Modern techniques, optimized production.
Endurance Resources is focused on the Bone Spring oil play in Lea and Eddy Counties, New Mexico, and the Wolfcamp horizons in Reeves County, Texas. Over the last five years, the company has assembled a diverse financial, technical, and operating team to execute both aspects of its strategy: developing its existing asset base and making new acquisitions.
The Bone Spring oil play lies in the Delaware Basin, the western area of the broader Permian Basin oil region of New Mexico and West Texas. While oil has been commercially produced in the Delaware Basin since the 1920s and vertical wells were completed in the Bone Spring formation as early as the 1950s, it was only in 2009 that operators began applying modern horizontal drilling and completion techniques to the play. The Bone Spring play encompasses a number of formations and offers diverse strategies to optimize exploitation of the play. According to industry analysts, the various Bone Spring plays represent some of the most economically attractive oil plays in the United States with one of the lowest breakeven costs.
The Delaware Wolfcamp play has more recently emerged as an industry-leading play and is now known to contain a large recoverable resource.
Endurance Resources began its existence with the acquisition of an asset base in the heart of the Bone Spring play. It is developing its initial assets, all held by production, through a measured drilling and completion program based on the Endurance team’s leading-edge experience in the E&P sector and local expertise in the Delaware Basin.
Endurance Resources seeks to acquire additional opportunities in the Bone Spring and Delaware Wolfcamp plays, through corporate acquisitions, asset acquisitions, organic leasing opportunities, farm-in opportunities, and additional acreage positions near its existing core areas.