A case in point is the 50mileplus, 100mbdcapacity gathering system that a producermidstreamer joint venture has been building in the delaware basin along the texasnew mexico line. Anadarko petroleum said tuesday its pleased with initial drilling results in shale plays in texas and colorado, kallanish energy understands. Chevron to expand in permian basin, acquiring anadarko. The company averaged record net sales of 41,000 barrels of oilequivalent per day boed in the second quarter in the delaware basin of west texas. Assets in the permian basin are the us oil industrys equivalent of the iron throne in the tv show game of thrones. Guadalupe mountains national park and carlsbad caverns national park protect part of the basin. The companys 2017 guidance was revised down from 235 to 239 mmboe. Royal dutch shell and the woodlands anadarko petroleum feuded last year over spending and control of their permian basin joint venture in. Anadarko petroleum corporation announced its 2017 initial capital expectations and guidance. May 21, 2014 the delaware basin is manna for all the companies with properties in the area. In most basins the inner parts became sites of red bed deposition during the early. Several years ago, anadarko petroleum decided to simplify its onshore u.
Occidental petroleum corp and chevron corp, two of the largest oil and gas producers in the permian basin shale field by production volumes. Anadarko, an oil and gas production and exploration company, has assets in mozambique, the gulf of mexico and, significantly, in texas. Delaware basin geological feature, united states britannica. The electric power is generated from fuel gas sourced from nearby anadarko pipelines. Delaware basin midstream, llc filed as a foreign limited liability company llc in the state of texas on friday, april 1, 2011 and is approximately eight years old, as recorded in documents filed with texas secretary of state. Recovery efficiencies of these reservoirs have averaged only 14 percent since production began in the 1920s, and, thus, a substantial amount of. To the west and north, the basin shoals onto a broad shelf with subsurface basement depths of less than 5,000 ft. The delaware basin is a geologic depositional and structural basin in west texas and southern new mexico, famous for holding large oil fields and for a fossilized reef exposed at the surface. The region has experienced big gains in crude oil, natural gas and ngl production, and thats put stress on the permians already significant pipeline infrastructure and spurred the development of many new projects. In my previous post about anadarko, i pointed out that their current strategy towards the delaware basin is to defer completion until a later time they plan to run 4 rigs and 1 frac crew for. Ranges of barium concentrations at key water quality monitoring locations in the upper and middle delaware river basin. Its delaware basin assets in west texas averaged 75,000 bpd of oil production in q4 2018, with total volume averaging 127,000 boed in that quarter.
Thanks to the proven multistacked oil pay, the exploitation of the delaware basin is still at its infancy. Delaware basin midstream, llc explores and produces crude oil and natural gas. The acreage it retained in the delaware basin has been transformative for the. The delaware nation lenni lenape, anadarko, oklahoma. Oxy outmaneuvers competition in battle for anadarko as chevron walks away 050919. Devons operations in the delaware basin of southeast new mexico provide both oil and natural gas production from its core acreage position consisting of more than 250,000 net acres across multiple formations. In the delaware basin, the company focused on completing its extensive network of foundational infrastructure and began transitioning. Jun 06, 2016 because reeves county came up in my look at anadarko operations a few weeks back, i thought it would be a good time to take a look at activity in the texas portion of the delaware basin, and. It is part of the larger permian basin, itself contained within the midcontinent oil province. In 2017, anadarko began moving toward tankless wellsite facilities in the delaware basin as a means to improve the overall efficiency of operations, while significantly reducing surface impacts, truck traffic, and associated emissions. Delaware basin resources llc filed as a foreign limited liability company llc in the state of texas on wednesday, december 2, 2009 and is approximately eleven years old, as recorded in documents filed with texas secretary of state. Anadarko slowly wraps up shell jv in delaware basin hart. In 2017, anadarko advanced several foundational components of the delaware basin value chain, securing locally sourced sand, basin takeaway capacity and making significant progress on the extensive infrastructure. In the heart of the permians delaware basin, anadarkos acreage yellow sits amid chevrons.
