The Permian Basin: America's Energy Heartland
The Permian Basin in West Texas and southeastern New Mexico is the most prolific oil-producing region in the United States and one of the most productive in the world. Spanning roughly 86,000 square miles, it has been producing oil for over 100 years — and shows no signs of declining.
The Wolfcamp Formation: A Generational Discovery
The Wolfcamp Shale, a Permian-age tight oil play, transformed the economics of the Permian Basin beginning in the 2000s. As horizontal drilling and hydraulic fracturing technology matured, the Wolfcamp became the highest-producing shale oil formation in the United States.
The Delaware Sub-Basin: Wolfcamp Extends West
While the Wolfcamp was first recognized in the Midland Basin, Dolomite's principals were early to identify its extension into the Delaware Sub-Basin — a realization that significantly expanded the productive footprint of the play. Clients who positioned in the Delaware ahead of broader market awareness generated approximately 10x returns on their investment.
Dolomite's Permian Track Record
Dolomite's principals were instrumental in developing the geological case for the Delaware Basin. Working on a 200K+ acre Permian position, they secured a supermajor partner to drive ~$60M in lease bonuses and negotiated a multi-well drilling carry worth an additional ~$60M — a $120M+ value creation event driven by early geological recognition.
Why the Permian Still Matters
Despite decades of development, the Permian Basin continues to produce more oil than any other U.S. basin. New zones, enhanced recovery techniques, and expanding infrastructure continue to unlock additional value. For energy investors, the Permian remains a core reference point for understanding what early-stage basin positioning is worth.
