Our Market Opportunity: Built For Success

Rystad Energy estimates that, as of November 2016, the Permian Basin contains approximately 58 billion barrels of oil, the largest recoverable crude oil resource base in the United States and the second largest in the world. As a result of its significant size, coupled with the presence of multiple prospective geologic benches, the Permian Basin has become widely recognized as the most attractive oil resource in North America.

Accounting for more than 50% of the Permian Basin’s growth in rig activity since May 2016, the Delaware Basin has become a premier, complementary resource base to the Midland Basin. Rystad Energy estimates the recoverable crude oil resource in the Delaware Basin to be slightly greater than the Midland Basin, at approximately 28 billion barrels. E&P operators have actively delineated acreage in the Delaware Basin, having successfully targeted nine distinct zones with horizontal penetration. As the lesser-developed of the two primary Permian Basin sub-basins, the Delaware Basin represents a high-growth opportunity for E&P companies, many of whom have entered the basin through large-scale acquisitions.

As activity levels increase in the Delaware Basin, ProPetro has responded by expanding our presence in the region. Our Carlsbad, NM and Artesia, NM yards position us to quickly respond to any active crews in the Delaware Basin.