Denver company finds success in Permian Basin’s Spraberry field

Denver oil company Discovery Natural Resources is finding success by drilling in the Permian Basin’s Spraberry field.

The company is seeking permission from the Railroad Commission to Texas to drill 10 horizontal wells targeting the West Texas geological layer in Reagan County to a total depth of 8,500 feet. The drilling project is in the company’s Bullhead lease about 10 miles northeast of Big Lake.

Discovery produced more than 3.8 million barrels of oil and nearly 27.5 billion cubic feet of natural gas in 2018. More than 90 percent of that oil and more than 81 percent of that natural gas came from the Spraberry.

Permian Basin

Fort Worth saltwater disposal well developer Boykin Energy is seeking to drill 10 injection wells on its Boatfield SWD lease in Reeves County. Located less than a mile northwest of Orla, the vertical wells target the Olds field of the Delaware geological layer down to a depth of 6,000 feet.

Eagle Ford Shale

Former Occidental Petroleum CEO Steve Chazen continues to find success with his new company in South Texas. Chazen’s new venture, Magnolia Oil & Gas, plans to drill one horizontal well targeting the Austin Chalk geological layer in Fayette County and another seven targeting the Eagle Ford in Karnes County. The wells have a depth of 12,000 feet.

Haynesville Shale

Frisco-based Comstock Oil & Gas plans to drill a horizontal gas well on its Ambercrombie Vicent H lease in Harrison County. Located about 2 miles southwest of Waskom, the well targets the Carthage field of the Haynesville Shale down to a total depth of 13,000 feet.

Barnett Shale

A subsidiary of French oil company Total plans to go horizontal drilling and hydraulic fracturing inside the city limits of Cleburne. Working from a drilling pad on its NLBS lease off West Henderson Street, the company intends to target the Newark East field of the Barnett geological layer at a total depth of 9,000 feet. The horizontal portion of the well ends nearly a mile away underneath the Cross Creek Estates neighborhood.

Conventionals

Dan A. Hughes Co. plans to drill for oil about 50 miles southwest of Houston. The Beeville oil company is seeking permission to drill a vertical well on its Dahco-Yelderman lease in Brazoria County. Located about a mile northwest of Damon, the well targets the Damon Mound East field down to a depth of 6,000 feet.