Western gas partners, lp wes is a growthoriented delaware master limited partnership formed by anadarko petroleum corporation to acquire, own, develop and operate midstream energy assets. Assessment of undiscovered oil and gas resources of the. A in the northern delaware basin primarily lea and eddy counties in new mexico, 39 new wells had at least 30 days of production by the end of. Anadarkos delaware basin position is 589,000 gross acres and holds 8,500 feet of stacked oil potential. Anadarko petroleum earnings higher with delaware basin production. By the end of the 20th century, the anadarko basin was producing the. Anadarko basin the anadarko may be an oldie, but its still a goodie in u. The basin covers an area of 50,000 square miles,000 km 2. The anadarko basin was a subsiding tectonic feature throughout the paleozoic era. Conventional and unconventional petroleum systems of the. As companies step up drilling operations, they are continually applying lessons learned and redefining best practices to. Approximately 70,000 square miles in size sedimentary column approaches 40,000 feet in thickness in deepest portion of basin production comes from cambro ordovician through permian strata estimated cumulative production of more than 125 trillion cubic. Clearly, a large driver of the deal is anadarko s prized position in the delaware basin where chevron increases its position by 240,000 net acres to over 1,400,000 net acres, said andrew dittmar. Dec 02, 2009 delaware basin resources llc overview.
The permian basin has attracted more than its share of midstream startup companies over the past few years, and for good reason. Western gas partners announced the acquisition of anadarkos 50% interest in the delaware basin jv gathering system and released the companys q4 results. Geological survey from 2011 estimates the anadarko basin to have 495 million barrels of oil, 27. Anadarko petro and chesapeake announce jv in the deep. About the delaware basin the delaware basin is an extension of the larger permian basin, one of the most prolific and longproducing oil basins in. The permian basins stacked pays and favorable economics make it the choicest real estate in the world for developing oilrich horizontal resource plays, as evidenced by the number of bigdollar acreage acquisitions all across the basin in recent months.
It is projecting yearend 2017 oil production in the dj basin to be about 100,000 barrels per day, a 30% increase over 2016, and about 50,000 barrels of oil per day in the delaware basin, an 80% jump from 2016, anadarko said. Anadarko trims spending for 2018 houston business journal. The anadarko basin is located in western oklahoma, southeastern colorado, western kansas and the northeastern portion of the texas panhandle. Built two acreage positions in the delaware basin 8,500 net acres 4,000 leased 300 boepd production sold block 45 position dec. According to anadarko petroleum apc, the companys delaware basin position is three times the size of its contiguous core dj basin footprint and holds 8,500 feet of stacked oil potential. The company expects total oil sales volume to increase more than 50 percent in the delaware basin and by about 30 percent in the dj basin compared to. As the operator for approximately 70 percent of our delaware basin leasehold, we have significant size, scale, control and flexibility to be an anchor tenant on several pipeline projects to ensure hydrocarbontakeaway from the basin and improve wellhead margins. Western gas partners acquires anadarkos interest in delaware. Anadarkos oil sales volume in the delaware and dj basins increased approximately 71% and 17% year over year,respectively. To further strengthen its baseline dataset, drbc is currently working with the academy to reanalyze srmp samples collected in 2011 for. Anadarko focused on oil in delaware basin, dj basin. In an effort to fully test the electric concept, we also partnered with schlumberger in using their electric wireline unit on that particular pad. Anadarko petroleum corporation is an independent exploration.
Anadarko ended the second quarter with production of 45,000 boed in the delaware basin. A corporate filing is called a foreign filing when an existing corporate entity files in a state other than the state they. Flow from the wellhead through temporary flowback equipment to a permanent separator. Jul 12, 2007 anadarko petro and chesapeake announce jv in the deep haley area of the delaware basin in west texas. Delaware basin midstream, llc company profile houston. Our data undergoes extensive quality assurance testing with over 2,000 discrete checks for validity and reliability. Slope and basin clastic reservoirs in sandstones of the delaware mountain group in the delaware basin of west texas and new mexico contained more than 1. Anadarko began its electric fracture fleet pilot with usws on a 12 well pad in the dj basin in september 2015. New mexico geological society guidebook, 31st field conference, transpecos region, 1980 105 a regional geological and geophysical study of the delaware basin, new mexico and west texas g. Fax 6098839522 thanks to nj for hosting the drbc website. Box 7360, west trenton, nj 086280360 phone 6098839500. Reservoir characterization, delaware basin, project summary. Three companies are betting on the spraberrywolfcamp in texas permiandelaware basin.
Apc says its in the final stages of securing a 70% operatorship stake in the delaware basin acreage that, until this month, it shared in a joint venture jv with royal dutch shell plc nyse. Twa article anadarko delaware basin tankless flowback strategy. In its delaware basin assets, anadarkos oil production averaged 33,000 bopda 52% increase from its q2 production in 2016. The company focuses on natural gas gathering, compression and measurement, treating and handling, processing. Today, we continue our series on permian gathering systems with a look at wpx energy and howard energy partners new pipes in new mexicos eddy county and.
