You are correct. Mea culpa. However, I have friends and former coworkers telling me that there are numerous active drilling rigs in the Permian Basin. There would be a few on Otero Mesa right now, if it weren’t for a fella’ named Bill Richardson
That's almost an under statement, just north of town there is over 50 rigs running in about a 40 square mile area. We drilled the first one up there on 8 sections we already owned, tried to keep it quiet but that's impossible. These wells are coming in at 400+ BPD, they level of to about 60 after 6 months. We're going to drill 28 more but keeping a rig for the whole package is impossible. All these are around 8500 to 8700 ft with total costs of about 2 million per. There not a place to be rented for 50 miles with all the activity going on.