West Texas Overthrust outlook expands with 3D

11/24/2008
SandRidge Energy Inc., Oklahoma City, expects to be operating 20 rigs in the West Texas Overthrust by the end of 2008, down from 27 rigs in early November and a third quarter average of 34.The company has halved its planned 2009 capital budget from the $2 billion previously anticipated. It is also selling its East Texas assets.SandRidge continues to exploit and expand Pinon field using 3D seismic and well control to identify new reservoirs in the three primary thrusts: Dugout Creek, Warwick, and Frog Creek. More than 600 wells have been drilled at Pinon since the 1980s.The company still doesn’t know how large Pinon field will become.WTO thrustsPinon and other fields associated with ...
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