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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.28-0.7%4:00 PM EST
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To: dvdw© who wrote (88315)3/23/2012 9:11:53 AM
From: dvdw©  Read Replies (1) of 218870
 
Biggest And Thickest "It will be the biggest, and it is already the thickest," Sheffield said. "So it's got the most pay zones of any oil shale play in the U.S. I call it the third or fourth coming of the boom in West Texas."

If Wolfcamp does turn out to be the next big oil shale play, Pioneer is on the ground floor. With 900,000 acres under lease in the Spraberry, it has the largest land position.

Pioneer believes that more than 400,000 of those acres are ripe for horizontal drilling.

Its game plan: drill 10,000 feet down through the Spraberry to the Wolfcamp and then out 7,000 feet horizontally.

For now, it's targeting 200,000 acres in the southern portion of the Spraberry field.

rigzone.com
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