The Midland Basin is the eastern sub-basin of the Permian Basin. It is a major contributor to U.S. oil output, characterized by formations like Spraberry and Wolfcamp. Its geology is relatively less complex than Delaware, making it attractive for large-scale development.
What are the primary producing formations in the Midland Basin?
Spraberry and Wolfcamp are the most prolific, offering thick intervals suitable for long laterals and high-intensity completions.
How do the well economics compare in Midland vs. the Delaware?
Midland generally offers lower operating costs, easier drilling conditions and less water handling expense, reducing capital intensity compared to Delaware. Midland wells are also less productive, somewhat offsetting the improved cost structure.
What role does infrastructure play in Midland Basin growth?
Extensive pipeline networks and water recycling facilities support efficient development, reducing bottlenecks compared to Delaware.
How has technology impacted Midland Basin development?
Advances in horizontal drilling and completion design and have unlocked previously uneconomic zones, driving record production levels,and leading some of the longest lateral lengths in any oil-focused basin.
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