Whiting Petroleum plans a wildcat in the Quachita Foldbelt in Bandera County, TX. This isn’t an are known for its oil & gas production, so watch for results. A foldbelt is an geological term used when rocks are permanently deformed resulting in bent or curved rock layers. That means the formation can be very thick due to the rock being turned on its side or essentially stacked on top of itself. It also means drilling and imaging is much more difficult, which in turn increases the risk of dry holes. We’ve had a lot of technological advances in the past few years, so it will be interesting to see how Whiting’s well performs. We might end up with wealthy oil & gas mineral owners in Bandera County.
It has been 110 years since Spindletop, but the industry keeps making new discoveries. With recent history on its side, you can’t count this well out.
Population isn’t the only area on which petroleum will have a local impact. The county’s first hydraulic-fracturing well – a wildcat pioneered by Whiting Petroleum Corporation – is moving into the west end of town on North Seco Creek Road, just north of Tarpley. The land, reportedly owned by Neste Oil of Switzerland, a $4.5 billion company, was chosen for its on-site spring and presumed water source. The spring, however, has proven unreliable, and a water well will have to be drilled below the Edwards Aquifer.
The Eagle Ford does not extend to Bandera County, but drillers are hoping to hit older formations in the Ouachita Foldbelt, a buried mountain range the county sits on.
“We are seeing a lot of changes in the west end of the county and people don’t even know about it,” Wilson said. “This is a real play.”
Wilson said shale gas is changing oil exploration; there are 6,000 to 7,000 shale gas wells in Texas. If successful here, it could create an industry boom in Vanderpool and Utopia.
Read the entire news release at banderabulletin.com