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Wolfcamp Shale News

Top Wolfcamp Shale Operators By Rig Count/Locations
(as of 07/25/2021)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 23 24 -1 +16
Mewbourne Oil Company 13 12 +1 +11
Subscribe to See 11 11 --- +10
Subscribe to See 11 12 -1 +2
Subscribe to See 9 10 -1 +9
Subscribe to See 9 10 -1 +6
Subscribe to See 8 8 --- +2
Subscribe to See 7 7 --- +5
Subscribe to See 7 5 +2 -18
Subscribe to See 6 7 -1 +5


Top Wolfcamp Shale County By Rig Count/Locations
(as of 07/25/2021)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 40 40 --- +21
EDDY 31 32 -1 +3
Subscribe to See 27 29 -2 +15
Subscribe to See 24 24 --- +5
Subscribe to See 20 23 -3 +14


 Wolfcamp Shale Top Operators
(Undrilled-Permits)
Company    Last 12 Months
EOG Resources, Inc.    466
Occidental Petroleum Corp    339
Devon Energy Corp    231
   161
   125
   124
   112
   87

   Drilling Permits Trends ( Last 24 Months)


Wolfcamp Shale - Drilling Permits ( June 25, 2021 - July 25, 2021)
Date Approved county Well Name Well type Well Bore Type Field/Zone Well Status
CGS Operating, LLC
07-12-2021 Dawson Bluebonnet A Unit M 1h Oil Horizontal Spraberry (trend Area) Undrilled
Rio Oil & Gas II LLC
07-12-2021 Reeves Harrison State Unit 14 1ha Oil Horizontal Phantom (wolfcamp) Undrilled
07-12-2021 Reeves Harrison State Unit 14 2ha Oil Horizontal Phantom (wolfcamp) Undrilled
Laredo Petroleum Inc.
07-12-2021 Howard Conner 15-10 (alloc-a) 1nb Oil Horizontal Spraberry (trend Area) Undrilled
07-12-2021 Howard Conner 15-10 (alloc-c) 3nb Oil Horizontal Spraberry (trend Area) Undrilled
07-12-2021 Reeves Blue Topaz State Unit 251-252w 3h Oil Horizontal Wolfbone (trend Area) Undrilled
07-12-2021 Reeves Blue Topaz State Unit 251-252w 4h Oil Horizontal Wolfbone (trend Area) Undrilled
07-12-2021 Reeves Blue Topaz State Unit 251-252w 5h Oil Horizontal Wolfbone (trend Area) Undrilled
07-12-2021 Reeves Blue Topaz State Unit 251-252w 11h Oil Horizontal Wolfbone (trend Area) Undrilled
07-12-2021 Reeves Blue Topaz State Unit 251-252e 6h Oil Horizontal Wolfbone (trend Area) Undrilled

  Wolfcamp Shale - Drilling Activity (2016 - 2021 YTD)


 Wolfcamp Shale - Well Completion Trend


Completions By
Company
2021(YTD)
Count
Pioneer Natural Resources Co. 178
Occidental Petroleum Corp 89
EOG Resources, Inc. 82
69
65
Completions By
County
2021(YTD)
Count
Martin 189
Midland 153
Howard 145
130
130

 Wolfcamp Shale Map

 Wolfcamp Shale Rig Data : July 25, 2021


Drilling Trends from May 4, 2011 - July 25, 2021

 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 $102
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $500
06/09/2021 Independence Energy Corp. Contango Oil & Gas Co. Contango to Merge with PE-Backed Independence Energy in All-Stock Deal ---
06/02/2021 Colgate Energy Partners III LLC Luxe Energy Llc Colgate to Acquire Luxe Energy's Delaware Basin Assets in All-Stock Deal ---
05/24/2021 Cabot Oil & Gas Corp Cimarex Energy Co. Cabot Oil & Gas, Cimarex to Combine in $17 Billion Enterprise Deal ---
05/20/2021 Percussion Petroleum II, LLC Oasis Petroleum Inc. Oasis Petroleum Sells Permian Asset to PE-Backed E&P for $450 Million $450
05/18/2021 Empire Petroleum Corp. XTO Energy Inc.,ExxonMobil Empire Acquires Delaware Basin Assets from Exxon for $17.8MM $18
05/10/2021 Sixth Street Partners LLC Laredo Petroleum Inc. Laredo to Sell Interest in Midland Basin Assets for $405 Million $405
05/10/2021 Laredo Petroleum Inc. Sabalo Energy, LLC Laredo to Acquire PE-Backed Sabalo Energy in $715MM Deal $715
05/04/2021 Not Disclosed Diamondback Energy, Inc. Diamondback Unloads Non-Core Permian Assets in $87MM Deal $87
 

  Wolfcamp Shale Transactions By Quarter ($MM)