Permian Basin Consolidation and Strategic Acreage Acquisition
CONCHO Midland Basin - Expanding Into The Emerging Southern Midland Basin
Southern Midland Basin Expansion
•
.
Continued expansion into emerging southern
Midland Basin
Acquired acreage currently being developed
with vertical wells targeting shallow Wolfcamp
- Additional zones include Dean,
Clearfork, Canyon, Strawn
• Industry ramping up horizontal development
across the area
.
― Results improving
• Operators primarily targeting the Wolfcamp
shale
•
- Multiple producing zones within the
Wolfcamp
- Cline shale offers multi-zone potential
No horizontal drilling activity to date on Three
Rivers acreage
- Evaluating horizontal upside
ASSCO ConCHO
AREDO
REAGAN
PETROLE
RANGE RESOURCES"
LING
EXCO
Oeog resources
elpaso
CROCKE
Approach
Hesources Inc
IRION
Concho Acreage
Three Rivers Acreage
COLE
devon
Three Rivers Acreage
•Gross: 39,700
•Net: 29,000
CHEFICHER
SUTTON
TOM GREEN
Three Rivers Rig
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