Acquisitions & Divestitures

The Permian Basin includes most of West Texas and southeastern New Mexico, covering an area of approximately 86,000 square miles. One of the largest structural basins in North America, the Permian is an intensely explored, mature basin having a variety of stratigraphic trap types, multiple stacked reservoirs, relatively low-cost drilling and access to transportation and markets.

Other attractive characteristics include long-life reserves, large, legacy oil fields, excellent product infrastructure, waterflood and enhanced-oil-recovery applications, and other exploitation opportunities.

Production, reserves. The Permian Basin has been one of the most prolific petroleum ...