Replies to post #1716 on INTELLECTUAL STOCK INVESTOR

[mick]

adjust to CEGX PXD another link/ http://www.npr.org/sections/thetwo-way/2016/11/16/502337471/usgs-announces-its-largest-oil-and-gas-discovery-ever



[-chart]media.npr.org/assets/img/2016/11/16/161100_midland-basin-map_usgs_custom-697deb603c4ac20a54a7a62db946fe56b5c0a3af-s800-c85.jpg[/chart]

http://www.pxd.com/operations/permian-basin

THE WORLD’S SECOND LARGEST RESOURCE

Permian BasinDiscovering a resource potential of more than 75 billion barrels oil equivalent (BBOE) in the Spraberry/Wolfcamp shales has re-ignited industry activity in the Permian Basin. Production from the Midland Basin, located within the greater Permian Basin, has increased more than 650,000 barrels of oil equivalent per day (BOEPD) since 2009, and horizontal rigs now account for more than 65 percent of all drilling rigs in the area. These findings rank the Spraberry/Wolfcamp as the largest U.S. oil field and as the second-largest oil field in the world.

Pioneer’s production more than doubled from 45 thousand barrels of oil equivalent per day (MBOEPD) in 2011 to 112 MBOEPD in the first quarter of 2015. During that time, we successfully appraised six of the 12 prospective intervals within our extensive acreage position. Several of our wells hold records for highest initial production rates delivered from a specific interval. Even better, production data proves many have a resource potential of more than 1 million barrels of oil equivalent (MMBOE) each.

Pioneer continues to be the largest producer in the Spraberry/Wolfcamp with a resource potential of more than 11 BBOE and an inventory of more than 20,000 untapped horizontal drilling locations.