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December 3, 2021

Permian Basin Unconventional (Devon Energy Corporation) NM Unconventional Oil Field, US

By Carmen

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

Field participation details

The field is owned by Devon Energy.


Production from Permian Basin Unconventional (Devon Energy Corporation) NM

The Permian Basin Unconventional (Devon Energy Corporation) NM unconventional oil field recovered 21.17% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 211.89 thousand bpd of crude oil and condensate, 303 Mmcfd of natural gas and 44.12 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1,176.71 Mmboe, comprised of 786.96 Mmbbl of crude oil & condensate, 1,247.39 bcf of natural gas reserves and 181.85 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Devon Energy Corporation) NM unconventional oil field reserves accounts 1.27% of total remaining reserves of producing unconventional oil fields globally.


About Devon Energy

Devon Energy Corp (Devon Energy) is an independent energy company. It carries out exploration, development, and production of oil, natural gas and natural gas liquids (NGLs). The company has operations in onshore areas of the US. Devon Energy’s US assets are located in Eagle Ford, Delaware Basin, the Rockies, and the STACK Counties. Eagle Ford assets are located in DeWitt county in south Texas. In Delaware Basin, Devon Energy focuses on oil-rich Bone Spring, Wolfcamp and Leonard formations. The company’s STACK assets are located in Oklahoma’s Canadian, Kingfisher and Blaine counties. Devon Energy is headquartered in Oklahoma City, Oklahoma, 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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