Delaware and Midland Basins

The Delaware and Midland Basins are mature exploration and production provinces with extensive developments in a variety of petroleum systems. This has resulted in stacked target horizons in many areas. The majority of development in these basins has been focused on relatively conventional target reservoirs, but we believe advanced formation evaluation, 3-D seismic technology, horizontal drilling and hydraulic fracturing technology is enhancing the development potential of these basins.