{{titleBar.title}}

{{titleBar.tagline}}

 

 

Drilling boom in Lubbock?Drilling boom in Lubbock?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=78382013-03-28T07:40:00Z2013-03-28T00:00:00Z

LUBBOCK COUNTY - Impressive exploratory drilling results and recently discovered oil reserves in Lubbock County indicate the area could soon be a hot spot for West Texas drilling.

Initial log results from the Ratliff 1 well, operated by Fort Worth-based energy company Enduro Resource Partners, have resulted in Enduro pushing their Lubbock County drilling schedule ahead by six months.

Enduro began drilling the Ratliff 1, which is located near the intersection of Woodrow Rd. and Milwaukee Ave., about a month ago.

The well is on the Cy-Jack Field, a formation thought to be an extension of the Permian Basin and only recently designated by the Texas Railroad Commission. Data gathered from the Ratliff offers evidence of the ever-growing theory that the Permian Basin stretches all the way across West Texas to Fort Worth.

Ratliff 1 is significant for several reasons. Not only is it one of the first test wells to be dug on the Cy-Jack, it is a vertical drill, meaning it hit a conventional reserve, at least one expert says.

Enduro holds more than 50,000 acres of leased land in the Lubbock County area, and is making offers to buy out other area leases.

Read more at the Lubbock Avalanche-Journal.

Listen to Podcast 165 for this story...and more!

Lubbock Avalanche-Journal
Lubbock
Infrastructure & Transportation
http://lubbockonline.com/filed-online/2013-03-20/drilling-boom-lubbock#.uvgyuojhsdcRead more at {Source}

 Search NewsTalk Texas