To give you a clearer picture of leasing activity in Oklahoma, we have added assignments as an instrument type we consider, along with leases and memos, when determining the top 25 lessees in Oklahoma
Unaware of the role assignments play in leasing? Assignments track the transfer of a lease from one entity to another. This information is very helpful when tracking activity. Assignments are counted by the number of filings that occurred; that means a single filing could include thousands of acres!
Chickasaw Royalty is at the center of this week’s leasing report. In the last 30 days, they acquired more than 30,000 gross acres in Kingfisher County from Paloma Partners, we were able to see this by looking at the assignments.
Newfield’s recent pooling orders in Custer County reveal that their completed well costs are averaging $8.6 MM.
Echo Energy has filed 9 permits within the same section in McClain County. Compared to other recent activity in the SCOOP/STACK, this is not a major piece of information. However, looking at filings over the last two years, Echo only filed 10 permits prior to these recent filings. Is Echo one to watch in the SCOOP?