Wolfcamp; World's Second Largest Oil Field?!?

The Wolfcamp in Texas maybe the world's second largest oil field, only a Saudi field is bigger. May be four times the size of the Bakken. The shale is so thick that they will drill 30 40 wells per pad at different depths to frac it all.

http://www.bizjournals.com/dallas/blog/2013/05/pioneer-using-stacke...

No doubt a great thing for the USA. But how will affect Utica and Marcellus activity and landowners? Will it draw attention away? Will it drive down oil prices and thus bonus and royalties?

This is a constantly changing business that we all need to continuously monitor.

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Permalink Reply by Tim Tarr on October 8, 2013 at 6:54am

Fort Worth-based Range Resources (NYSE: RRC) and Oklahoma City based Devon Enery Corp. (NYSE DVN) both have drilling operations in Wolfcamp D, also known as the Clin...

http://phx.corporate-ir.net/phoenix.zhtml?c=101196&p=irol-prese...

on page 63 of RRC latest presentation (above link) Cline and Wolfcamp :

Range has ~100,000
net acres; 91% HBP
 All 100,000 acres
appear prospective
for Cline
 2,000 possible
locations on 50 acre
spacing
 First three Cline
wells encouraging
Industry activity in
the area will help
define Range’s
acreage at no cost

Don't look like it will slow RRC in Marcellus. Similar to their Utica and Upper Devonian strategy. Let others prove up their reserves and HBP as much as possible.

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