Advances in fracture techonology have made the Wolfberry play an attractive asset to many Permian Basin operators. Spraberry oil can be combined with the deeper Wolfcamp oil to achieve stacked pay wells at a relatively low cost. Pioneer quotes about $1.2MM per Wolfberry well at this time. With that being said, lets take look at Wolfberry activity since 2000. The map below shows Wolfberry producing wells that have come on since 2000.
Of the 2105 wells shown here, > 1100 of them were drilled in Upton County. Below are two maps of the Upton county wells. The first is colored by operator and the second is colored by cumulative oil produced.
Many of the Concho operated wells have already produced greater than 50,000 barrels of oil and today’s oil prices makes them even more attractive. Below is some production information generated with HPDI tools and an economics chart from Pioneer at the 2010 Raymond James Energy Conference. The Pioneer chart is the trend area as a whole.
Be sure to check the Drillinginfo Wolfberry Unconventional Update for more information and analysis.
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