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Midland Basin-Wolfcamp

Midland Basin-Wolfcamp News

Torchlight Begins Frac Ops at Midland Basin Hazel Project

Torchlight Begins Frac Ops at Midland Basin Hazel Project

Torchlight Energy Resources, Inc. reported that the operator of its Hazel Project has completed hydraulic fracturing operations. The project is located in the Midland Basin and targets the…

Earthstone Wraps Up 2020 Drilling, Releases Rig; Puts Curtailments Back Online

Earthstone Wraps Up 2020 Drilling, Releases Rig; Puts Curtailments Back Online

Earthstone Energy, Inc. has provided an update to its operations and 2020 production guidance. Wraps Up 2020 Drilling, Releases Rig In late May, Earthstone concluded its 2020 drilling…

SM Ups 2019 Production Guidance as Wolfcamp D, Austin Chalk IP30s Impress

SM Ups 2019 Production Guidance as Wolfcamp D, Austin Chalk IP30s Impress

SM Energy Co. reported that its Q2 2019 production is exceeding expectations due to better than expected well performance, which are detailed below. Full guidance changes can be…

Callon's Drilling Ops Up Over +30% YOY in Q1; Spending, Production Also Jumps

Callon's Drilling Ops Up Over +30% YOY in Q1; Spending, Production Also Jumps

Callon Petroleum Co. reported its Q1 2019 results. Highlights from its report and presentation follow. Q1 Summary - Well Activity (gross): Drilled 21 wells / TIL 13 wells…

SM's Permian Completions Jump +71% YOY as Eagle Ford Drops 60%; Touts Latest IP30s

SM's Permian Completions Jump +71% YOY as Eagle Ford Drops 60%; Touts Latest IP30s

SM Energy Co. reported its Q1 2019 results. Highlights from its report and presentation are below. Q1 Summary: Permian Ops Up +71% YOY as Eagle Ford Drops -60%…

Diamondback's Drilling Up 41% YOY; Focuses on Cutting Costs Post-Merger

Diamondback's Drilling Up 41% YOY; Focuses on Cutting Costs Post-Merger

Diamondback Energy, Inc. reported its Q1 2019 results. Here are the highlights from its report and presentation. Q1 Summary - Q1 D&C Spend: Diamondback spent $533 million during…

Pioneer Touts Q1 Wolfcamp D IP24s at 4,100 BOEPD; Drilling Activity Up 13% YOY

Pioneer Touts Q1 Wolfcamp D IP24s at 4,100 BOEPD; Drilling Activity Up 13% YOY

Pioneer Natural Resources Co. reported its Q1 2019 results. Here are the highlights. During Q1, the Company's Permian drilling, completion and facilities capital expenditures totaled $831 million. Pioneer…

Company Drills Longest Permian Lateral Ever at Over 17,900' (~3.4 Miles)

Company Drills Longest Permian Lateral Ever at Over 17,900' (~3.4 Miles)

Moss Creek Resources Holdings Inc., a wholly owned subsidiary of Surge Energy US Holdings Company, has reportedly drilled the longest known lateral in the Permian Basin. According to…

SM Turns on Taps at 25-Well Merlin Maximus Pad; Spraberry, Wolfcamp Targets

SM Turns on Taps at 25-Well Merlin Maximus Pad; Spraberry, Wolfcamp Targets

SM Energy Co. detailed its recent operations on its 25-well Merlin Maximus development (targeting the Spraberry / Wolfcamp) within its RockStar area. All 25 wells were drilled and…

Approach's Output to Decline for Third Straight Year as D&C Ops Deferred

Approach's Output to Decline for Third Straight Year as D&C Ops Deferred

Approach Resources has detailed its 2019 capital plan. In its Q4 conference call, the company noted that it will be deferring D&C activity until commodity prices rebound: "Considering…

Midland Basin-Wolfcamp Well Completion Trend

Midland Basin-Wolfcamp Map

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Midland Basin-Wolfcamp Rig Data: August 26, 2026

Midland Basin-Wolfcamp Overview

The Wolfcamp has been drilled extensively in the more mature Midland Basin and Central Basin Platform via commingled verticals–namely the Wolfberry and Wolffork plays, respectively. The Wolfcamp reservoir is Leonardian (early Permian) in age and because it is deeper than the Spraberry or Dean, the formation was not drilled until later, starting in the 1960s. Early results were inconsistent and early operators struggled with the complex reservoir distribution and abrupt lateral facies changes.

In the early 1990s, companies began to use 3D seismic to map the play, and the well…

Midland Basin-Wolfcamp Mergers & Acquisitions

Midland Basin-Wolfcamp Transactions By Quarter ($MM)