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Laredo Extending Wolfcamp Lateral to Cut Well Costs, Grow EURs

Laredo Petroleum has detailed its latest completion design strategy and how it has reduced well costs across the board. Additionally, the company has detailed its plan to increase laterals to 10,000'.



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 Regional Activity (April 23, 2015 to May 23, 2015)

Most Active Operator By Permits

Company Ver  Hz   Total
MATADOR RESOURCES COMPANY 0 7 7
ANADARKO PETROLEUM CORPORATION 1 5 6
EOG RESOURCES, INC. 0 5 5
CHEVRON CORPORATION 0 4 4
CONCHO RESOURCES, INC. 1 3 4
ROYAL DUTCH SHELL 0 3 3

More Wolfcamp Midland Companies

Most Active Counties By Permits

County Ver  Hz   Total
REEVES,Tx 0 14 12
LOVING,Tx 0 11 11
CULBERSON,Tx 0 5 5
WARD,Tx 2 2 4
LEA,NM 0 3 3
MITCHELL,Tx 2 0 2

 Drilling Permits Trends ( May 2014 - May 2015)


  Active Companies & profiles
Wolfcamp Midland Companies >>
  Company Capex - 2015
Concho Resources Inc. plans to spend XXXXXX to drill & frac XXXXXX wells in the Wolfcamp Midland in 2015. The company plans to operate XXXXXX rigs.

Apache Corp. plans to spend XXXXXX to drill & frac XXXXXX wells in the Wolfcamp Midland in 2015. The company plans to operate XXXXXX rigs.

Occidental Petroleum Corporation plans to spend XXXXXX to drill & frac XXXXXX wells in the Wolfcamp Midland in 2015. The company plans to operate XXXXXX rigs.

Pioneer Natural Resources Co. plans to spend XXXXXX to drill & frac XXXXXX wells in the Wolfcamp Midland in 2015. The company plans to operate XXXXXX rigs.

Energen Corp. plans to spend XXXXXX to drill & frac XXXXXX wells in the Wolfcamp Midland in 2015. The company plans to operate XXXXXX rigs.

Parsley Energy Inc. plans to spend XXXXXX to drill & frac XXXXXX wells in the Wolfcamp Midland in 2015. The company plans to operate XXXXXX rigs.

More Capital Budgets 2015

Wolfcamp Midland Overview



What is the Wolfcamp Shale?

The Wolfcamp Shale is an oil and gas zone found throughout the permian basin.  See (Permian Basin Geologic Break down) below. However horizontal development over the last few years has been on developing the wolfcamp in the Delaware and Midland Basins. 

Permian Basin Geologic Breakdown (Wolfcamp in Red)

 

Delaware Basin Wolfcamp Shale

Delaware Wolfcamp Shale is a separate formation that lies beneath the Bone Spring, it is about 2000' thick.…

 Wolfcamp Midland Map



Latest Midstream Projects
Project Name Completion date Capacity (MBOPD)
Wolfcamp Connector Expansion  - -
Ramsey II Processing Facility  - -
Red Bluff Project  - -
Total   -
 Click Here to More Projects

  Wolfcamp Midland - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
11/24/2014 American Energy Partners to Bolster Wolfcamp Position $440 Asset
10/31/2014 Mexco Acquires Interest in Eagle Ford, Permian Leases $2 A&D
09/18/2014 LINN, ExxonMobil Swap California, Wolfcamp Assets --- A&D
09/02/2014 Callon Bolsters Permian Position; Seals Deal for Acreage $205 Acreage
08/21/2014 West Texas Resources Picks Up Palo Duro Basin Prospect --- Property
08/13/2014 Athlon to Acquire Undeveloped Permian Acreage; Multi-Play Potential $382 Acreage
07/25/2014 RSP Permian Bolts On Northern Midland Core for $257 Million $257 Acreage
07/21/2014 Diamondback to Up Ante in the Permian Wolfcamp; Eyes Interests $538 Property
06/09/2014 Victory Energy Closes Sale of Working Interest in Glasscock County $4 Property
06/09/2014 American Energy Partners Enters the Permian; Seals Mega-Deal $2,500 Property
 

Wolfcamp Midland Transactions By Month ($MM)

Wolfcamp Midland Strats, Maps, Type Logs and More
Permian Basin - Mutliple Pay Zone
Permian Basin Map
Southern Midland Top Acreage Holders
Delaware Basin Strat
Wolfcamp Shale - Southern Midland Basin