Wolfcamp Play Has Been Key Driver in Permian's Growing Oil, Gas Production
Monday, November 19, 2018
The Wolfcamp shale play has been a key driver of growing oil and gas production in West Texas' booming Permian Basin oil field, according to the Energy Department.
Image Source: Odessa American
The increased output from the Wolfcamp has helped make the Permian the top producing oil field in the United States and a focus for billions of dollars of investments.
Oil production from the Wolfcamp as of September reahed 1 million barrels a day and natural gas 4 billion cubic feet a day,, according to a new Energy Department.
The Wolfcamp play is one of a few that make up oil and gas-rich zones deep underneath West Texas and form the the Permian region and its sub-basins the Delaware Basin, Central Basin Platform, and Midland Basin.
That production is around one-third of the Permian's estimated Sept. production of 3.5 million barrels a day of crude oil and 11.6 trillion cubic feet of natural gas.
The Energy Department expects the Wolfcamp to continue to drive production growth in the Permian, although though it notes that a lack of pipeline capacity region will likely slow it through 2019.
U.S. crude oil production for the week ending Nov. 9 was estimated to be a record 11.7 million barrels a day, more that 2 million barrels a day more from a year ago.
The number of producing wells in the Wolfcamp grew from 2,200 in 2005 to 7,750 in mid-2018, according to the Energy Department.
Other major plays within the Permian include the Spraberry and Bonespring.