It has assets across North America, Africa, Europe, Asia and Australia. Its asset base includes resource rich North American shale and oil sands assets; lower risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a global conventional and unconventional exploration prospects. Its producing assets are in US, the UK, Norway, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, and Libya. ConocoPhillips 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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