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December 3, 2021updated 15 Feb 2022 9:47am

Permian Basin Unconventional (Royal Dutch Shell Plc) TX Unconventional Oil Field, US

By Carmen

Permian Basin Unconventional (Royal Dutch Shell Plc) TX is a producing unconventional oil field located onshore the US and is operated by Royal Dutch Shell.

Field participation details

The field is owned by Royal Dutch Shell.


Production from Permian Basin Unconventional (Royal Dutch Shell Plc) TX

The Permian Basin Unconventional (Royal Dutch Shell Plc) TX unconventional oil field recovered 17.65% of its total recoverable reserves, with peak production expected in 2028. The peak production will approximately 307.45 thousand bpd of crude oil and condensate and 678 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 2,031.05 Mmboe, comprised of 1,610.04 Mmbbl of crude oil & condensate and 2,526.04 bcf of natural gas reserves. Permian Basin Unconventional (Royal Dutch Shell Plc) TX unconventional oil field reserves accounts 2.20% of total remaining reserves of producing unconventional oil fields globally.


About Royal Dutch Shell

Royal Dutch Shell Plc (Shell) is an integrated oil and gas company. The company explores for and produces oil and gas from conventional fields and sources such as tight rock, shale and coal formations. It operates refining and petrochemical complexes across the world. Shell’s product offerings include lubricants, bitumen and liquefied petroleum gas; and petrochemical products such as raw materials for plastics, coatings and detergents. The company is a major producer of biofuel in Brazil. It also has interests in various liquefied natural gas (LNG) and gas to liquids (GTL) projects. The company markets its products directly and indirectly through distributors in Europe, Asia, Oceania, Africa, North America and South America. Shell is headquartered in The Hague, the Netherlands.

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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