The Permian Venture operates in the heart of the Wolfbone play in the Southern Delaware Basin – core to company’s resource play growth – and is recognized as one of the top independent operators in the area.
The team focused on strategic partnerships, continuous acquisitions or core positions and growing margins further through extended lateral drilling. Current 1 rig operations are expected to double in 2Q 2016.
The company is recognized as one of the top explorers in the Gulf Coast region and has drilled over 500 wells with a historical hit rate of 70%.
Through established strategic partnerships, utility of extensive property 3D seismic and internal prospect generation, the team has built yet another balanced exploration development program – Big Bertha and Tabasco – for the years 2016-17 with discovery potential of 55 million boe of gross revenues. Current team focus is on program execution and strategic partner participation.