600 N Marienfeld
P O Box 1610
Midland, TX 79701
|Overview||ARCO Permian is a unit of Atlantic Richfield
Company (also known as ARCO). We are headquartered in Midland, Texas, in the heart of the largest oil and gas producing basin
in the United States...the Permian Basin (hence, our name).
ARCO Permian was created in 1993 as a part of the restructuring of ARCO's domestic oil and gas exploration and producing business. We manage oil and gas producing properties and related facilities in West Texas and southeast New Mexico, plus extensive holdings in the historic East Texas oil field. ARCO Permian also owns a prolific CO2 field in southeastern Colorado, and the pipeline that connects it with oil fields in West Texas.
|ARCO Permian's daily production is approximately 36,000 barrels of crude oil, 130 million cubic feet of natural gas
and 22,000 barrels of natural gas liquids, making us one of the ten largest operators in a basin that contains 20% of the nation's
We employ approximately 500 people, including about 160 in the Midland headquarters. Our professional workforce is multi-disciplined, in the areas of engineering, operations, geosciences, accounting, finance and business planning, land management, marketing, legal, information technology and human resources.
During the relatively short time since its creation, ARCO Permian has evolved organizationally into what we like to refer to as a "hybrid company," which we believe makes us unique in the industry.
What is the Hybrid Concept?
|ARCO Permian's Mission
Values and Strategies
|Our mission can be stated very simply: to make as much money as we can for as long as we can.
As part of a publicly-held corporation, we have an obligation to our stockholders to pursue profitability.|
However, our mission can be truly understood only within the context of the core values under which we operate:
Recognition of the Importance of People|
Street Smarts/Business Savvy
|We employ the following strategies to help us meet our financial and operating goals:||Focus Regionally|
We will continue to focus on opportunities in the geographic areas we know best: the Permian and East Texas Basins.
Respond to Market
Pursue Economic Growth
Excel in Key Technologies
Manage Assets For Maximum Value
|Every company can be said to have its own "culture"...that unique blend of attitude and atmosphere that helps define the level of employee creativity, productivity and satisfaction. ARCO Permian has developed something we like to refer to as a "Coyote Culture."||ARCO Permian's Culture|