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re: Breaking. Largest oil find in US history jut made
Posted on 11/16/16 at 4:17 pm to cwill
Posted on 11/16/16 at 4:17 pm to cwill
We have gotten D&C costs down since the price tumble (several operators have reduced drilling time to about half), but I don't see much Wolfcamp drilling taking place with mid-40s oil.
Not while the 2nd & 3rd Bonespring in Delaware Basin is making pay.
Maybe some Wolfcamps to hold some depth-severanced acreage. Also some to be able to see what true production would be like and to gather data. Definitely some Wolfcamp apraisal wells being drilled right now, but just don't think it'll be all out blow and go just yet.
Get WTI around 60, then it'll be on. Gold truck nuts for everyone.
Not while the 2nd & 3rd Bonespring in Delaware Basin is making pay.
Maybe some Wolfcamps to hold some depth-severanced acreage. Also some to be able to see what true production would be like and to gather data. Definitely some Wolfcamp apraisal wells being drilled right now, but just don't think it'll be all out blow and go just yet.
Get WTI around 60, then it'll be on. Gold truck nuts for everyone.
This post was edited on 11/16/16 at 4:18 pm
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