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Bone Spring News

Large PE-Backed Permian E&P Looking for Buyer; Deal Value Could Top $2.0B

Large PE-Backed Permian E&P Looking for Buyer; Deal Value Could Top $2.0B

Advance Energy Partners is on the hunt for a buyer, according to a report by Reuters. Asset Portfolio Advance Energy Partners is backed by Encap Investments and its…

Matador Resources First Quarter 2021 Results

Matador Resources First Quarter 2021 Results

Matador Resources Co. reported financial and operating results for the first quarter of 2021. Joseph Wm. Foran, Matador’s Chairman and CEO, commented, “On both our website and the…

Matador Preps to Drill at Stateline Asset; Two-Rig, Nine Well Program

Matador Preps to Drill at Stateline Asset; Two-Rig, Nine Well Program

Matador Resources Co. announced the successful approval and receipt of 14 drilling permits from the Bureau of Land Management (BLM). The permits are for operations at its Stateline…

Rosehill Resources Spending Over 30% Less in 2020; Cuts Rig Count in Half

Rosehill Resources Spending Over 30% Less in 2020; Cuts Rig Count in Half

Rosehill Resources Inc. has reported its 2020 guidance and capital plan. The company is a pure-play Delaware Basin operator and boasts over 13,000 net acres in the region.…

EOG Touts New Permian Land Zone; Wolfcamp, Third Bone Spring

EOG Touts New Permian Land Zone; Wolfcamp, Third Bone Spring

In its Q3 2019 report and presentation, EOG Resources detailed a promising new zone in the Delaware Basin, which centers on two additional plays. The landing zone features…

Centennial G&A Up; Production Flat; New Wells Results

Centennial G&A Up; Production Flat; New Wells Results

Centennial Resource Development, Inc. announced financial and operational results for the third quarter 2019. Something interesting is happening with the company, unlike its peers, the company G&A is…

WPX Ups Oil Guidance for 2019; Cuts Debt Load, Talks 2020

WPX Ups Oil Guidance for 2019; Cuts Debt Load, Talks 2020

WPX Energy reported its Q3 results. Below are highlights (for the full release, scroll down below analysis). 2020 (10-15 % below what they did in 2019) In its…

Abraxas Suspends Delaware Basin Ops Until 2020; Details Pad Drilling Results

Abraxas Suspends Delaware Basin Ops Until 2020; Details Pad Drilling Results

Abraxas Petroleum has detailed an update on its Permian operations. Delaware Basin After the fracing of the Greasewood Pad (see below), drilling operations in the Delaware Basin have…

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…

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…

Bone Spring Well Completion Trend

Bone Spring Map

Bone Spring Rig Data: August 15, 2026

Bone Spring Overview

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…

Bone Spring Transactions By Quarter ($MM)