Occidental discovers oil beneath Permian basin Anton-Irish Clearfork field

By OGJ editors

HOUSTON, Mar. 4 -- Occidental Petroleum Corp. announced a wildcat discovery in the Wolfcamp formation in its Anton-Irish Clearfork field 15 miles northwest of Lubbock in Hale and Lamb counties.

Snead 1 was drilled to a total depth of 6,780 ft in Hale County. This was the first significant discovery on the Matador arch in more than 40 years and was discovered by reprocessing existing 3D seismic data of the deeper structure.

Current production is 3,000 b/d of 38-42° gravity oil. The sulfur content is .25-.3%. Oxy estimated potential reserves of 12 million bbl for the structure. The company has drilled 18 development wells and plans up to 10 new wells this year.