Privately Held Operators Explain Key To Permian Basin Success
Execs from private operators Caza Oil & Gas, Henry Resources and Zarvona Energy talk key to survival in the industry’s new hold-for-longer mode.
Established in 1969, privately held Henry Resources has been an industry leader in the Permian Basin for over 50 years. (Source: Henry Resources LLC)
MIDLAND, TEXAS—Privately held operators in the greater Permian Basin area are turning more proved undeveloped reserves into proven developed reserves in a hold-for-longer mode.
This among other developments have been key to operating in the current state of the industry, said executives from private operators Caza Oil & Gas Inc., Henry Resources LLC and Zarvona Energy LLC during a panel at Hart Energy’s recently-held Executive Oil Conference.