El Paso plans one-rig Wolfcamp shale oil program into 2011

11/15/2010
Paula DittrickSenior Staff WriterEl Paso Corp. plans to spud a well during November in its Wolfcamp shale oil acreage in West Texas as part of a one-rig program focused on finding the optimal lateral length and completion method before the company ramps up Wolfcamp drilling activity during 2011.Speaking during a Nov. 3 third-quarter earnings conference call, El Paso executives said they expect Wolfcamp will become an oil-focused core area. El Paso acquired University of Texas leases on 135,000 net acres in Reagan, Crockett, Upton, and Irion counties (OGJ Online, Sept. 23, 2010).While considering its bid on the acreage, El Paso drilled a pilot well in Crockett County, a spokesman said. In ...
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