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Introduction to the Permian Basin — Part 5: Major players (continued)

Intro to Permian HeaderEnlarge GraphContinued from Part 4: Major players (continued)

Apache Corp.

Net Permian Acreage: ~1.6 million net acres
Proved Reserves in the Permian Basin: 800 million barrels of oil equivalent as of YE2012
Number of Rigs Running in the Permian Basin: 42 rigs (17 horizontal and 25 vertical)
2013 Permian Capex: $2.4 billion
Source: June 2013 Company Presentation

APA - Permian Takeaway CapacityEnlarge Graph

Occidental Petroleum (OXY)

Net Permian Acreage: ~1.7 million net acres (including double counting multiple horizons and not including CO2/EOR segment)
Proved Reserves in the Permian Basin: 1,241 million barrels of oil equivalent as of YE2012
2013 Permian Capex: $1.9 billion
Source: June 2013 Company Presentation

OXY - Permian Takeaway CapacityEnlarge Graph

Other Permian Basin players

Other companies with operations in the region include Linn Energy (LINE), Range Resources (RRC), EXCO Resources (XCO), Kinder Morgan (KMI), Chevron Corp. (CVX), XTO Energy/ExxonMobil (XOM), and various private companies.

More about the Permian Basin

Learn more about the Permian Basin and its economic significance in Part 6: Resource potential and oil versus gas split.