A version of this story appears in the December 2017 edition of Oil and Gas Investor. Subscribe to the magazine here.
An evolutionary event sometimes conjures up an image of a slow-moving process rather than one of size and speed. But as the Midland Basin evolves into a massive opportunity to capture multistacked reserves, the march forward is moderated only by E&Ps’ desire to seize growing efficiencies and cost savings made possible by the sheer scale of development.
Of course, each producer’s plan for its Midland Basin development varies, depending on factors such as project rates of return and capital allocation decisions. Takeaway may over time also be a factor. And, ultimately, the pace of technology will be a key consideration, albeit an uncertain one.