Insight
ExxonMobil’s Delaware "cubes" raise the bar and underpin targets
Report summary
ExxonMobil’s 'cube' development strategy in the Delaware is unlike anything ever attempted in tight oil. Scale and speed are the primary differentiators, both in terms of total rig count, drilling times, and well density per section. Other E&Ps have tried similar spacing, but struggled. ExxonMobil's wells are young, but productivity results are overwhelmingly positive. All this despite some brewing cynicism to the competitions Wolfcamp and Bone Spring 'cube' projects.
Table of contents
- Executive summary
-
Can a Major bring something new to the Permian?
- Has ExxonMobil cracked the downspacing code?
-
Cross-sections and staggering
- Tight spacing must mean smaller wells, right?
- Shallower zones
-
Economic benefits
- Rig movement and timing
- Competitive advantage
Tables and charts
This report includes 6 images and tables including:
What's included
This report contains:
Other reports you may be interested in
Asset Report
Duvernay key play
Detailed analysis of Duvernay production, well design, economics, operator strategy and subsurface.
$22,800
Insight
Long-term Brent price maintained at US$65/bbl – oil and gas price assumptions versus forecasts
Defining our price assumptions and methodology, their use in our tools and services, and why these are independent of our price forecasts.
$1,350
Insight
Global upstream M&A in brief
The global upstream M&A in brief provides the Wood Mackenzie view on all of the key M&A events as they unfold.
$1,350