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Permex Petroleum Corporation C.OIL

Alternate Symbol(s):  OILCF

Energy Oil & Gas E&P
Permex Petroleum Corporation, an independent energy company, acquires, explores for, develops, and produces oil and gas properties on private, state, and federal land in the United States. Its oil and natural gas properties located within the Permian Basin region of West Texas and Southeast New Mexico that includes the Midland and Delaware Basins, as well as the Central Basin Platform. Permex Petroleum Corporation was incorporated in 2017 and is headquartered in Houston, Texas.


CSE:OIL - Post by User

Permex Petroleum Corporation
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  • nozzpackX
Comment by nozzpackon Apr 26, 2022 6:58am
113 Views
Post# 34631215

RE:Conversion of vertical wells to horizontal and / or laterals

RE:Conversion of vertical wells to horizontal and / or lateralsI note that in the Permian right now up to 6 wells can be drilled as laterals from the same drilling pad.
That number will continue to increase as technology advances seismic precision.

Note also that abiotic oil seeps continue to increase Oil in Place for these wells..
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