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December 7, 2021

Permian Basin Unconventional (Earthstone Energy,Inc.) TX Unconventional Oil Field, US

By Carmen

Permian Basin Unconventional (Earthstone Energy,Inc.) TX is a producing unconventional oil field located onshore the US and is operated by Earthstone Energy.

Field participation details

The field is owned by Earthstone Energy.


Production from Permian Basin Unconventional (Earthstone Energy,Inc.) TX

The Permian Basin Unconventional (Earthstone Energy,Inc.) TX unconventional oil field recovered 10.62% of its total recoverable reserves, with peak production expected in 2025. The peak production will approximately 32.22 thousand bpd of crude oil and condensate, 43 Mmcfd of natural gas and 8.17 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043.


Remaining recoverable reserves

The field is expected to recover 159.73 Mmboe, comprised of 100 Mmbbl of crude oil & condensate, 152.14 bcf of natural gas reserves and 34.37 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Earthstone Energy,Inc.) TX unconventional oil field reserves accounts 0.17% of total remaining reserves of producing unconventional oil fields globally.


About Earthstone Energy

Earthstone Energy Inc (Earthstone Energy), formerly Basic Earth Science Systems Inc is an independent oil and gas company that offers acquisition, exploration, production and development of oil and gas properties. The company’s activities include acquiring, drilling, developing and producing undeveloped leases, purchasing oil and natural gas reserves, and conducting exploration activities. Its assets are located in the Midland Basin of west Texas, the Eagle Ford trend of south Texas and in the Williston Basin of North Dakota. The company operates through its offices located in Texas and Colorado, the US. Earthstone Energy is headquartered in the The Woodlands, 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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