The Permian Basin should see a host of new wells if permit application and activity over the past year up until this month is any indication.
Hunt Oil Co. applied with the Railroad Commission of Texas for seven drilling permits, planning on horizontal wells in Glasscock County that would reach 7,000 to 9,000 feet, the Houston Chronicle reported.
Additionally, 70 of the 80 drilling permits that Hunt applied for last year were in the Permian Basin, where it produced 11.5 million barrels of oil in the first 11 months of 2019.
Over in the Delaware Basin in Reeves County, Denver-based Centennial Resource Development is gearing up to drill eight horizontal wells that will reach more than 10,000 feet.
Four Texas companies are also expanding their reach into the Permian Basin, according to the Chronicle.
WTX Capital Investments, which is based in Austin, is thinking vertically: to depths of 450 to almost 490 feet, to be specific. The company plans three new vertical wells in Jack County, adding to its production capacity on its Lester Smith lease in Jack County.
Deeper into the heart of South Texas, Hilcorp Energy Co., which is based in Houston, is planning a new vertical gas well its Uribe lease, which is located in Zapata County. It will have a vertical depth of 7,570 feet, extending through several geological layers including the Wilcox.
Sabine Oil & Gas, an exploration and production company that is also based in Houston, is planning to drill two gas wells in Cotton Valley in Henderson East.