It is not rocket scientry why operators have been attracted to the Wolfberry, or all the Permian for that matter, this year. Price differentials, cheap dependable wells, and oil friendly regulations have all played roles in companies spending large amounts of money to acquire Wolfberry acreage.
The ramp up in activity is evident in the permits issued. So far this quarter 635 permits have been issued. This compares to the 517 permits issued for the entire 4Q2009, and 807 issued for the 3Q2010. Below is a map of 4Q2010 permits issued thus far.
The western flank will continue to be the hot spot. However, it appears that the heavy recent activity is focused at the Midland, Ector, Martin border as opposed to Upton County which we have seen in the past. Clayton Williams has been very positive about their northern Wolfberry activity in their recent presentations.
Visit the DNA Wolfberry Unconventional Update for all things Wolfberry.
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