We are tracking 60 Oil & Gas Operators that had 177 new oil & gas well permits approved in Texas, Oklahoma, New Mexico and Louisiana First week of Last 7 days (March 10 to March 17 2021).
Well Permits by Top Operators include; OXY USA Inc. (36), Kaiser-Francis Oil Company (12), Mewbourne Oil Company (10), Bta Oil Producers, LLC (8) and Devon Energy Corporation (11)
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Mid-continent Oil & Gas Well Permits Summary
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About Mid-continent Oil & Gas Well Permits
Well Permits Overview Status of a well identifies its current state of activity. Over the life of a typical well it will have a progression of status changes – licensed > drilling > completed > production/injection/disposal > suspended > abandoned (decommissioned). The lifespan of a well can vary, from a few years to many decades. A well may go directly from a drilling status to abandoned status if it is unsuccessful in finding oil or gas.
Mid-continent oil field is a broad area containing hundreds of oil fields in Louisiana, New Mexico, Oklahoma and Texas.
Austin Chalk 650-mile long geological formation, stretching underground from the Mexico-Texas border, through central Louisiana and into Mississippi. Austin Chalk holds about 4.1 billion barrels of crude, 18 trillion cubic feet of gas and 1 billion barrels of natural-gas liquids. Austin Chalk oil recoveries since 2018 averaged 60% higher than those of the Lower Eagle Ford
Permian Basin is a shale basin about 250 miles wide and 300 miles long, spanning parts of west Texas and southeastern New Mexico. It includes the highly-prolific Delaware and Midland sub-basins.
Eagle Ford in Texas is the most mature tight oil play in the Lower 48 current, oil and natural gas production of 2.5 million barrels of oil equivalent per day. Measuring 400 miles long and 50 miles wide along the Texas Gulf Coast, the Eagle Ford basin is spread over 12,000 square miles in South and central Texas.
