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Permian Basin: During 2008 Mariner expanded its position in the Permian Basin, acquring acreage in New Mexico and testing new plays in the Spraberry trend. |
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Onshore
Permian Basin
Mariner Energy is one of the most active drillers in the Permian Basin. Operating activities are based primarily in the prolific Spraberry trend at depths between 6,000 and 10,000 feet. Our growing Permian Basin operation, which is characterized by long reserve life, stable drilling and production performance, and relatively lower capital requirements, provides a counterbalance to the higher geological risk, operational challenges and capital requirements attendant to most of our deepwater Gulf of Mexico operations.
We are aggressively expanding our presence in the region, targeting a combination of infill drilling activities in established producing trends, including the Spraberry, Dean, Wolfcamp and Devonian/Fusselman, as well as exploration activities in emerging plays such as the Wolfberry and newer Wolfcamp trends.
As of December 31, 2008, Mariner’s net acreage in West Texas was nearly 110,000 acres. West Texas properties comprise 45%, or 437 Bcfe, of our proved reserves as of December 31, 2008. In 2008, net production from West Texas was approximately 14.9 Bcfe.
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