Billionaire Wildcatter Plans Midland Oil Production Expansion

Texas, Midland-based driller Endeavor Energy Resources has applied for permits for 11 new wells, the Houston Chronicle’s Sergio Chapa reports, adding that the permit applications are for the Spraberry oil field in Midland County. Last year, Endeavor, which is property of billionaire wildcatter Autry Stephens, was among the most active oil drillers in the region, applying for five to six drilling permits every week. This year it all changed for most drillers, especially in the shale patch, with many going under because of the persistently…