Permian Basin Unconventional (Occidental Petroleum Corporation) TX is a producing unconventional oil field located onshore the US and is operated by Occidental Petroleum.
Field participation details
The field is owned by Occidental Petroleum.
Production from Permian Basin Unconventional (Occidental Petroleum Corporation) TX
The Permian Basin Unconventional (Occidental Petroleum Corporation) TX unconventional oil field recovered 41.77% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 170.58 thousand bpd of crude oil and condensate, 378 Mmcfd of natural gas and 72.7 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2042. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 785.26 Mmboe, comprised of 513.04 Mmbbl of crude oil & condensate, 743.76 bcf of natural gas reserves and 148.26 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Occidental Petroleum Corporation) TX unconventional oil field reserves accounts 0.97% of total remaining reserves of producing unconventional oil fields globally.
About Occidental Petroleum
Occidental Petroleum Corp (Occidental) is an oil and gas exploration and production company with integrated assets. It explores for, develops and produces oil, natural gas liquids (NGLs), natural gas and condensate. The company gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. Occidental also manufactures and markets basic chemicals and vinyls. The company also trades around its assets, including transportation and storage capacity. In US, the company operates in has operations in Texas, New Mexico, Colorado, Wyoming and Utah. It has operations in the US, Middle East and Latin America. Occidental is headquartered in Houston, Texas, the US.
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.