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

Intro to Permian HeaderEnlarge GraphContinued 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

DVN - Activity MapEnlarge Graph

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

AREX - Activity MapEnlarge Graph

 

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

EOG - Activity MapEnlarge Graph

 

More about the Permian Basin

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