ORYX TO STEP UP HORIZONTAL DRILLING CAMPAIGN

06/25/1990
Oryx Energy Co., Dallas, at or near the top among U.S. operators committed to horizontal drilling, is expanding its operations in the Cretaceous Austin chalk trend of South Texas. Industry is harvesting big oil flows in the trend with horizontal wellbores. In its latest move, Oryx has taken a farmout from Snyder Oil Corp., Fort Worth, covering 38,500 net acres and involving a horizontal drilling project in the trend. Oryx can earn half of Snyder's interest in the acreage by paying certain costs, including those for seismic work and drilling. In other Texas horizontal drilling operations: Winn Explor...
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