Permian Basin Unconventional (Diamondback Energy, Inc.) TX is a producing unconventional oil field located onshore the US and is operated by Diamondback Energy.
Field participation details
The field is owned by Diamondback Energy.
Production from Permian Basin Unconventional (Diamondback Energy, Inc.) TX
The Permian Basin Unconventional (Diamondback Energy, Inc.) TX unconventional oil field recovered 9.46% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 395.23 thousand bpd of crude oil and condensate, 940 Mmcfd of natural gas and 113.76 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2099. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 4,193.41 Mmboe, comprised of 2,487.6 Mmbbl of crude oil & condensate, 5,962.62 bcf of natural gas reserves and 712.03 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Diamondback Energy, Inc.) TX unconventional oil field reserves accounts 5.18% of total remaining reserves of producing unconventional oil fields globally.
About Diamondback Energy
Diamondback Energy Inc (Diamondback Energy) operates as an oil and gas company that offers exploration and development programs. The company acquires, develops, explores and exploits unconventional, onshore oil and natural gas reserves in Permian Basin in West Texas. It develops the reserves and production through exploitation and exploration activities, development drilling, and acquisitions, targeting the oil-weighted reserves. Diamondback Energy’s Wolfberry play assets have high oil and liquids rich natural gas. The company operates in , Wolfcamp, Cline, Bone Spring, Spraberry, Strawn and Atoka formations. Diamondback Energy is headquartered in Midland, 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.
