What is the Permian Bone Spring?
The Bone Springs horizontal oil play in the Delaware Basin, including the Avalon/Leonard Shale, spans from southeast New Mexico into west Texas. Drilling has revived since early wells spud ten years ago, but upside is limited for most E&Ps. Stacked, multi-pay reservoirs, each with diverse rock properties, introduce upside potential but also complexity.
The Bone Spring series includes first, second and third Bone Spring sands and corresponding carbonates, and the shallower Avalon Shale, which also stands on its own as a separate play in some instances.
The initial targets in the Bone Spring were conventional sandstones. Wells then tapped into carbonate lenses and, ultimately, low permeability sandstones. Due to horizontal drilling technology combined with hydraulic fracturing, very thin sands and other facies are now being produced.
Map showing, Avalon, 3rd Bone Spring, Wolfcamp Shale, Wolfbone
Bone Spring News
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Large PE-Backed Permian E&P Looking for Buyer; Deal Value Could Top $2.0B
June 21,2021 -
Matador Resources First Quarter 2021 Results
April 29,2021 -
Matador Preps to Drill at Stateline Asset; Two-Rig, Nine Well Program
December 17,2019 -
Rosehill Resources Spending Over 30% Less in 2020; Cuts Rig Count in Half
December 17,2019 -
EOG Touts New Permian Land Zone; Wolfcamp, Third Bone Spring
November 08,2019 -
Centennial G&A Up; Production Flat; New Wells Results
November 05,2019 -
WPX Ups Oil Guidance for 2019; Cuts Debt Load, Talks 2020
November 05,2019 -
Abraxas Suspends Delaware Basin Ops Until 2020; Details Pad Drilling Results
October 03,2019 -
Callon's Drilling Ops Up Over +30% YOY in Q1; Spending, Production Also Jumps
June 03,2019