Please note: Because of weather conditions expected, we are rescheduling / canceling our meeting. Your safety is our No. 1 concern. An email has been sent to the pre-registered and we will update you in the next week so you can respond to cancellations.
Our presenter recently stated that the Permian Basin contained between 450 billion barrels and 2 trillion barrels of oil equivalent. Others have made estimates between 40 and 70 billion barrels. Why the discrepancy and why the range? In any case, the number is, for all practical purposes, limitless for what remains of the hydrocarbon age.
What has to happen for the bigger numbers to be true? How will that be achieved? There are some unsung fundamentals that we will discuss and how far they can be extrapolated. It will mean discarding the “recipe book” and looking at how we optimize production on a wellbore location by location basis… the final frontier where not only surface infrastructure but subsurface infrastructure will be leverageable assets.