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The company plans to invest additional $100-$150mm in 2H16 to drill ≈ 35-50 net wells that will be available for completion in 2017.
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.
Delaware Wolfcamp Shale is a separate formation that lies beneath the Bone Spring, it is about 2000' thick.…