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December 3, 2021

Permian Basin Unconventional (EOG Resources, Inc.) TX Unconventional Oil Field, US

By Carmen

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

Field participation details

The field is owned by EOG Resources.


Production from Permian Basin Unconventional (EOG Resources, Inc.) TX

The Permian Basin Unconventional (EOG Resources, Inc.) TX unconventional oil field recovered 22.82% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 123.34 thousand bpd of crude oil and condensate, 386 Mmcfd of natural gas and 50.55 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 565.43 Mmboe, comprised of 295.31 Mmbbl of crude oil & condensate, 816.08 bcf of natural gas reserves and 134.11 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (EOG Resources, Inc.) TX unconventional oil field reserves accounts 0.61% of total remaining reserves of producing unconventional oil fields globally.


About EOG Resources

EOG Resources Inc (EOG) is an independent upstream oil and gas company. The company, along with its subsidiaries, explores for, develops and produces crude oil and natural gas. EOG has operations in the US, Canada, Trinidad, the UK, and China. Its holds licenses for assets in in Eagle Ford, Bakken, Rocky Mountain, Permian Basin, Gulf Coast, Anadarko Basin, and Barnett Shale among others in the US; South East Coast Consortium (SECC) block, Trindad; and Chuan zhong Block exploration in the Sichuan Basin in China. EOG 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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