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December 7, 2021

Permian Basin Unconventional (Sheridan Production Company, Llc) TX Unconventional Oil Field, US

By Carmen

Permian Basin Unconventional (Sheridan Production Company, Llc) TX is a producing unconventional oil field located onshore the US and is operated by Sheridan Production.

Field participation details

The field is owned by Sheridan Production.


Production from Permian Basin Unconventional (Sheridan Production Company, Llc) TX

The Permian Basin Unconventional (Sheridan Production Company, Llc) TX unconventional oil field recovered 73.16% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 15.3 thousand bpd of crude oil and condensate and 41 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040.


Remaining recoverable reserves

The field is expected to recover 16.75 Mmboe, comprised of 11.87 Mmbbl of crude oil & condensate, 29.2 bcf of natural gas reserves and 0.01 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Sheridan Production Company, Llc) TX unconventional oil field reserves accounts 0.02% of total remaining reserves of producing unconventional oil fields globally.


About Sheridan Production

Sheridan Production Co LLC (Sheridan) is an oil and gas company. It also offers production management and day to day operation, cost control, performance management and operational excellence services The company acquires and explores a portfolio of oil and gas properties in the Permian Basin of West Texas, Southern Oklahoma, Oklahoma Panhandle, New Mexico, and the Texas Gulf Coast and Wyoming. It also acquires mature producing properties in onshore basins in the US. The company has operations in Midland, Houston and Gillette, the US. Sheridan 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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