Colorado oil company plans Permian Basin push
Colorado oil company QEP Resources is breaking a sixmonth hiatus as it plans to make a return to the Permian Basin of West Texas.
The company is seeking permits from the Railroad Commission of Texas to develop 14 new horizontal wells on state-owned lands in Andrews County.
Located off State Highway 176, the wells target the Spraberry field at depths ranging from 9,100 to 9,950 feet.
QEP began drilling the Permian in 2010 and now holds nearly 80,000 acres of oil leases in Andrews and Martin counties.
The company filed for 70 drilling permits in 2019 and has filed for 29 so far this year.
Like other drillers in the region, QEP scaled back drilling because of the industry downturn caused by the coronavirus pandemic. The 14 permits filed over the past week mark the first batch since late January.
Permian Basin
Fort Worth oil company Double Eagle Development, which hosted President Donald Trump during his July 29 visit to one of its drilling sites near Midland, plans to drill seven horizontal wells split between four leases in Midland County. The wells target the Spraberry field at depths ranging from 9,000 to 9,500 feet.
Eagle Ford Shale
After three months of silence, Tulsa oil company Trinity Operating filed for permits to drill six horizontal wells in the western end of the Eagle Ford Shale. Located on its Cenizo A lease in Zavala County, the wells target the Briscoe Ranch field of the Eagle Ford formation to a depth of 8,000 feet.
Haynesville Shale
Houston oil company Rockcliff
Energy plans to drill three natural gas wells in East Texas. Located on three leases in Panola County, the horizontal wells target the Carthage field of the Haynesville formation to a depth of 13,000 feet.
Barnett Shale
The Barnett Shale has now gone five weeks without a horizontal drilling permit filing, but Streetman-based Ephraim Trust plans to drill a new vertical well in Hill County. The well targets the Mount Calm field to a vertical depth of 1,000 feet.
Conventionals
Fort Worth oil company C&B Exploration plans to drill a new vertical well on its Pearl lease in Nueces County. Located about 3.8 miles west of Driscoll, the well targets the Agua Dulce field to a depth of 7,200 feet.