oil & gas assets

Permian Scout

Serving the local market with drilling activities, permits & multiple listings

Permian Scout
PLS publishes exploration news and drilling insights in West Texas and Southeast New Mexico through our Permian Scout.

Published every two (2) weeks, this regional report (RRC 7C, 8, & 8A) includes lead stories on drilling activity, successes and new projects while also reporting on drilling rigs, new permits, completions and P&A activity.

  • Stay in front of local prospects, plays & rigs!
  • West Texas, Southeast New Mexico
  • Hard Copy and Email For 1 Individual
  • Every 2 Weeks (22-25 issues per year)
  • Regional discoveries, drilling activity, permits,
    completions and summary drilling statistics, layered
    with regional listings and business opportunities.
  • Web access to the Permian Scout archive.
  • Does not include access to MLS


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Headline
Publication
News Date
PS - Cimarex focuses on Culberson, the oiliest county in the Delaware - January 8, 2020
Cimarex Energy scaled back its completion activity in 4Q19 after being more active the prior two quarters. The company had plans to bring 11 wells online during the quarter, compared to 21 in Q3 and 40 in Q2. Six of those Q4 completions were recently released in state data, all on the Aristides project in Culberson County, Texas. The six Aristides wells targeted the Upper Wolfcamp with effective laterals averaging 10,253 ft. Completed in the first part of October, the wells were fracked...
Jan 08, 2020
PS- Oxy’s Mesa Verde Wolfcamp wells flow 590 boe/d per 1,000 ft - January 8, 2020
Occidental Petroleum completed four top-tier wells on its Mesa Verde Wolfcamp Unit in Lea County, New Mexico. The Mesa Verde Wolfcamp Unit #5-8H were completed with 10,038-ft effective laterals fracked with 21.2 MMlb of proppant. Initial 24-hour rates averaged 5,925 boe/d (74% oil) per well, or 590 boe/d per 1,000 lateral ft, ranking in the top quartile of IP24s in Lea County. One well delivered Oxy’s thirdhighest IP24 to date in the Permian Basin, excluding Anadarko Petroleum wells. Sporting a...
Jan 08, 2020
PS - Regional Highlights - January 8, 2020
The EIA projects that Permian production will rise by 48,000 bo/d and 213 MMcf/d sequentially in January to 4.742 MMbo/d and 17.077 Bcf/d. There were 3,559 DUCs in the Permian as of November, down by 20 compared to...
Jan 08, 2020
PS - Diamondback Energy Highlights - January 8, 2020
After seeing oil production fall in 3Q19, Diamondback Energy rebounded in Q4 and returned to growth. Q3 was affected by the divestment of 5,800 bo/d in the Central Basin Platform as well as the shut-in of wells due to offset fracs. The impact of offset frac interference subsided in Q4 with field-level production in Howard County, Texas, rebounding as expected. Q4 volumes averaged 301,300 boe/d (65% oil), up 5% sequentially and up 65% YOY. For the full year, Diamondback’s production increased...
Jan 08, 2020
PS - Marathon Oil Highlights - January 8, 2020
In Lea County, New Mexico, Marathon Oil completed the Madera 19 TB Federal Com #1H with a 7,354- ft effective lateral using 6.4 MMlb of proppant. During a 24-hour test, the well flowed 4,241 boe/d (91% oil), or 577 boe/d per 1,000 lateral ft, from the Bone Spring on a 1-inch choke at 675 psi FCP. This is a strong result for the company, which has been focusing its activity on the Upper Wolfcamp in the Malaga...
Jan 08, 2020
PS - Laredo Petroleum Highlights - January 8, 2020
Laredo Petroleum grew its YE19 proved reserves by 55 MMboe YOY, or 23%, to 293 MMboe, partially driven by results from wells developed with wider spacing versus 2018 wells with tighter spacing. PUD reserves increased as well, primarily due to the company’s acquisition of acreage in Howard County, Texas. Full-year 2019 production exceeded guidance and increased 19% YOY at 80,900 boe/d (35%...
Jan 08, 2020
PS - Sable scores a top-tier Midland Basin IP with Wolfcamp C well - December 18, 2019
Sable Permian Resources, formerly American Energy-Permian Basin, says it recently brought online one of the top-performing wells on record in the Midland Basin. Located in Reagan County, Texas, the Section 235-220 Alloc 01 #3HK in Lin field was completed in Q3 with a 10,130-ft effective lateral and fracked with 25.3 MMlb of proppant. During an initial 24- hour test, the well flowed 3,668 boe/d (89% oil), or 362 boe/d per 1,000 lateral ft, from the Wolfcamp C on a 2-inch choke at 1,007 psi FTP....
Dec 18, 2019
PS - EOG adds strong Wolfcamp producers in northern Delaware - December 18, 2019
Recently, EOG Resources completed six Wolfcamp wells on the Dauntless 7 Federal lease in southwest Lea County, New Mexico. The wells averaged 9,961-ft effective laterals and were fracked with 26 MMlb of proppant. Initial 24-hour rates averaged 4,973 boe/d (71% oil), or 499 boe/d per 1,000 lateral ft. The top-performing well was the Dauntless 7 Federal #726H, which was completed with a 10,014-ft effective lateral using 26.3 MMlb of proppant. On test, the well delivered 5,507 boe/d (70% oil) on a...
Dec 18, 2019
PS - Regional Highlights - December 18, 2019
The EIA projects that Permian production will rise by 48,000 bo/d and 213 MMcf/d sequentially in January to 4.742 MMbo/d and 17.077 Bcf/d. There were 3,559 DUCs in the Permian as of November, down by 20 compared to...
Dec 18, 2019
PS - WPX Energy Highlights - December 18, 2019
WPX Energy struck a deal to acquire Delaware basin-focused Felix Energy for $2.5 billion, comprised of $900 million in cash and $1.6 billion in shares. WPX will gain 58,500 net acres in an overpresured, oily portion of the basin, with 1,500 gross operated locations, primarily with 2-mile laterals. The deal is expected to close in 2Q20, at which point production from the Felix assets is expected to be 60,000 boe/d (70%...
Dec 18, 2019

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