The year between 2009 and 2010 can be viewed as a pivotal moment for the Permian Basin in West Texas. This was the period where development activity transitioned from “multi- stage” vertical wells into the economic boom that would become horizontal well development in reservoirs such as the Wolfcamp, Spraberry, and Bone Spring. At the same time, commodities transitioned from a natural gas to crude oil focus. Permian Basin Shale Boom
In 2014, the U.T. System Board of Regents (BOR) created the University Lands Advisory Board (ULAB) to provide strategic direction to the University Lands organization and play an advisory role to the BOR regarding its operations and management. University Lands Advisory Board
2009 2014 2015
Horizontal Drilling This horizontal well boom continued through 2014 and into 2015, where development began to push lateral lengths from 5,000 to over 15,000 feet and development strategies began to include stacked-lateral and “cube-style” programs that targeted maximum economic recoveries.
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