DRILLING DOWN
Jerry Jones’ Comstock Resources plans to drill new wells in the Haynesville Shale.
Comstock Resources, an oil and natural gas company controlled by Dallas Cowboys billionaire owner Jerry Jones, plans to drill new wells in East Texas.
The exploration and production company filed for four drilling permits over the past week with the Texas Railroad Commission, the state agency that regulates the oil and gas industry.
Located on the company’s Abercrombie Vincent H lease in Harrison County, the horizontal wells target the Carthage field of the Haynesville geological formation, which is rich in natural gas.
Comstock made a power play in the Haynesville last year after buying rival Covey Park Energy in a $2.2 billion deal that closed in July 2019.
Permian Basin
Dutch oil major Shell continues plans to drill four new horizontal wells in an area of West Texas known as the Delaware Basin. Located in Loving County, the four wells target the Phantom field of the Wolfcamp geological formation to a depth of 12,000 feet.
Eagle Ford Shale
Houston oil giant Conoco Phillips plans to drill three new horizontal wells in DeWitt County. Located on the company’s Stanchos Unit A lease about 6.5 miles northwest of Yorktown, the wells target the DeWitt field of the
Eagle Ford geological formation to a depth of 17,500 feet.
Haynesville Shale
Comstock Resources is not the only company drilling in East Texas. Tyler-based Tanos Exploration also plans to drill a new horizontal well in Harrison County. The gas well targets the Carthage field of the Haynesville formation to a depth of 11,380 feet.
Barnett Shale
There were no horizontal drilling permits filed in the North Texas shale play over the past week, but Graham exploration and production company B.O.L.D. Oil & Gas plans to drill a vertical well targeting the Caddo, Marble Fallas, Mississippi Lime and other geological targets to a vertical depth of 4,999 feet.
Conventionals
Tyler oil company Rose City Resources plans to drill a pair of vertical wells on leases in Cass and Morris counties. The conventional oil wells both target the Cotton Valley limestone formation at vertical depths ranging from 11,900 to 12,300 feet.