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Twin Lakes San Andres Unit (Permian Basin)

Permian Basin

The Permian spans approximately 75,000 square miles, stretching across West Texas and Southeastern New Mexico. The greater Permian is made up of several smaller basins, the largest being the oil-rich Midland basin. With our acquisition of various position’s in the Twin Lakes San Andres Unit, close to Roswell, NM, we have added to our portfolio a premier land position in Northern Shelf of the Permian Basin of New Mexico. With over 30 billion barrels of cumulative oil production, the Permian is a proven oil-rich resource play with multiple stacked horizontal targets. Petrolia Energy, along with many others, believe that the Permian’s unconventional production potential will exceed the Eagle Ford and the Bakken combined.

Twin Lakes - San Andres Unit - History

Discovered in 1964, the Twin Lakes (San Andres) Field is approximately 35 miles northeast of Roswell, New Mexico. This 4,863 Gross acre oilfield lies on the Northwest Shelf of the Permian Basin. Reaching peak primary production in 1981, the field was unitized in 1988 and the operator at the time began using water injection to help stimulate the oil recoverability of the field. Twin Lakes is a stratigraphic trap on the nose located over a deep anticlinal closure at Devonian level. Oil is produced from two major zones in the San Andres formation at approx. 2700'.

Development Potential

The Possibility of increasing the recoverable reserves through CO2 injection is very real. A former Shell Oil Company CO2 source pipeline, now owned by Kinder Morgan, runs through the center of the unit.