Oklahoma Weekly Report - July 9, 2018
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?
Oklahoma Spacing Filings
Grady remains the most actively spaced county in Oklahoma.
Primary applicants are Continental Resources, Newfield, and EOG Resources.
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 Drilling Intents Filed
Newfield and Alta Mesa are currently the most active operators in the STACK. Both remain focused on the Mississippian formation.
The SCOOP and STACK remain the third most active area in the country, check out our in-depth review of the SCOOP to gain a better understanding of the play.
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 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.