A storied oil company that got its start in East Texas is seeking its latest fortune in the Permian Basin of West Texas.
Founded in in 1934, Hunt Oil Co. drilled its first oil wells in the Piney Woods of East Texas, and over the decades it developed projects around the globe.
Closer to home, the independent and privately held Dallas oil company filed for seven drilling permits with the Railroad Commission of Texas over the past week.
Located in Glasscock County, the horizontal wells target the Spraberry field at total depths of 7,800 to 9,000 feet.
Hunt filed for 80 drilling permits in 2019. All but one were for wells in the Permian Basin.
The company’s wells produced nearly 11.5 million barrels of crude oil and more than 31.2 billion cubic feet of natural gas from January to November 2019, Railroad Commission records show.
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Permian Basin
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Top 10 Texas Drillers
(Jan. 29 through Feb. 4)
Pioneer Natural Resources 17
Exxon Mobil 15
Diamondback Energy 13
Encana 12
BP 11
Occidental Petroleum 11
Concho Resources 9
Centennial Resource Development 8
Hunt Oil Co. 7
EOG Resources 7
Source: Railroad Commission of Texas
Denver oil company Centennial Resource Development plans to drill eight horizontal wells in a region of the Permian Basin known as the Delaware Basin. On seven leases in Reeves County, the wells target the Phantom field of the Wolfcamp geological formation at total depths of 10,300 to 10,700 feet.
Eagle Ford Shale
San Antonio oil company GulfTex Energy is preparing to drill three new horizontal wells in oil-rich Karnes County. Located on the company’s TMK Unit, two of the leases target the Eagleville field of the Eagle Ford geological layer, while the other targets the Sugarkane field of the Austin Chalk.
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Haynesville Shale
Houston exploration and production company Sabine Oil & Gas is gearing up to drill two horizontal wells in Rusk County. The two gas wells target the Henderson East field of the Cotton Valley geological layer at a total depth of 11,800 feet.
Barnett Shale
There were no horizontal permits filed over the past week, but Austin-based W T X Capital Investments plans to drill three vertical wells on its Lester Smith lease in Jack County. The wells target the Jack County Regular field down to vertical depths of 450 to 483 feet.
More: Read the latest oil and gas news from HoustonChronicle.com
Conventionals
Houston exploration and production company Hilcorp Energy Co. plans to drill a vertical gas well in deep South Texas. Located on the company’s Uribe lease in Zapata County, the well targets the Wilcox and other geological layers down to a vertical depth of 7,570 feet.
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February 10, 2020 at 05:00PM
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Hunt Oil seeks latest fortune in Permian Basin - Houston Chronicle
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