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December 7, 2021updated 27 Apr 2022 12:47pm

Permian Basin Unconventional (Petroleum Development Corporation) TX Unconventional Oil Field, US

By Carmen

Permian Basin Unconventional (Petroleum Development Corporation) TX is a producing unconventional oil field located onshore the US and is operated by PDC Energy.

Field participation details

The field is owned by PDC Energy.


Production from Permian Basin Unconventional (Petroleum Development Corporation) TX

The Permian Basin Unconventional (Petroleum Development Corporation) TX unconventional oil field recovered 38.03% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 17.09 thousand bpd of crude oil and condensate, 88 Mmcfd of natural gas and 9.95 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2042.


Remaining recoverable reserves

The field is expected to recover 98.05 Mmboe, comprised of 53.28 Mmbbl of crude oil & condensate, 170.06 bcf of natural gas reserves and 16.43 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Petroleum Development Corporation) TX unconventional oil field reserves accounts 0.12% of total remaining reserves of producing unconventional oil fields globally.


About PDC Energy

PDC Energy Inc (PDC Energy) is an oil and gas company. It is involved in production, development, exploration and marketing of crude oil, natural gas and natural gas liquids. The company provides horizontal drilling and low-risk organic development of oil and natural gas reserves from shales and tight reservoir rocks. It owns and operates interests in gross productive wells. The company also offers Codell development in the liquid-rich Wattenberg fields. PDC Energy transports natural gas and crude oil through pipelines. It operating areas includes Wattenberg Field in Colorado and the Delaware Basin in West Texas. PDC Energy is headquartered in Denver, Colorado, 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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