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Of the 20 gross well proposals received from Pioneer Natural Resources to date, 13 wells are currently producing, 4 are in various stages of completion, and 3 are drilling.
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.…