ORYX'S HAUPTFUHRER: BIG INCREASE DUE IN U.S. HORIZONTAL DRILLING

Ten years from now 3050% of onshore wells drilled in the U.S. will be horizontal holes, predicts Oryx Energy Co. Chairman Robert Hauptfuhrer. Oryx has drilled about 15 horizontal wells in the U.S., which it says is more than any other company. All 12 horizontal holes it has completed in the Austin chalk of South Texas are still producing more than 1,000 b/d-in stark contrast to rapidly depleting vertical holes in the chalk.

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