The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
Oil and Gas Investor presents part two in a multi-part series exploring the Permian Basin, Permian Plays - Rebuilding the Most Prolific Paradigm in the U.S. In Decoding the Delaware, OGI analysts continue its deep dive with an exploration of the Delaware Basin. The play is catching up to its Midland Basin neighbor, both in value and consolidation.
Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
From methane taxes to an environmental group’s satellite trained on oil and gas emissions, producers face intense scrutiny, even if the watchers aren’t necessarily interested in solving the problem.
Ascent Resources received a positive outlook from Fitch Ratings as the company has grown into Ohio’s No. 1 gas and No. 2 Utica oil producer, according to state data.