Wouldn’t that be an OLD formation?
Old and previously inaccessible.
I Think the shale is lower, deeper than the old production.
We went to the area last May, passing through so to speak, and learned of the activity. We stayed three days to visit the oil country off the Interstate and see the activity.
The place was like a bee hive. White pickups with one or two occupants were rushing about all over. We talked at length with a man, a pipe fitter, in the camp ground who had come from Pennsylvania. He was calling his buddies telling them to come. He was offered as much work as he could do.
In the small towns, there were all sorts of people hiring for all kinds of jobs. More staff means more work, more payroll, more clerks etc. The private campgrounds were full. The travelers like the one we met had problem finding a place to park their trailers.
On topic, we saw new wells being drilled in vacant spots but we also saw several being drilled on the same pad, right beside an old well.
The area visited was west of Odessa TX, north and south of Monahans and westward