Oklahoma Weekly Report - July 2, 2018
Oklahoma Frac Activity
- An often overlooked advantage you can gain by using oseFrac lies in its data currency -- in other words, how often oseFrac's data is updated.
- Typically, frac reports are submitted far ahead of completion reports -- no matter the state -- because they're actually submitted to FracFocus by the service company, not the operator. Sure, you might get a spud notice, but how much detail do you actually get from that form? (Hint: not much!)
- With oseFrac's data, as soon as a well's frac job has ended and has been submitted to FracFocus, oseFrac will ingest and process that data.
- As a little exercise, we took a look at a hotter than average section in the SCOOP during June. In 20-03N-04W (Garvin County), we can see that Continental has frac'ed 6 wells, yet if you were only monitoring completions, Continental would have put up a big goose egg here in June.
- Want to learn more? Contact us for a personalized demo.
Oklahoma Leasing Activity
Calyx Energy remains the most active operator in the Arkoma, although its activity has fallen off during the month of June.
Look out in the coming weeks for WSGP who is well on its way to becoming the most active lessee in the Arkoma!
Oklahoma Spacing Filings
Continental continues to aggressively file spacing applications in the SCOOP, mainly in Grady county.
Calyx Energy has begun to take advantage of its acreage in the Arkoma; expect them to remain very active in the coming weeks.
Oklahoma Completion Filings
Oklahoma Pooling Activity
Echo Energy is on the rise; recent pooling activity in Carter county shows us that Echo plans to expand beyond McClain and Grady counties; we expect them to be filing permits to drill in the coming weeks.
Oklahoma Drilling Intents Filed
XTO Energy’s recent activity has been focused in the SCOOP, primarily Carter county. They have filed a total of 30 permits in the state over the last year, 10 of which were in June of this year.
Oklahoma Transfer Activity
Continental continues to file drilling permits in the SCOOP targeting the Springer formation (see our report on Project Springboard).
Tapstone Energy, by far the most active operator in Woodward County in 2018, is currently filing drilling permits targeting the Mississippian Formation.
Oklahoma Location Exceptions
Oklahoma Increased Density Filings
Tapstone makes plans for future infield drilling activity targeting the Mississippian formation in Dewey and Woodward counties.