Permian

The Permian Basin is currently the highest producing oil field in the US and is located in western Texas and southeastern New Mexico. It is a large sedimentary basin is named after the Permian geologic period, which was the final period of the Paleozoic era. It contains some of the thickest and best deposits of hydrocarbon saturated rock.

The Permian Basin comprises several component basins with the primary and largest one being the Midland Basin in western Texas. The secondary basin is the Delaware Basin, which is primarily located just across from Texas in southeastern New Mexico. The Central Platform sits between the two. In total, the Permian Basin covers more than 86,000 square miles.

As one would expect in such an active field, deal flow is continuous here, but it is also super competitive and often expensive. We have technical partners who have worked the area extensively and we are looking for assets that meet our criteria here.

Eagle ford

Austin Chalk

The Eagle Ford Group (or Eagle Ford Shale) is a sedimentary rock formation deposited during the Late Cretaceous over much of the modern-day state of Texas. The main Eagle Ford fairway trends from the Tyler, Texas area southward to San Antonio and westward to the Rio Grande. It the source rock for oil found in the Woodbine, Austin Chalk, and the Buda Limestone and is produced unconventionally in South Texas. The Eagle Ford was one of the most actively drilled targets for unconventional oil and gas in the United States in 2010, but its output has dropped sharply from there as focus has shifted to the Permian. Some of our technical partners have extensive operating experience in this fairway and we are actively looking for assets in this area.

Conventional Plays

Texas is filled with conventional plays that have significant upside potential from reservoirs and intervals that have not been produced. We are interested in projects where production can be enhanced from behind pipe pay and also where deepening wells to known targets can be done.