2 producers end long periods without permits
Two Texas oil companies have broken a period of almost a year without receiving drilling permits.
Austin oil company Parsley Energy ended a two-month period without drilling permits.
Parsley received three permits from the Texas Railroad Commission on June 1 to drill three horizontal wells on three leases in Midland County.
Expected to produce oil and gas, the wells target the Spraberry field at total depths ranging from 9,530 to 9,830 feet.
The ongoing oil price collapse prompted Parsley to slash capital spending by up to $800 million.
Prior to this batch of projects, the company had not received a new drilling permit since April 1.
Permian Basin
Midland oil company Piedra Resources has received its first drilling permits in nearly a year. The company plans to drill five horizontal wells on state-owned land in Andrews County. The wells target the Spraberry field at total depths ranging from 9,200 to 9,000 feet.
Eagle Ford Shale
Schertz exploration and production company Tidal Petroleum plans to drill a pair of horizontal wells in oil-rich Karnes County. The company is seeking permission to drill a pair of wells targeting the Sugarkane field of the Austin Chalk formation to a total depth of 10,650 feet.
Haynesville Shale
There were no horizontal drilling permits filed in East Texas, but Tyler oil company Tanos Exploration plans to recomplete a vertical well on a lease in Panola County. The project targets the Briggs field of the Rodessa formation to a vertical depth of 8,350 feet.
Barnett Shale
North Texas has now gone a month without any new horizontal drilling permits, but Cisco oil company Anderson Production plans to recomplete an injection well on a lease in Shackelford County. The well targets the Caddo formation to a vertical depth of 3,650 feet.
Conventionals
Arlington oil company Bowerman Investments plans to go wildcatting on the company’s Jeffcoat lease in Concho. Located 13 miles southwest of Eden, the vertical well targets the Wildcat field to a vertical depth of 2,850 feet