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Wolfcamp Shale News

Top Wolfcamp Shale Operators By Rig Count/Locations
(as of 02/05/2023)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 23 22 +1 -1
Chevron Corp 19 17 +2 +16
Subscribe to See 19 19 --- +8
Subscribe to See 17 17 --- +7
Subscribe to See 17 18 -1 +5
Subscribe to See 15 14 +1 +4
Subscribe to See 12 13 -1 +1
Subscribe to See 12 12 --- +5
Subscribe to See 11 11 --- +1
Subscribe to See 7 7 --- +2


Top Wolfcamp Shale County By Rig Count/Locations
(as of 02/05/2023)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 62 58 +4 +18
MIDLAND 40 39 +1 +1
Subscribe to See 33 40 -7 +8
Subscribe to See 32 31 +1 +5
Subscribe to See 28 27 +1 +9


 Wolfcamp Shale Top Operators
(Undrilled-Permits)
Company    Last 12 Months
Pioneer Natural Resources Co.    520
Occidental Petroleum Corp    260
EOG Resources, Inc.    250
   238
   228
   206
   149
   148

   Drilling Permits Trends ( Last 24 Months)


Wolfcamp Shale - Drilling Permits ( January 06, 2023 - February 05, 2023)
Date Approved county Well Name Well type Well Bore Type Field/Zone Well Status
Extech Operating LLC
01-20-2023 Stonewall Clark 1 Oil Well Vertical Undrilled
Colgate Energy Partners III LLC
01-20-2023 Ward Shell 41 Unit 221h Oil & Gas Horizontal Undrilled
01-20-2023 Ward Shell 41 Unit 131h Oil & Gas Horizontal Undrilled
01-20-2023 Ward Shell 41 Unit 232h Oil & Gas Horizontal Undrilled
01-20-2023 Ward Shell 41 Unit 332h Oil & Gas Horizontal Undrilled
01-20-2023 Ward Shell 41 Unit 331h Oil & Gas Horizontal Undrilled
Three Span Oil Gas Inc
01-20-2023 Scurry Mapache Grande 229 1h Oil & Gas Horizontal Undrilled
01-20-2023 Fisher Swenson 1 Service Well Vertical Undrilled
01-20-2023 Fisher W. W. Holman 4 Service Well Vertical Undrilled
01-19-2023 Reagan Tsrh East 18-20 C 3a Oil & Gas Vertical Undrilled

  Wolfcamp Shale - Drilling Activity (2016 - 2023 YTD)


 Wolfcamp Shale - Well Completion Trend


 Wolfcamp Shale Map

 Wolfcamp Shale Rig Data : February 5, 2023


Drilling Trends from May 4, 2011 - February 5, 2023

 Wolfcamp Shale Overview



The Wolfcamp Shale is an oil and gas formation found throughout the Permian Basin.  (See Permian Basin Geologic Break down below.) Historically, development in the Permian has been mostly vertical. In the last few years, however, companies have shifted focus to horizontal development. Specifically in the Wolfcamp A, Wolfcamp B, Wolfcamp C, and Wolfcamp D and, more recently the Wolfcamp XY in the Delaware Basin.

It is important to note that the Wolfcamp Shale (Wolfcamp A, B, C, D) can be found in all three basins, the Midland, Delaware…


  Wolfcamp Shale - Mergers & Acquisition

Announce Date Buyer Seller Title Value $MM
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $98
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $1,600
10/11/2022 Diamondback Energy, Inc. Firebird Energy LLC Diamondback to Acquire Permian E&P Firebird for $1.6B in Cash/Stock $1,600
09/30/2022 Northern Oil and Gas, Inc. Alpha Energy Partners NOG Acquires Northern Delaware/Permian Assets for $157 Million $125
09/13/2022 US Energy Development Corp Not Disclosed U.S. Energy Development Corp Acquires More Permian Assets $60
08/23/2022 Brigham Minerals Inc. Avant Natural Resources Brigham Minerals Inks $133MM Cash Deal for Midland Basin Minerals, Royalties $133
08/17/2022 Northern Oil and Gas, Inc. Laredo Petroleum Inc. Northern Oil Picks Up Midland Basin Assets for $110 Million in Cash $110
08/04/2022 APA Corp. Not Disclosed APA Corp. Ups Ante in the Delaware Basin; Acquires Property for $555 Million $555
06/28/2022 Earthstone Energy Inc. Titus Oil & Gas Production, LLC Earthstone Acquires Permian Assets of PE-Backed E&P for $575 Million $575
05/19/2022 Permian Resources Corp. Colgate Energy Partners III LLC Centennial and PE-Backed Colgate Combine $3,900
 

  Wolfcamp Shale Transactions By Quarter ($MM)