Whiting Petroleum (NYSE:WLL) has 91,258 net acres under lease at the Big Tex prospect in Pecos County, Texas, and has two wells waiting on completion at this project area.
Whiting Petroleum made the following comments on its Permian Basin development program during the third quarter of 2012 earnings conference call:
“Let's start with our Big Tex prospect. Two horizontal Wolfcamp wells are currently waiting on completion. As you can see on this map, one of these wells, the May 2502H, offsets the May 2501, which is a vertical Wolfcamp well that was completed in the month of May of 2012, flowing over 320 BOE per day from the upper Wolfcamp formation. The results of the May 2502H will provide us with a good gauge of the uptick we get from horizontal wells in this area.”
