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A Tale of Two Wolfcamps: Delaware and Midland Basins
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The Permian Basin's Wolfcamp play is very large, with different characteristics in the Northern Midland, Southern Midland, and Delaware Basin. Looking at presentations from Approach and Anadarko, we can see the different ways the Wolfcamp is exploited in the two Basins.
Anadarko's largely contiguous position of 245,000 net acres in the Delaware Basin:
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It appears the company is targeting the Bone Spring, Wolfcamp A, Upper B, Lower B and C, though in a conference call from May 20, 2014 the EVP for North American E&P, Chuck Meloy stated that 90% of the wells target what company calls the "Upper A" Wolfcamp zone.
Because of the depth and greater complexity compared to the Midland Wolfcamp, Anadarko's Delaware position is primarily targeting one zone.
The difference in the…
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