While Justify took the crown at this weekend’s Kentucky Derby (scoring one lucky lady $1.2 million in Texas), he wasn’t the only victor this week. With U.S. oil prices creeping above $70/bbl for the first time since 2014, we are all winners! Let’s see how the market in Oklahoma reacts.
Note: Don’t be surprised if you see a few changes in our charts below. That’s because we’ve edited our pooling, increased density, spacing, and location exception charts to depict the differences in number of apps and orders filed. While we had previously shown these data sets as a total, we also felt it important to depict separately the number of apps and orders filed.
Oklahoma Leasing Activity
- Calyx Energy is at the top of the Oklahoma leasing report and continues to remain focused on leasing in the Arkoma.
Oklahoma Completion Filings
Devon continues to focus on their acreage in the STACK, announcing wells with average 30-day rates of 4,000 Boe per day from the Coyote development.
Oklahoma Pooling Applications
Pooling activity is primarily focused in the Merge, with Newfield Exploration at the helm.
Oklahoma Drilling Intents Filed
Alta Mesa tops the list for Intents filed in Oklahoma, with most of their activity focusing in the central area of their acreage in the STACK!
Oklahoma Transfer Activity
Territory Resources acquired more than 350 wells from Chesapeake Energy.
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Oklahoma Location Exceptions
Oklahoma Increased Density Filings
Following their 1st quarter results, Newfield plans to maintain its position in the Anadarko Basin (specifically the STACK).