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Laredo's Latest Cline, Wolfcamp Wells Outperform; Fourth Rig Added

Laredo Petroleum reported its Q3 2016 results.



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Top  Operators ( Jan 1, 2016 - Dec 03, 2016)

Laredo Petroleum, Inc. ( 60 )   

Occidental Petroleum Corp ( 54 )   

Parsley Energy Operations, Llc ( 51 )   

Surge Operating, LLC ( 45 )   

Pioneer Natural Resources Co. ( 45 )   

Permian Resources LLC. ( 33 )

EP Energy Corp ( 32 )

Diamondback Energy, Inc. ( 31 )

 Drilling Permits Trends ( Jan 2015 - Dec 2016)

Drilling Permits ( November 03, 2016 - December 03, 2016)
Date Approved Company county Well Name Well type Field/Zone
11-21-2016 Energen Corp. Glasscock Pecos Sn 43-31 04 204h Spraberry ( Trend Area )
11-21-2016 Encana Corp Howard Glass 38e 3hk Spraberry ( Trend Area )
11-09-2016 Legacy Reserves Lp Howard Prichard D 4ah Spraberry ( Trend Area )
11-09-2016 Legacy Reserves Lp Howard Prichard D 4sh Spraberry ( Trend Area )
11-04-2016 Legacy Reserves Lp Howard Prichard B 2ah Spraberry ( Trend Area )
11-04-2016 Legacy Reserves Lp Howard Prichard B 2sh Spraberry ( Trend Area )
11-04-2016 Legacy Reserves Lp Howard Prichard C 3ah Spraberry ( Trend Area )
11-04-2016 Legacy Reserves Lp Howard Prichard C 3sh Spraberry ( Trend Area )
11-04-2016 Legacy Reserves Lp Howard Prichard I 9bh Spraberry ( Trend Area )
11-04-2016 Legacy Reserves Lp Howard Prichard J 10bh Spraberry ( Trend Area )




Cline Shale Overview



What is the Cline Shale?

The Cline Shale an emerging unconventional resource play on the eastern flank of the Midland basin that runs 140 miles north to south and is 70 miles wide, including portions of Coke, Fisher, Glasscock, Howard, Irion, Nolan, Mitchell, Scurry and Sterling counties. 

The Pennsylvanian-age play, which is largely targeted for its oil and natural gas liquids (NGL) potential, is found between 9,000-9,500 feet and is 200-350 feet thick. Initial estimates indicate the Cline…

 Cline Shale Map



Latest Midstream Projects
Project Name Completion date Capacity (MBOPD)
Cline Shale Pipeline System  - -
Total   -
 Click Here to More Projects

  Cline Shale - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
07/14/2016 Laredo Acquires Bolt-On Acreage Position in the Midland Basin $125 Acreage
01/24/2014 Athlon Energy Acquires Midland Basin Assets For $88 million $88 Property
08/01/2012 Devon Energy Announces $1.4 Billion Wolfcamp and Cline JV $1,400 JV
05/13/2012 Concho Resources Inc. to Acquire Oil & Gas Assets in the Permian Basin $1,000 M&A
06/16/2011 Laredo Petroleum To Acquire Cline Shale Acreage Holder Broad Oak Energy $1,000 M&A
 
Cline Shale Strats, Maps, Type Logs and More
Permian Basin - Mutliple Pay Zone
Wolfcamp and Cline Zones
Geology
Cline and Wolfcamp View