West Africa Ebola Outbreak. When the deadly Ebola outbreak erupted in West Africa in early 2014, Direct Relief responded â as aggressively and expansively as possible â sending more than 80 emergency shipments, or approximately $40 million in medical aid, to more than 1,000 hospitals and clinics throughout Liberia, Guinea, and Sierra Leone.
Of the 345 horizontal wells Oxy planned to drill in 2014, 172 were targeted at the Permian Basin. The companyâs average daily production of crude oil totaled about 153,000 barrels a day at the end of 2014, up by about 2% year-over-year. The average realized price for all its U.S. barrels, however, dropped from $104.30 to $90.57 year-over-year for the third quarter. In its 2013 annual report, Oxy reported revenue per U.S. barrel of oil equivalent (boe) of $64.48 and production costs of $14.43 per boe. Other expenses, including DD&A, resulted in pretax income per boe of $19.54. U.S. production costs dropped by $3.00 a barrel year-over-year in 2013. Apache Corp. (NYSE: APA) reported 2013 production of around 90,000 barrels a day from its Permian Basin operations.
The average production per day with a horizontal well is 500-1,000 barrels, compared to 100 to 150 barrels per day for the average vertical well, according to Steve Pruett, chairman of the Permian Basin Petroleum Association.