Seeking Alpha

Two West Texas plays poised for production surge

  • The Bone Spring and Wolfcamp plays in the Permian Basin could see a surge in production and together pump 1M bbl/day of oil by 2018, according to report from energy research firm Wood Mackenzie.
  • E&P giants such as Apache (APA), ConocoPhillips (COP) and Chevron (CVX) are positioned to lead an investment boost in the oilfields, and in five years, capex could jump 57% to $22B in the two Permian plays.
  • The pipeline of M&A deals in the Permian has been slow, but joint ventures and smaller-scale acquisitions could pick up as operators fire up development, the report says.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|