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December 3, 2021

Permian Basin Unconventional (Sm Energy Company) TX Unconventional Oil Field, US

By Carmen

Permian Basin Unconventional (Sm Energy Company) TX is a producing unconventional oil field located onshore the US and is operated by SM Energy.

Field participation details

The field is owned by SM Energy.


Production from Permian Basin Unconventional (Sm Energy Company) TX

The Permian Basin Unconventional (Sm Energy Company) TX unconventional oil field recovered 16.81% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 155.02 thousand bpd of crude oil and condensate and 146 Mmcfd of natural gas. 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 659.51 Mmboe, comprised of 569.23 Mmbbl of crude oil & condensate and 541.64 bcf of natural gas reserves. Permian Basin Unconventional (Sm Energy Company) TX unconventional oil field reserves accounts 0.71% of total remaining reserves of producing unconventional oil fields globally.


About SM Energy

SM Energy Co (SM Energy) is an independent upstream oil and gas company that carries out the acquisition, exploration, development, and production of crude oil, natural gas and natural gas liquids (NGLs) in onshore North America. Its operations are concentrated in two onshore operating areas namely, South Texas and Gulf Coast, and the Permian region. The company focuses on developing assets in Eagle Ford shale, Bakken/Three Forks and Permian basin resource plays. It also focuses on delineation and exploration program at the Midland Basin position in western Texas. The company has offices in Texas and Colorado. SM 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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