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Continental Remains King of the SCOOP

Oklahoma Weekly O&G Report - 6/11/2018

Oklahoma Leasing Activity

Oklahoma Leasing Activity

  • Despite a slight slowdown in Continental’s activity at the end of May, they still remain the most active operator in the SCOOP, with the majority of activity occurring in Stephens County.

CLR Resources SCOOP 2018
  • The company with the most leases in the MERGE in the last 60 days is a broker - RedSky Land. Could they be working for a new entrant or one of the companies already with a position?

Oklahoma Leasing ActivityOklahoma Completion Filings


Oklahoma Spacing Applications 

  • EOG continues to space the Merge in McClain county, targeting the Mississippian, Woodford and Hunton formations.

Oklahoma Spacing Applications

 

Oklahoma Spacing Applications


Oklahoma Completion Filings

  • Devon has been able to cut costs in the STACK, averaging almost $1.5MM in savings per well in the Showboat Development. Expect more savings in the future as they continue to optimize their completions process.

Oklahoma Completion Filings

Oklahoma Completion Filings


Oklahoma Pooling Applications

  • Continental’s pooling applications are targeting the Springer formation, which is part of the Springboard Project we talked about a few weeks ago. Their pooling orders are focused in the western portion of the STACK.

Oklahoma Pooling ApplicationsOklahoma Pooling Applications


Oklahoma Drilling Intents Filed

  • No surprise that Newfield is active primarily in Kingfisher County. Check out our recent STACK report for a more in-depth look into this and other operators in the STACK.

  • The SCOOP and STACK rig count continues to increase in 2018.

Oklahoma Drilling Intents Filed

Oklahoma Drilling Intents Filed


Oklahoma Transfer Activity

  • Impact Energy acquired assets from Primexx Operating in northern Oklahoma. They have a great track record in the Anadarko basin.

Oklahoma Transfer Activity

Oklahoma Transfer Activity


Oklahoma Location Exceptions

Oklahoma Location Exceptions

 

 report_township_choropleth_location_ok_blog.jpeg


Oklahoma Increased Density Filings

report_bar_chart_density_ok_blog.jpeg report_township_choropleth_density_ok_blog.jpeg

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