Permian Focus: Drilling Permits Down in Permian From Last Week

Permian Focus: Drilling Permits Down in Permian From Last Week

Permit activity in the Permian Basin has felt a steep decline since October 2014, correlating to the decline of completion and rig activity in the area. This past week, there were a total of 89 permits in the Permian, with 57 of them being horizontal and 27 of them being vertical (down from this past week’s 107 permits).

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Upton County continues permit activity, as it is the top county for the week, up +6 from last week’s 12 permits.

Most Active Permian Counties

  • Reagan with 7 horizontal permits, down -6 from last week’s 13.
  • Upton with 18 permits, up +6 from 12 last week.
  • Loving with 9 horizontal permits up +7 from last week’s 2.
  • Glasscock with 4 permits down -5 from 9 last week.
  • Reeves with 10 permits, +1 from last week’s 9 permits.
  • Midland with 7 permits, +1 from last week’s 6 permits.

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Most Active Operators in Permian

  • Pioneer Natural Resources permitted 16 wells, primarily in Upton county
  • Laredo Petroleum issued 4 drilling permits
  • Chevron permitted 4 wells
  • Apache issued 4 drilling permits

Last week, Pioneer Natural Resources issued another permit for the University 3-19 lease in Upton county. On this same lease last year, Pioneer completed a 9,946 foot lateral with a 18,950 total measured depth nearby this latest drilling permit. The University 3-19 45H well used over 9 million pounds of proppant and 238,000 pounds of POLYfrac Plus gelling agent. The image below shows the overview of the frac job.

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Permian Summary Chart

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