San Andres gets fresh look with new technology

June 18, 2018
Midland Reporter-Telegram

What was old in Permian Basin oil fields has become new again as technological advances have unlocked reserves operators knew existed but couldn't technically or economically develop until now.

Those efforts in the Midland and Delaware portions of the Wolfcamp have drawn international attention, but reliable formations such as the San Andres are starting to see new activity.

"The San Andres has been one of the most prolific fields in the Permian Basin historically," said Rob Liddell, principal and co-chief executive officer of Stakeholder Midstream LLC, in a phone interview from his San Antonio office.

With acreage in the Midland and Delaware basins so cost-prohibitive, he said when the company was founded in 2015, it began looking at less-active areas such as the Central Basin Platform and Northwest Shelf.

"Anyone can build a 200 million cubic feet-per day plant in the Delaware," Liddell said. "We felt we had more value for producers in the San Andres than in the Delaware. We knew new technology would let operators go in and develop that acreage."