Basin transactions are numerous and vary in size. With new development opportunities still presenting themselves and a benchmark operating environment, basinal activity remains high. 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 17, 2023
Americas - North
The PRMB can be arranged in to two parts, the Midland, which accumulated large amounts of clastic sediments from the Ouachita orogenic belt during the Pennsylvanian and the Delaware Basin. In the Midland, sediments were deposited and formed a thick subaqueous deltaic system. In the Delaware Basin, a structural low that provided an inlet for marine water during the Permian. minor sedimentation was received from the low coastal plains that surrounded it. While the Midland Basin was almost full of sediment by the Middle Permian, the Delaware became host to reefs built by sponges, algae, and microbial organisms.
The Basin has been widely explored with a variety of play types. Asset turnover remains high as the development maturity risk is passed between companies. However, recent price headwinds are creating a feeling of uncertainty for the basin.
Source: ESRI, BGS, USGS & OGA data
March 8, 2021
October 23, 2020
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