Bullish on the Permian Basin
Posted: Mon Jul 08, 2013 3:29 pm
I believe we will see even more impressive results coming out of the Permian Basin with Q2 results.
I like the Permian because it is heavily weighted to oil. First quarter results included:
•Pioneer Natural Resources has stated that 70% to 75% of its production in its Spraberry and Wolfcamp drilling is oil
•Approach Resources has stated that ~80% of estimated ultimate recovery from its horizontal Wolfcamp wells is oil or natural gas liquids
•Laredo Petroleum has stated that approximately 70% of the production from its Permian-Garden City Wolfcamp wells is oil
I like the Permian because it is heavily weighted to oil. First quarter results included:
•Pioneer Natural Resources has stated that 70% to 75% of its production in its Spraberry and Wolfcamp drilling is oil
•Approach Resources has stated that ~80% of estimated ultimate recovery from its horizontal Wolfcamp wells is oil or natural gas liquids
•Laredo Petroleum has stated that approximately 70% of the production from its Permian-Garden City Wolfcamp wells is oil