A storied oil company that got its start in East Texas is seeking its latest fortune in the Permian Basin of West Texas.

Hunt Oil seeks latest fortune in Permian Basin-oilandgas360Founded in in 1934, Hunt Oil Co. drilled its first oil wells in the Piney Woods of East Texas, and over the decades it developed projects around the globe.

Closer to home, the independent and privately held Dallas oil company filed for seven drilling permits with the Railroad Commission of Texas over the past week.

Located in Glasscock County, the horizontal wells target the Spraberry field at total depths of 7,800 to 9,000 feet.

Hunt filed for 80 drilling permits in 2019. All but one were for wells in the Permian Basin.

The company’s wells produced nearly 11.5 million barrels of crude oil and more than 31.2 billion cubic feet of natural gas from January to November 2019, Railroad Commission records show.

Denver oil company Centennial Resource Development plans to drill eight horizontal wells in a region of the Permian Basin known as the Delaware Basin. On seven leases in Reeves County, the wells target the Phantom field of the Wolfcamp geological formation at total depths of 10,300 to 10,700 feet.

Eagle Ford Shale

San Antonio oil company GulfTex Energy is preparing to drill three new horizontal wells in oil-rich Karnes County. Located on the company’s TMK Unit, two of the leases target the Eagleville field of the Eagle Ford geological layer, while the other targets the Sugarkane field of the Austin Chalk.

Haynesville Shale

Houston exploration and production company Sabine Oil & Gas is gearing up to drill two horizontal wells in Rusk County. The two gas wells target the Henderson East field of the Cotton Valley geological layer at a total depth of 11,800 feet.

Barnett Shale

There were no horizontal permits filed over the past week, but Austin-based W T X Capital Investments plans to drill three vertical wells on its Lester Smith lease in Jack County. The wells target the Jack County Regular field down to vertical depths of 450 to 483 feet.


Houston exploration and production company Hilcorp Energy Co. plans to drill a vertical gas well in deep South Texas. Located on the company’s Uribe lease in Zapata County, the well targets the Wilcox and other geological layers down to a vertical depth of 7,570 feet.

Sergio Chapa covers the oil & gas industry for the Houston Chronicle and writes for Texas Inc., a weekly Monday insert dedicated to covering the most powerful business leaders in Texas. Sergio was born and raised in the Lone Star State and studied journalism at the University of Texas at Austin. He previously worked at the San Antonio Business Journal, KGBT-TV in the Rio Grande Valley and Al Día in Dallas.


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