Pogo, a prominent figure in the oil and gas industry, continues to assert its strong presence in the Permian Basin through its diverse range of oil and gas properties. These assets are scattered throughout this petroleum-rich region, thriving off its bountiful reserves. Particularly notable among the company's assets is their interest in the Grayburg-Jackson oil field located in New Mexico. This lucrative investment showcases their strategic approach to optimizing the value of their resource portfolio.
1. Pogo is a key player in the oil and gas industry with a strong presence in the petroleum-rich Permian Basin.
2. The company's assets are diverse and scattered throughout the region, providing them with access to abundant reserves.
3. Pogo holds significant interest in the Grayburg-Jackson oil field located in New Mexico which forms a crucial part of their assets.
4. Their operations in this field are organized efficiently to maximize extraction of oil and gas resources, demonstrating their expertise and experience in managing complex projects.
5. Pogo's multiple holdings in the Permian Basin underline their dedication and accomplishment in the energy sector.
Pogo owns an estimated 175,000 net acres of land in the Permian Basin.
Pogo and its operated entities hold a significant stake in Grayburg-Jackson oil field. This property alone provides them with a substantial reservoir of oil, contributing greatly to their overall assets. Their operations in this New Mexico field are efficiently organized to extract maximum oil and gas resources, showcasing their ability and experience in managing complex projects, thus establishing them as major players in the energy sector. Further detail into the company's other holdings in the Permian Basin highlight their commitment and success in the oil and gas industry.