Permian Basin likely to receive more drilling as permits from local companies roll in

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Permian Basin experiences an uptick in drilling permit applications. | Stock image

Permian Basin drilling is likely to experience a sizable uptick after a slowdown earlier this year, the Houston Chronicle reported

During the week of June 3-9, 42 companies filed with the Texas Railroad Commission for a total of 109 drilling permits, the story said. That is more than double the 53 permits filed the week before. Nearly half of the permits pertain to Permian Basin projects.

Pioneer Natural Resources from Irving filed 23 permit requests. The company is investigating horizontal wells in the Spraberry field located in Midland and Martin counties. 

Double Eagle Developmentin Fort Worth filed for 12 permits, also aimed at the Spraberry field in Midland. 

WPX Energy filed for 10 permits that are aimed at Wolfcamp and Bone Spring formations in Ward and Loving counties. WPX is located in Tulsa.

Midland-based Diamondback Energy is looking to drill seven horizontal wells, aimed at Pecos, Reeves and Martin counties’ geological formations. 

The Callon Petroleum plans include two horizontal wells in La Salle County, which will be aimed at the Eagleville field with a depth of 12,000 feet. 

Comstock Resources hopes to drill for a natural gas well aimed at the Carthage field of the Haynesville formation at 12,000 feet deep. 

Additionally, the oil major Total is looking to complete a horizontal well that was previously started in Fort Worth’s city limits. The project would be aimed at the Newark East field of Barnett’s geological layer at 9,000 feet deep.

Finally, Dan A. Hughes Co. is seeking to drill a vertical oil well to reach the Kenedy County Stillman field at 10,900 feet deep.

From June 3 to 9, the top 10n drillers in Texas were Pioneer Natural Resources, Double Eagle Development, WPX Energy, Diamondback Energy, CrownQuest Operating, Blackbeard Operating, Ring Energy, SM Energy, Ruckus Energy and Callon Petroleum.