Here is some information on W&T Onshore Inc. and their activity. I saw they had several permits for Terry County on the Texas RRC site so I did a little research in their Annual Report. I thought it was interseting that Terry County was noteworthy enough to report to their shareholders. I just cut and pasted the parts about Terry County from their 10-K and another article I found that expanded a little bit further. I included the links if you want to read more.
"Onshore - Terry County Prospects (WI 35.6-80%): We acquired 9,600 net acres of leasehold in late 2010 and 2011. The exploration wells targeted the Wolfberry at a depth of 12,000' with an estimated cost of $2.3 million per well. In 2011, we drilled 12 exploration wells to test and evaluate prospects. Currently we are at various stages in the completions and flowbacks on those exploration wells. Although the results are encouraging, we are still within our exploration and delineation phase. We plan to continue to analyze the data received from those wells and will most likely drill a horizontal well in the prospects prior to announcing our future development plans."
Here is the part from their Annual Report:
"Onshore, specifically in West Texas, was a very active area
for us. In May, 2011, we acquired the Yellow Rose Properties
adding 30 MMBoe of proved reserves at closing. Subsequently,
we were successful on 45 of the 46 wells that were
drilled to total depth last year. Twenty-nine wells were in
the Permian Basin on the Yellow Rose Properties and 13
wells were in Terry County, Texas. The wells drilled in Terry
County are all exploration wells and are still in the delineation
phase of the project, but initial results have been encouraging."