Permian Basin


Devon has an enviable cash reserve of $1.5 billion and premiere Permian and Eagle Ford holdings.

The company is prepared to ramp up drilling if and when conditions dictate, CEO says.

Assets include three cryogenic gas processing plants, gas gathering system and 175 MMcf/d capacity.

Permian - Texas Drilling Permits Trends

7 Day Trend112 (-2)
30 Day Trend467 (-88)
1 Year Trend10947 (+2105)
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Heard In The Field


Pressure Pumpers Expect Stable Demand In 1Q15

Well Stimulation/Pressure Pumping

Slickwater Fracks Dominant In Basin

Downhole Completions

No Uptick In Rig Demand

US Land Drilling

Service & Support Companies

Permian Basin Resources

Company Net Acreage
Occidental 1,935,000
Apache 1,700,000
Chevron 1,319,000
Devon/Sumitomo 1,280,000
All Top Acreage Holders