Growing in A
New PlayNorthern Delaware, New Mexico

About the PlayPermian

The Northern Delaware basin, which is located within the greater Permian area, has been drawing a lot of attention and for good reason. The geology with 5,000 feet of oil-rich stacked pay creates outstanding well economics. We closed on our two acquisitions in May and June of 2017, giving us a strong foundational footprint in the region where we've begun developing the Wolfcamp and Bone Spring plays.

"While we expect to pursue additional trades and grassroots leasing, this bolt-on achieves the scale necessary for efficient long-term development in the basin," said CEO Lee Tillman in March 2017 following the announcement of the acquisition of Black Mountain assets. The acreage is estimated to hold approximately 1.45 billion BOE of total resource potential.

 

Latest Activity4Q 2017

Our Northern Delaware production averaged 11,000 net boed in 4Q 2017, reflecting 11 gross Company-operated wells to sales in Eddy and Lea Counties. A two-well pad averaged 30-day initial production rates of 3,265 boed (62% oil).

Regional Office: Carlsbad, NM

11,000 Net BOED in 4Q 2017

50-55

expected gross operated wells to sales in 2018

>75%

Pad drilling

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A return to new mexico
Northern delaware

CEO Lee Tillman's keynote remarks at the 2017 New Mexico Oil & Gas Association's Annual Conference.

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Using Best PracticesHydraulic Fracturing

In combination with advanced horizontal drilling technology, fracking makes it possible to develop oil and gas resources that were previously inaccessible.

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Timelapse
drilling a well

Watch the complete drilling and fracking of an Eagle Ford well in less than 2 minutes.

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license to operate

We earn our license to operate every day. Being responsible, safe and ethical - that's non-negotiable.

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Read about our business strategy and company values

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Our annual sustainability report reviews social, environmental & safety performance

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