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Permian E&P Looking to Rebuild DUC Inventory; Boosts Spending for 2H16

The company plans to invest additional $100-$150mm in 2H16 to drill ≈ 35-50 net wells that will be available for completion in 2017.



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Top  Operators ( Jan 1, 2016 - May 06, 2016)

EOG Resources, Inc. ( 27 )   

Anadarko Petroleum Corp ( 27 )   

Royal Dutch Shell plc ( 19 )   

American Energy Permian Basin, LLC ( 16 )   

Cimarex Energy Co. ( 14 )   

XTO Energy Inc. ( 10 )

Matador Resources Company ( 9 )

BHP Billiton Limited ( 8 )

 Drilling Permits Trends ( Jan 2015 - May 2016)

Drilling Permits ( April 06, 2016 - May 06, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
04-23-2016 EOG Resources, Inc. Lea Braswell 16 State 707h Wolfcamp
04-23-2016 EOG Resources, Inc. Lea Braswell 16 State 708h Wolfcamp
04-23-2016 Matador Resources Company Eddy Guitar 10 24 28 Rb 222h Wolfcamp
04-23-2016 Matador Resources Company Eddy Charlie Sweeney 31 23 28 Rb 221h Wolfcamp
04-23-2016 Matador Resources Company Eddy Charlie Sweeney 31 23 28 Rb 225h Wolfcamp
04-23-2016 Matador Resources Company Eddy Charlie Sweeney 31 23 28 Rb 205h Wolfcamp
04-23-2016 Matador Resources Company Eddy Charlie Sweeney 31 23 28 Rb 201h Wolfcamp
04-22-2016 Brigham Resources Operating, Llc Pecos Mcintyre State 38 1h Phantom ( Wolfcamp )
04-22-2016 Anadarko Petroleum Corp Reeves Teton 56-2-26 Unit D 1h Phantom ( Wolfcamp )
04-22-2016 Anadarko Petroleum Corp Loving Eleventh Hour 54-2-17 Unit 1h Phantom ( Wolfcamp )

Wolfcamp Shale 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)

 

Wolfcamp (Delaware Basin) Shale

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

 Wolfcamp Shale Map



  Wolfcamp Shale - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
04/04/2016 Parsley to Bulk Up in the Permian; Inks Deal for Acreage, Properties $359 Property
08/04/2015 Permian E&P Bolts On Midland Basin Wolfcamp Acreage Position $274 Property
07/06/2015 Linn Energy Lets Go of Remaining Wolfcamp Assets $281 Property
10/31/2014 Mexco Acquires Interest in Eagle Ford, Permian Leases $2 Property
09/18/2014 LINN, ExxonMobil Swap California, Wolfcamp Assets --- Property
09/02/2014 Callon Bolsters Permian Position; Seals Deal for Acreage $205 Property
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 Property
07/25/2014 RSP Permian Bolts On Northern Midland Core for $257 Million $257 Property
07/21/2014 Diamondback to Up Ante in the Permian Wolfcamp; Eyes Interests $538 Property
 

Wolfcamp Shale Transactions By Month ($MM)

Wolfcamp Shale 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