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December 7, 2021

Permian Basin Unconventional (Prime Energy Corporation) TX Unconventional Oil Field, US

By Carmen

Permian Basin Unconventional (Prime Energy Corporation) TX is a producing unconventional oil field located onshore the US and is operated by PrimeEnergy Resources.

Field participation details

The field is owned by PrimeEnergy Resources.


Production from Permian Basin Unconventional (Prime Energy Corporation) TX

The Permian Basin Unconventional (Prime Energy Corporation) TX unconventional oil field recovered 10.97% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 24.6 thousand bpd of crude oil and condensate, 28 Mmcfd of natural gas and 2.82 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 112.11 Mmboe, comprised of 88.26 Mmbbl of crude oil & condensate, 82.14 bcf of natural gas reserves and 10.16 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Prime Energy Corporation) TX unconventional oil field reserves accounts 0.12% of total remaining reserves of producing unconventional oil fields globally.


About PrimeEnergy Resources

PrimeEnergy Resources Corp (PrimeEnergy), a subsidiary of Neo Solar Power Corp, is an oil and gas company that acquires, develops and produces oil and natural gas. The company owns and operates leasehold, mineral and royalty interests in producing and non-producing oil and gas properties across the US and in the Gulf of Mexico. It operates several oil and gas wells and also owns non-operating interests in additional wells. PrimeEnergy has off-shore operations in the Gulf of Mexico. The company operates through its offices located in Midland, Texas, Oklahoma City, Oklahoma and Charleston, West Virginia, among others. PrimeEnergy 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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