If you’re in the horizontal San Andres action on the Permian Basin’s Central Basin Platform (CBP), then you’re playing on the edge by filling in the gaps between major legacy oil fields and tapping into the transitional zones (TZ) and residual oil zones (ROZ) below and between these fields.
“I would describe this as one of the best-kept secrets in the oil field,” said Lance Taylor, founder, president and CEO of Steward Energy II LLC. “I know people have heard about it, and the common perception is that it is a bit of a niche play. It may not be as glamorous as the Midland or Delaware basins, but I challenge anyone to compare economics against this play’s breakeven oil price under $20 per barrel. If oil prices continue to decline, we will be drilling long after the deeper basins slow down.”