December 14, 2016: new operator to pay about $40,000 / acre in the Permian (Wolfcamp, Bone Spring).
December 14, 2016: one of the few plays in which the proved reserves increased in 2015 -- Wolfcamp and Bone Spring.
June 21, 2016: update on the Permian, Forbes.
April 28, 2016: for Pioneer Natural Resources, cash costs down to $14/bbl.
February 21, 2014: Permian Wolfcamp valued at $61,600/acre.
August 26, 2013: Nice map. Mike Filloon on the Permian.
June 4, 2013: see February 5, 2013, story. Chinese have closed on the previously announced deal.
February 5, 2013: Chinese company to buy assets in Wolfcamp.
January 30, 2013: the Cline Shale and the Wolfcamp overlap each other in the Midland, Texas, area.
May 22, 2012: Nice article on Cline Shale, the source rock for the Wolfcamp Formation (2nd page of a 3-page article.
Original PostLink here.
I won't be following this on a regular reader, but readers may be interested in the "next big thing (?)."
Spanning numerous counties across West Texas, the Wolfcamp formation is located below the long-plied Spraberry field, which helped make Midland, Texas, oil-central starting in the early 1950s.The Wolfcamp has been mentioned twice before on this blog, first by Papa/EOG and second by CHK.
Its location in the Midland Basin is within the larger Permian Basin.
Sheffield and other oil experts say the Wolfcamp is probably the thickest of any onshore U.S. oil shale play, with up to 1,000 feet of potential payout across hundreds of thousands of acres.
The thickness of the Bakken varies throughout the Williston Basin, but its generally between ten and 200 feet thick. A thousand-foot payzone onshore is .... well, for me, unheard of.
Drill, drill, drill.