Energy Hunter Resources Inc. is acquiring Permian Basin acreage in West Texas to target Lower Spraberry and Wolfcamp formations, adding more weight to its emerging U.S. onshore portfolio, the Dallas-based explorer said Wednesday.
Spraberry
Articles from Spraberry
Pioneer’s Optimization Campaign Paying Off in Spraberry/Wolfcamp
The Spraberry/Wolfcamp play in the Permian Basin continued to be an oasis of strong economics and robust production for Pioneer Natural Resources Co. during the first quarter.
Pioneer’s Optimization Campaign Paying Off in Spraberry/Wolfcamp
The Spraberry/Wolfcamp play in the Permian Basin continued to be an oasis of strong economics and robust production for Pioneer Natural Resources Co. during the first quarter.
Industry Briefs
Plains All American Pipeline LP is constructing a 95-mile extension of its Oklahoma crude oil pipeline to service increasing production from the Granite Wash, Hogshooter and Cleveland Sands producing areas in western Oklahoma and the Texas panhandle. The new Western Oklahoma pipeline will provide up to 75,000 b/d of takeaway capacity from Reydon, OK, in Roger Mills County to PAA’s Orion station in Major County, OK. At the Orion station, crude oil will flow on PAA’s existing pipeline system to the PAA terminal in Cushing, OK. The new Western Oklahoma pipeline is supported by long-term producer commitments and is expected to be in service by the end of the first quarter of 2014, the company said.
Permian Basin in ‘Early Innings’ of Tech-Driven Renaissance
The venerable Permian Basin in West Texas is in the “early innings” of an oil/gas renaissance that promises to be technology driven, riding the wave of horizontal drilling, which still represents only a quarter of Permian rig activity, according to a report released Monday by Houston-based financial services company U.S. Capital Advisors.
Transportation Notes
Northern Natural Gas declared a force majeure situation Friday on its 24-inch Mitchell to Spraberry line. The pipeline said it was evaluating the situation and that receipts into the line must be allocated and/or curtailed, but gave no further details in the bulletin board posting.