Unconventional

Applying an innovative development approach at scale

Cube development allows us to drill multiple horizontal wells in stacked intervals from a single surface location. By applying this unique approach across our acreage, we can safely and efficiently bring online large sections of producing acreage in a shorter period of time, which maximizes recovery, reduces costs, and minimizes the environmental footprint of our operations. Most importantly, this development approach maximizes recovery by minimizing or removing potential parent-child production impacts that are caused by pressure depletion. In addition, we realize greater capital efficiencies from drilling and completion operations and surface-treating facilities, enabled by large tracts of contiguous acreage and development at scale. This approach enables a development plan and return profile that is resilient across a wide range of prices and market scenarios.

Investing in integration

We have invested in infrastructure from New Mexico to the U.S. Gulf Coast to provide logistics flexibility and maximize the integrated value of our growing Permian production. We have advanced construction of gathering and processing facilities, including the Cowboy central delivery point in the Delaware Basin. Integration, including transportation and downstream investments, enables us to maximize our value chain contributions from resource development through to fuels, lubes, and chemicals production.