Introduction to the Permian Basin — Part 4: Major players (continued)

Market Realist

Continued from Part 3: Major players

Devon Energy (DVN)

Net Permian Acreage: ~1.3 million net acres
Number of Rigs Running in the Permian Basin: 29 operated rigs
2013 Permian Capex: $1.5 billion
Source: June 2013 Company Presentation

Approach Resources Inc (AREX)

Net Permian Acreage: 148,000 net acres
Proved Reserves in the Permian Basin : 95.5 million barrels of oil equivalent
Number of Rigs Running in the Permian Basin:  three horizontal rigs
2013 Permian Capex: $260 million
Source: June 2013 Company Presentation

 

EOG Resources (EOG)

Net Permian Acreage: 114,000 net acres
Proved Reserves in the Permian Basin: 95.5 million barrels of oil equivalent
Number of Rigs Running in the Permian Basin:  three horizontal rigs
2013 Permian Capex: $260 million
Source: June 2013 Company Presentation

 

More about the Permian Basin

Learn more about the Permian Basin and its economic significance in Part 5: Major players (continued), which will follow tomorrow.

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