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Circle 9 Actively Leasing Seminole County

Oklahoma Weekly Report - July 9, 2018

Circle 9 Actively Leasing Seminole County

Oklahoma Leasing Activity

  • Circle 9, operating as C9 SUBCO LLC, has been the most active operator in Seminole county (recently acquiring more than 50,000 gross acres): are they on to something?

OK LeasesOklahoma Leasing Activity


Oklahoma Spacing Filings 

  • Grady remains the most actively spaced county in Oklahoma.

  • Primary applicants are Continental Resources, Newfield, and EOG Resources.

Oklahoma Spacing Filings

Oklahoma Spacing Filings

 

 


Oklahoma Completion Filings

Oklahoma Completion Filings

Oklahoma Completion Filings


Oklahoma Pooling Activity

  • BP has been filing pooling orders in the SCOOP.  

  • Projected completed well costs in McClain county are higher than $10 MM per well. How does this compare to other operators in the area?

Oklahoma Pooling ActivityOklahoma Pooling Activity


Oklahoma Drilling Intents Filed

Oklahoma Drilling Intents Filed

Oklahoma Drilling Intents Filed


Oklahoma Transfer Activity

Oklahoma Transfer Activity

Oklahoma Transfer Activity


Oklahoma Location Exceptions

  • Location Exceptions are focused in Kingfisher county, signaling future horizontal drilling in the STACK during the second half of 2018.  
  • In late 2017 with oil at just under $60/bbl, Newfield claimed they could make 40% returns on new wells in the STACK. With prices currently over $70/bbl, we wonder how their returns have been affected?

Oklahoma Location Exceptions

Oklahoma Location Exceptions


Oklahoma Increased Density Filings

  • EOG’s recent Increased Density applications are focused in the Merge; don’t know about this up and coming area? Read all about it here.

Oklahoma Increased Density Filings

Oklahoma Increased Density Filings


 

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