Welcome to ARCO Permian!


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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, 140 million cubic feet of natural gas and 17,000 barrels of natural gas liquids, making us one of the ten largest operators in a basin that contains 20% of the nation's petroleum reserves.

We employ approximately 500 people, including about 160 in the Midland headquarters. Our professional workforce is multi-disciplined, including engineers, geoscientists, accountants, landmen, lawyers and Human Resources specialists. We also have a professional staff of crude oil marketers and accountants in ARCO's offices in Plano, Texas.

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.


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 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:

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 - We will "reality-test" everything we do to ensure that we are competitive with and responsive to the expectations of our economic markets.

Pursue Economic Growth - We will aggressively pursue opportunities to replace our reserves and increase production, while strictly adhering to our economic criteria to ensure continued strong financial performance.

Excel in Key Technologies - We will focus on and perfect field- and reservoir-specific technology to ensure optimal exploitation of our assets.

Manage Assets For Maximum Value - We will proactively manage all aspects of our assets to ensure that we capture their full value.


ARCO Permian's Culture

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."