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Politics : Peak Oil reality or Myth, of an out of Control System
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To: dvdw© who wrote (1242)5/12/2015 11:46:20 AM
From: robert b furmanRead Replies (1) of 1580
 
Hi dvdw,

Another reference to "spacing" long laterals - no doubt part of the science of maximizing unconventional oil:

Delaware Basin Update

Carrizo recently signed a farm-out agreement with a larger operator providing
it the right to earn approximately 2,800 net acres in eastern Culberson
County. This brings the Company's acreage position in the play to more than
20,000 net acres. The new acreage offsets Carrizo's existing position in
eastern Culberson County, allowing the Company to build a contiguous
nine-section unit where it has the potential to drill approximately 30
long-lateral wells on 1,000 ft. spacing in the Upper Wolfcamp zone.
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