Caza’s operations are focused within two producing regions in the United States of America: the Permian Basin and the Gulf Coast. Each region includes producing fields with numerous undrilled locations and vast opportunities for finding untapped oil and natural gas reserves. Our asset portfolio is distinguished by quality, diversity and exploratory upside. Each individual asset fulfills an important role in a portfolio that balances lower-risk development projects with high-potential exploration activities. With an asset mix within the most prolific oil and natural gas producing regions in the United States, our holdings provide the opportunity to employ our knowledge to replicate success and create value.
Caza’s operations in the Permian Basin of west Texas and southeast New Mexico provide the company with low-risk, liquids-rich development opportunities from many geologic reservoirs and play types including, but not limited to, the Wolfberry, Bone Spring and the Delaware Mountain group. This is a mature basin with a vast operational infrastructure providing quick access to sales facilities.
Leading-edge horizontal drilling technologies along with other technological advances in drilling and completion techniques are being used to unlock the massive oil and natural gas resources that remain in place in this region. Caza’s acreage position and continuing commitment to the Permian Basin will deliver high-margin growth for many years to come.
Caza’s Gulf Coast operations cover a large area across south Texas and south Louisiana, including the state waters of the Coastal Transition Zone. Most of the company’s production and reserves in this region come from natural gas reservoirs found in conventional sandstone formations. Exploration and development activities in this area are enhanced by the stacked nature of these sandstone formations, which provides the potential for multiple pay zone completions. In addition to natural gas production, many of the reservoirs yield high condensate volumes, which can significantly enhance economics.
Caza believes that using leading-edge technologies will play a key role in lowering risk profiles and delivering value. In recent years, the use of three dimensional seismic technologies has unlocked new opportunities in this area. Onshore 3-D seismic data is very expensive and provides a significant entry barrier to other companies, which makes Caza’s 8,000-square mile 3-D seismic library both advantageous and valuable.