Oryx Midstream is based in Midland, Texas, and our leadership team has deep roots in the area.
We are focused on providing midstream solutions and expanding our footprint in the Permian Basin, focusing initially on the Delaware Basin in West Texas and Southeast New Mexico, a region generating strong demand for natural gas and crude oil midstream infrastructure.
The Permian has long been one of the most prolific oil and gas producing regions in North America. According to data from a recent study by the U.S. Geological Survey, the Permian Basin area contains 41 trillion cubic feet of recoverable natural gas and 1.3 billion barrels of recoverable oil. The University of Texas estimates that the Permian accounts for nearly 17 percent of current U.S. crude oil production, second only to production out of Alaska. The Permian covers an area approximately 250 miles wide and 300 miles long. It includes various producing formations such as the Wolfcamp, Bone Spring and Avalon, with oil and natural gas production ranging from depths from a few hundred feet to five miles below the surface.
Driven by new drilling activity in the area, rapidly increasing oil and natural gas production has created a scarcity in pipeline takeaway capacity serving the region, making it increasingly difficult for producers to get their product to market and receive a competitive price. Oryx Midstream provides producers in the Permian a full suite of midstream services, with optionality and flexibility needed to relieve these bottlenecks and deliver oil and gas to high-value markets.