Private E&P CEOs Give Insight On Permian Basin

FORT WORTH, Texas—In an oil and gas world filled with new technology, efficiency and operational gains, completion cocktails, production and drilling records plus M&A activity, it could be easy to lose sight of the end goal.

For Midland, Texas-based Admiral Permian Resources LLC, a privately-held E&P with assets in the Permian Basin’s Delaware, it’s about the money.

“I think a lot of us in the industry have overlooked the fact that we are not in the oil and gas business. We are in the money business,” Admiral Permian Resources CEO Denzil West said during Hart Energy’s recent DUG Permian Basin Conference and Exhibition. “That’s really what we’re here to do: make money.”