Enverus Intelligence Research, a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, released on Aug. 29 a new report that quantifies the geologically viable but not yet economically proven inventory in the Permian Basin and investigates the associated impact this undeveloped resource has at the operator level and the supply outlook of the basin.
“Geologically viable but relatively unproven inventory across the Permian Basin will be at the forefront as high-quality drilling locations breaking even below $50 WTI become scarce over the next decade for many operators,” said Stephen Pratt, report author and Permian analyst with EIR.
“The incremental 80,000 [approximately] geologically viable locations across the Permian primarily breaks even between $50 and $70 WTI and will be sufficient to sustain production levels until about 2040 and extend the years of inventory remaining from 17 to 32,” Pratt said.