Permian Basin
The Permian Basin remains one of the most active basins in the world, with deeper exploration expected to dominate the late 2020s. TGS’ seismic, geological and well data provide an integrated solution to expand existing models and test deeper formations.
Advancing Exploration of Stacked
Pay Zones Across the Permian Basin
The Permian Basin, producing oil since the 1920s and expected to contribute over 50% of 2026 U.S. oil production, continues to play a vital role in global energy supply. TGS offers high-quality, spatially dense seismic, geological, and well data that serves as a critical tool for E&Ps to find, evaluate and maximize new targets across the basin.
TGS provides nearly 1,500 mi2 of 3D seismic data and access to over 400,000 wells in the Permian Basin, along with a streamlined analytics platform, Well Data Analytics. Our integrated, one-stop-shop solution delivers key insights across the upstream subsurface value chain, from permit to abandonment.
Well Intel: New Prospective Formations
Our latest Well Intel article examines one of the most promising new deep targets, the Midland Barnett Shale. By utilizing our new Pontiac 3D survey, deep logs, and a well performance evaluation via Well Data Analytics, we demonstrate an end-to-end workflow for evaluating new targets using TGS data.
Multivariate Modeling
To overcome tight capex budgets, TGS bridges the gap between geologists and engineers through log-derived multivariate modeling. This project de-risks undeveloped drilling locations by linking stratigraphy with reservoir evaluation and quantifies the impact of geological and engineering attributes.
Better Imaging: DM-FWI and Pore Pressure Modeling
To accurately image novel targets within onshore seismic surveys, TGS is leveraging Dynamic Matching FWI (DM-FWI) workflows to produce high-resolution velocity models. In the Permian, where several dissolution zones are present, near-surface characterization is crucial to high-end imaging at depth.
With an ongoing emphasis in operational efficiency, TGS has introduced vertical effective stress and lithology inversion derivatives as a tool to identify optimal landing zones and drilling hazards. These volumes help engineers to quickly pinpoint overpressured benches and carbonate rafts, increasing yields and improving drilling efficiency.
Additional Insights
Productivity Growth in the Permian
5/5/2023 - In recent quarterly earnings reports and investor day presentations, many supermajor and large independent operators have announced their intention to consolidate and grow their positions in the Permian Basin...
A Barnett Renaissance in the Permian Basin
4/26/2024 - Earlier this month, Continental Resources announced an addition of Midland Basin acreage specifically acquired to test the Barnett...
The Permian Natural Gas Conundrum
10/14/2024 - While international and geopolitical factors are causing volatility in the oil market, the natural gas markets are also experiencing some unique domestic instability. Earlier this year, amid record low natural...
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