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December 7, 2021

Permian Basin Unconventional (Laredo Petroleum, Inc.) TX Unconventional Gas Field, US

By Carmen

Permian Basin Unconventional (Laredo Petroleum, Inc.) TX is a producing unconventional gas field located onshore the US and is operated by Laredo Petroleum.

Field participation details

The field is owned by Laredo Petroleum.


Production from Permian Basin Unconventional (Laredo Petroleum, Inc.) TX

The Permian Basin Unconventional (Laredo Petroleum, Inc.) TX unconventional gas field recovered 42.98% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 35.8 thousand bpd of crude oil and condensate, 255 Mmcfd of natural gas and 38.67 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039.


Remaining recoverable reserves

The field is expected to recover 317.09 Mmboe, comprised of 134.24 Mmbbl of crude oil & condensate, 546.63 bcf of natural gas reserves and 91.75 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Laredo Petroleum, Inc.) TX unconventional gas field reserves accounts 0.25% of total remaining reserves of producing unconventional gas fields globally.


About Laredo Petroleum

Laredo Petroleum Inc (Laredo) is an independent energy company that acquires, explores, develops and produces oil and natural gas properties. It also gathers oil and liquids-rich natural gas from its properties, and offers midstream and marketing services. The company has operations in the Permian Basin in West Texas, which consists of four horizontal drilling targets namely, Upper, Middle and Lower Wolfcamp and Cline formations. It also operates secondary targets such as the Canyon, Spraberry, Strawn and ABW intervals. The company operates water recycling facilities, crude oil and natural gas gathering pipelines for connecting its operated wells at the Permian-Garden City. Laredo is headquartered in Tulsa, 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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