Oklahoma Weekly O&G Report

Leases

Continental Resources remains the most active operator in terms of leases and continues to increase their position in the SCOOP; look for them to continue to focus their efforts both here and in the STACK.
Canyon Creek is increasing its leasing activity in both Coal and Hughes Counties and was the top Lessee in the Arkoma STACK for the last 30 days. Here is a quick look at their leasing activity:

Canyon Creek Leasing Activity - 60 Day Look Back from Oseberg on Vimeo.

WSGP continues to increase its position in the Arkoma as well.

Completions

Completions are taking place primarily in the STACK, which remains one of the hottest areas in Oklahoma; we will continue to watch closely as oil stays above $60/bbl.

Spacings

Spacing applications are primarily taking place in the STACK and SCOOP.
Newfield and Marathon filed significantly higher quantities of spacing applications last week.

Transfers

E2 Operating, a subsidiary of Exponent Energy, has made a large acquisition in Southern Oklahoma from Mid-Con Energy. This is a $20 MM+ deal which took place last December.

Intents

Intents are on the rise in the STACK and SCOOP as the price of oil increases.
Newfield saw a very large increase in both intents and increased density filings, an indication they are focusing on their assets and moving towards field drilling in 2018.

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