Tuesday, June 4, 2013

Oil drilling goes bust

Posted By on Tue, Jun 4, 2013 at 3:38 PM

Ultra Petroleum, Hilcorp Energy Company, El Paso County
  • El Paso County
  • So far, no wells in El Paso County have been worth the time it took to test them.

For the second time this year, an oil exploration company has bagged efforts in El Paso County. Hilcorp Energy Company of Houston told the county's local government designee Diana May it's pulling out of the area.

Earlier this year, Ultra Petroleum of Houston, which owns about 18,000 acres on the city's east side, indicated its efforts here weren't commercially viable.

Now Hilcorp has made the same discovery, or non-discovery, perhaps.

May says a Hilcorp official said the company "won't be drilling the State well," she says, "and they would not be doing any additional business or drilling here in El Paso County."

"I took from that, logically, their results from the Myers well must not have been promising," she says, quickly adding, "but they didn't tell me that."

One other well is in the process of being permitted in El Paso County, which the NexGen Oil and Gas company plans to drill. It's located in the far northeast portion of the county, next door to Lincoln County.

"We were very aware that the drilling by Ultra and Hilcorp were exploratory wells, so we weren't shocked by the fact that Ultra isn't drilling any further," she says. Ultra performed hydraulic fracturing on its Olive Oyl well, she says.

An oil and gas meeting is slated for 2 p.m. tomorrow, Wednesday, at Centennial Hall, 200 S. Cascade Ave.

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