The Basin has been widely explored with a variety of play types, including being the birthplace of shale gas. Asset turnover remains high as the development maturity risk is passed between companies. However, despite a supportive State regulator, the overriding concern is at the Federal level, and to what extent the Biden Administration will use Federal powers to override State legislation to prevent oil & gas development.
April 16, 2021
Americas - North
The FWB and Bend Arch lie entirely within Texas. The southern and eastern boundaries are defined by county lines that generally follow the Ouachita structural front, although a substantial portion of this structural feature is included near Dallas. The north boundary follows the Texas-Oklahoma State line in the east, where the province includes parts of the Sherman Basin and Muenster Arch. In the west, the north boundary follows the southern flank of the Wichita Mountains and the Hollis Basin. The western boundary trends north-south along county lines defining the junction with the PRMB.
Basin transactions are numerous and vary in size. With new development opportunities still presenting themselves and a benchmark operating environment, basinal activity remains buoyant. However, recent price headwinds are creating a feeling of uncertainty for the basin.
Source: ESRI, BGS, USGS & OGA data
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