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Sunday, September 11, 2016
Apache has made what it says is a huge discovery on its Alpine High acreage in the Delaware Basin of Texas. The company said that after more than two years of extensive geologic and geophysical work, methodical acreage accumulation, and strategic testing and delineation drilling, it could confirm the discovery of a significant new resource play, the “Alpine High.”
Apache estimates hydrocarbons in place on its acreage position are 75 Tcf of rich gas and 3 billion barrels of oil in the Barnett and Woodford formations alone. Apache also sees significant oil potential in the shallower Pennsylvanian, Bone Springs, and Wolfcamp formations.
Apache has drilled 19 wells in the play, with nine currently producing in limited quantities due to infrastructure constraints. This includes six wells in the Woodford, one well in the Barnett and one well each in the shallower Wolfcamp and Bone Springs oil formations. Alpine High play contains a large inventory of repeatable, high-value drilling opportunities with thousands of low-risk locations in the Woodford and Barnett formations alone.
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