Private E&P CEOs Give Insight On Permian Basin

Admiral Permian Resources and Discovery Natural Resources talk about production and adding value in the Permian Basin as they move toward full field development mode.

Admiral Permian Resources CEO Denzil West speaks about the company's assets April 16 during Hart Energy’s recent DUG Permian Basin Conference and Exhibition in Fort Worth, Texas. (Source: Tom Fox/Hart Energy)

Admiral Permian Resources CEO Denzil West speaks about the company's assets April 16 during Hart Energy’s recent DUG Permian Basin Conference and Exhibition in Fort Worth, Texas. (Source: Tom Fox/Hart Energy)

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.”

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Velda Addison

Velda Addison is the senior editor of digital media for Hart Energy’s editorial team. She covers energy with a focus on renewables.