oil & gas assets

Permian Scout

Serving the local market with drilling activities, permits & multiple listings

Permian Scout
PLS publishes exploration news and drilling insights in West Texas and Southeast New Mexico through our Permian Scout.

Published every two (2) weeks, this regional report (RRC 7C, 8, & 8A) includes lead stories on drilling activity, successes and new projects while also reporting on drilling rigs, new permits, completions and P&A activity.

  • Stay in front of local prospects, plays & rigs!
  • West Texas, Southeast New Mexico
  • Hard Copy and Email For 1 Individual
  • Every 2 Weeks (22-25 issues per year)
  • Regional discoveries, drilling activity, permits,
    completions and summary drilling statistics, layered
    with regional listings and business opportunities.
  • Web access to the Permian Scout archive.
  • Does not include access to MLS


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Headline
Publication
News Date
PS - Exxon to drastically accelerate Permian growth plans - March 2019
In January 2018, ExxonMobil laid down aggressive growth plans for its Permian Basin assets, with production forecast to hit 600,000 bo/d by 2025. After doubling its output from these assets in 2018, the company has drastically revised those plans upward. Now Exxon’s net Permian volumes are projected to exceed 1 MMbo/d by as early as 2024. Exxon has more than 1.6 million acres in the Permian that are mostly contiguous, which will allow for multi-well pads in large development corridors...
Mar 20, 2019
PS - Chevron boosts Permian resources 75% in two years - March 2019
Over the last two years, Chevron has nearly doubled its Permian resource potential from 9.3 Bboe to 16.2 Bboe at YE18, with ~5 Bboe added in 2018 alone. The company credits continued appraisal success, improved drilling and completion performance, ongoing land optimization and ever-improving technology that have allowed it to characterize more benches. Chevron holds 2.2 million net acres in the play, including 1.7 million unconventional net acres. Between 2017 and 2018 the company...
Mar 20, 2019
PS - Regional Highlights - March 20, 2019
The EIA projects Permian production will sequentially rise 40,000 bo/d and 216 MMcf/d to totals of 4.177 MMbo/d and 14.075 Bcf/d in April. In February, the number of DUCs in the Permian rose 88 to a total of...
Mar 20, 2019
PS - Occidental Highlights - March 20, 2019
In Lea County, New Mexico, Occidental Petroleum’s Lost Tank 30 19 Federal Com #31H was drilled with a 9,951-ft lateral and completed in 50 stages with slickwater fracs and 24.9 MMlb sand. During an initial 24-hour test, the well flowed 4,671 boe/d (76% oil), or 469 boe/d per 1,000 lateral ft, from the Wolfcamp on a 17/64-inch choke. This is Oxy’s second-highest IP24 in Lea County and its sixth highest IP in the...
Mar 20, 2019
PS - Pioneer Natural Resources Highlights - March 20, 2019
At the end of December, Pioneer Natural Resources brought online a well in Martin County, Texas, that flowed its highest IP24 rate to date in the Permian. Located in the Trend area, the Epley E7N #114H was drilled with a 10,037-ft lateral and tested at 4,323 boe/d (91% oil), or 431 boe/d per 1,000 lateral...
Mar 20, 2019
PS - Chevron Highlights - March 20, 2019
Setting a company record for an IP24 rate in the Permian, Chevron’s C Scharbauer #36LS (10,154-ft lateral) tested at 3,490 boe/d (91% oil), or 344 boe/d per 1,000 lateral ft, from the Consolidated on a 2-inch choke at 393 psi FTP. The well is in Midland County and was completed at the beginning of December. The company’s top IPs have consistently been in Midland...
Mar 20, 2019
PS - SM Energy Highlights - March 20, 2019
In its RockStar area in the Midland Basin, SM Energy brought online 29 wells during 4Q18 with laterals averaging 10,523 ft. The wells are tracking above previous wells at 210 days and produced peak 30-day IPs averaging 1,417 boe/d (89% oil) from three intervals across the position. Most recently among the company's top-tier results, four Wolfcamp A wells on the Beesly pad produced 2,000 boe/d...
Mar 20, 2019
Jagged Peak lowers F&D costs, boosts output & reserves
Jagged Peak Energy’s 2018 operational program resulted in significant production and reserves growth and improved operating margins. Q4 output grew 6% sequentially and 60% YOY to 38,400 boe/d (76% oil), and full-year 2018 output averaged 34,200 boe/d, up 102% YOY. YE18 proved reserves were booked at 118.9 MMboe (60% proved developed), which is up 44% versus YE17 and represents a reserve replacement ratio of 393%. Organic proved developed reserve finding and development costs fell...
Mar 06, 2019
Parsley achieves record efficiency after trimming activity - Permian Scout
Parsley Energy achieved record completion efficiency during Q4, completing more than 400,000 ft of lateral. This came despite reduced activity, as the company cut its rig count by two to 14 and trimmed completions crews from five to four. Primarily in the Midland Basin, Parsley spudded 38 wells and placed 43 wells online, with laterals averaging 9,300 ft. Q4 output grew 5% versus Q3 and 50% YOY to an average of 77,000 boe/d. Notable wells during the quarter include a 3-mile lateral in...
Mar 06, 2019
PS - Luxe Operating Highlights - March 06, 2019
In Reeves County, Texas, Luxe Operating’s Angels Envy 4-3W Unit #1H (10,182-ft lateral) tested at a 24-hour IP rate of 6,978 boe/d (81% oil) from the Wolfcamp on a 1-inch choke at 1,305 psi FTP. This is Luxe’s top IP24 to date and a top-10 Wolfcamp IP24 for the county...
Mar 06, 2019

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