Permian Basin What gave rise to oil drilling in the Permian Basin—in particular the Spraberry trend area? Why now the focus on the various Wolfcamp plays? What strategies and techniques have proven useful in exploiting the potential of the Spraberry—and now, of the Wolfcamp source rock? Who are some of the players, where are they buying, where are they holding leases or developing them—and how? According to J. Michael Party, vice president for Exploration Reliance Energy, writing in the May 2012 AAPG Explorer, “The early exploration efforts in the Permian Basin started in Mitchell County on the basin’s eastern shelf, with a 10-barrel-a-day well [the W.H. Abrams No. 1 well] that opened the Westbrook field in 1920. This set off a frenzy of activity in the basin,” due in large part to the availability of inexpensive leases from the University of Texas Land System. The true potential of the prolific and problematic Permian Basin, however, was not evident until the Santa Rita #1 well erupted on 28 May 1923. Spudded at a place called Texon in Reagan County, Texas, the project endured 21 months of cable-tool drilling that averaged less than 5 ft a day. After the Texon Oil and Land Company struck oil, the well produced until May 1990, and was named by Texas Monthly Magazine as the “Oil Well of the Century.” This field, which came to be known as Big Lake, proved to be 4.5 sq miles. Its wells revealed that vast oil reserves in west Texas originated in both shallow and deep horizons. The Westbrook and Big Lake field successes were followed by a series of discoveries, including the World and McCarney fields in 1925 and the Yates field in 1926. In 1928, a Big Lake well was drilled deeper than any in the world up to that time, to a depth of 8,525 ft. According to the Texas State Historical Association (TSHA), before the Hobbs field discovery in 1928, all Permian Basin discoveries were made as a result of random drilling or surface mapping using Cretaceous outcrops that could give indication where structures were in the subsurface. “The Hobbs field discovery,” states the TSHA, “was made after magnetometer and torsion balance surveys both showed the area to be anomalous.”
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