On the other hand, the Texas Permian Basin Sprayberry/Wolfcamp production lifting costs are around $8-9 bucks a barrel and those old wells hold “HBP” acreage millions of acres so no lease acquisition costs - We have advanced technology that allows us to drill multiple wells with one a rig on one pad site.
This thing is not over - you know all this stuff but others might be interested.
Yes, I am very familiar with this stuff - I was Division Geophysicist for a Major Oil Company in Midland at one time and assignment in many of the other Oil Provinces.
It ain’t over ‘til it’s over.
Cheers,
George
Thank goodness for Dennis Phelps, Henry Oil, Slick water frack, the Sprayberry, Upper/Middle/Lower Wolfcamp the Cline, Horizontal Drilling, etal.
http://www.texasmonthly.com/story/’s-oil-folksLance
