Bone Spring - Wolfberry - Spraberry Oil Fields - Permian Basin

By Tim - http://oilshalegas.com

Recently, I've been asked to blog about the recent activity going on in the Permian Basin right now located in West Texas. The Permian Basin is the hot spot right now as was the Eagle Ford Shale over the past year. While we are seeing the majority of the rigs continue to flock to the Eagle Ford Shale, there is a huge jump in rigs and drilling activity in the Permian Basin.

The Permian Basin consists on a combination of Oil fields which also contain Natural Gas. On the east side, we have the Spraberry Field as the top zone, the Dean Formation as the middle layer, and the Wolfcamp Shale as the bottom zone. When the oil producers drill into all of these formations, they are calling it the Wolfberry.

On the west side, we are talking about the top layer being the Avalon Shale ( also known as Leonard Shale ) with it mixing into the top layer of the Bone Spring which is made up of three zones. After the bone spring formation, we have the wolfcamp shale again. This area is located in West Texas and extends up into New Mexico. Lea County New Mexico and Eddy County New Mexico are the hot spots.

The Spraberry is seeing acreage go for $15,000+ per acre in some spots regarding mineral rights leasing. All of these zones are hot hot hot and producing a lot of oil.

For more shale updates, visit http://blackberrystocks.blogspot.com

Bakken Shale Discovery - BEXP Brigham

Brigham Exploration today announced that the well they have drilling is hitting over 700 barrels of Oil per day. Their first well is hitting over 600 barrels per day in oil equivalent.

Big news out of the Bakken Shale! Continental Resources last week said their well was hitting over 1000 barrels a day with half being natural gas.

For more of the Bakken Shale....visit these two websites

http://www.oilshalegas.com/bakkenshale.html

http://bakkenshale.net

Bakken Shale News CLR

Continental Resources CLR is out with some exciting news from the Bakken Oil Shale. Their second well is hitting over 1,000 barrels of oil a day with 10% of that being natural gas. The Bakken Shale is in North Dakota and Canada.

You can find more about this news and about Bakken Shale here

http://www.oilshalegas.com/bakkenshale.html

Also, Check out the Utica Shale page we just put up

http://www.oilshalegas.com/uticashale.html