Anonymous. Oil & Gas Investor; Houston Vol. 41, Iss. 7, (Jul 2021): 89.
The Delaware Basin portion of the Permian Basin straddles the border of southern New Mexico into Texas and encompasses roughly 10,000 square miles. The two most productive formations are Bone Spring and the multistacked Wolfcamp with several benches.
Operator EOG Resources Inc. has had several high-volume Wolfcamp producers in Loving County, Texas, including a 2019 completion, #5H McGregor D Unit, which initially flowed 11,444 bbl of oil and 21.771 MMcf of gas per day. Devon Energy Corp. has had success in the Lea County, N.M., portion of the play with two Bone Spring producers, #212H Boundary Raider 6-7 Federal Com (12,868 boe per day) and #213 H Boundary Raider 6-7 Federal Com (11,490 boe per day). An Eddy County, N.M., venture by Oxy-USA in 2020 (#037H Salt Flat CC 20-29 Federal Com) produced 7,051.33 boe per day from Wolfcamp. EOG Resources also recently completed three Bone Spring producers from its Hemlock pad in Lea County flowing a total of 9,673 bbl of oil and 1.924 MMcf of gas per day.
In 2019, WPX Energy Inc. purchased Felix Energy LLC. In January 2021, Devon Energy and WPX Energy completed an "all-stock merger of equals." Delaware Basin