Western gas equity partners, lp wgp is a delaware master limited partnership formed by anadarko to own the following types of interests in wes. Much of the companys efforts in 2018 in the delaware basin were centered on expanding its extensive infrastructure to facilitate the transition to pad development. At stake in the chevron versus occidental battle for anadarko is the permian basin, the worlds secondlargest producing oil field. Delaware basin midstream, llc company profile houston, tx. Delaware basin midstream llc company profile and news. If my newest delaware basin pick is anything like my last one you could find yourself making multiples on your investmentin very short order. Western gas partners announces nonbinding open season for delaware basin express pipeline natural gas transportation services from the ramsey gas processing plant to the waha hub. Horizontal drilling with extendedreach laterals and multizone developments are being used to unlock the vast. Petroleum geology of the anadarko basin region, province 115. In 2014, anadarko plans to drill more than 80 wells in ward, reeves and loving counties to determine prospectivity of its wolfcamp shale acreage. Devons operations in the delaware basin of west texas and southeast new mexico provide both oil and natural gas production from its core acreage position consisting of more than 250,000 net acres across multiple formations. Anadarko has brought several wells online in the delaware wolfcamp that.
Anadarko petroleum earnings higher with delaware basin. Delaware basin production boosts anadarko kallanish. Shell says renegotiating permian jv with anadarko reuters. The anadarko basin is a geologic depositional and structural basin centered in the western part of the state of oklahoma and the texas panhandle, and extending into southwestern kansas and southeastern colorado. It also achieved record production at three facilities in the gulf of mexico. Petroleum geology of the anadarko basin region, province. Whitewater midstream announces delaware basin natural gas. Jason mcclain delaware basin development geoscience manager. Anadarko petroleum expanded its highconfidence area in the delaware basin capable of targeting the wolfcamp intervals. Delaware river basin commissionmonitoring to establish. The company has six drilling rigs at work to better delineate the delaware where it has 600,000 acres, officials said during an earnings call wednesday with analysts and the media.
Anadarko s delaware basin position is 589,000 gross acres and holds 8,500 feet of stacked oil potential. Anadarko focused on oil in delaware basin, dj basin by joe barone, shale directories in daily dose of shaledirectories. Mar 09, 2017 anadarko focused on oil in delaware basin, dj basin by joe barone, shale directories in daily dose of shaledirectories. Geological survey, using a geosciencebased assessment methodology, estimated mean technicallyrecoverable undiscovered continuous and conventional resources that total 495 million barrels of oil, 27. Delaware basin midstream, llc as buyer and, for certain limited purposes, anadarko petroleum corporation and western gas partners, lp covering the purchase and sale of a 100% membership interest in delaware basin jv gathering llc dated as of march 2, 2015. Chesapeake energy chk and anadarko petroleum apc jointly announces the completion of multiple agreements, including a joint venture involving chesapeake and anadarko assets in the deep haley. The jv expired on july 12, though anadarko completed all of the well proposals required to advance toward securing operatorship on about 70% of the shared acreage.
Anadarko, which operates at least six drilling rigs in the delaware sub basin, which is part of the larger permian basin, hopes that it can increase production from 41,000 barrels of oil a day in. Anadarko expands permian basin operations with new office in. Anadarko, shell ready to work together to grow delaware basin. Three companies are betting on the spraberrywolfcamp in texas permiandelaware basin, an emerging shale play that could hold far more oil than even the bakken and eagle ford. Contacts whitewater midstream matt calhoun, 5125981257. By the end of the 20th century, the anadarko basin was producing the largest amount of natural gas in the united states. Occidental grasps at permian basin prize with anadarko bid. If the deal to acquire the distressed delaware basin competitor hadnt been struck at the end of 2015 this company would never have gotten into this play.
Nov 30, 2014 anadarko petroleum expanded its highconfidence area in the delaware basin capable of targeting the wolfcamp intervals. Western gas partners announces nonbinding open season for. Horizontal drilling with extendedreach laterals and large pad developments are being used to unlock. Send me the last microcap in the delaware basinnow an undiscovered gem remains undiscovered until it isnt. Royal dutch shell and anadarko petroleum are renegotiating their fiveyearold joint venture in the permian shale basin in texas, shell chief financial officer simon henry said on thursday. Operators test new concepts, redefine best drilling practices. Western gas partners announces acquisition of interest in. About the delaware basin the delaware basin is an extension of the larger permian basin, one of the most prolific and longproducing oil basins in north america. Jason mcclain delaware basin development geoscience. Nov 16, 2017 about 80 percent of the 2018 capital program is focused on the delaware basin of west texas, the dj basin of northeast colorado and the deepwater gulf of mexico, according to a nov. Chevronoccidental anadarko war is for oil field 12 size of. Anadarko petroleum corporation award submission in the. Aa the last microcap in the delaware basin oil and gas.
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