Permian Basin Wolfcamp Playbook 2014

Permian Basin Wolfcamp Playbook 2014

Permian Basin resource plays are set to see production growth that continues the renaissance transforming the area. Hart Energy forecasts 1.2 MMboe/d of Permian production growth by 2025, with oil and NGLs contributing ~1 million bbl/d. That nearly doubles today's 1.5 MMbbl/d. Production will ramp up from unconventional drilling with solid margins because most wells breakeven oil price is below $70/bbl. Economics like these economics help explain the upward trend in Permian activity and capital budgets.