At Oseberg, we are closely following M&A activity in Oklahoma's top three producing regions: the SCOOP, the STACK, and the ARKOMA. Our most recent report focuses on the SCOOP and what M&A activity tells us about the future of the STACK. We've used our data and scoured the news sources to identify the most relevant trends so you can stay one step ahead of the competition.
Calyx Energy, the number one operator on this week’s leasing chart, continues to be very active in the Arkoma Basin.
We’ve seen a sharp increase in Buckeye Exploration’s leasing activity in both Roger Mills and Ellis counties beginning in January of this year (graphed below).
We also took a look at Continental's average water gallons per foot in Blaine county in OseFrac's new pivot tool feature. They peaked in 2016 with an average of over 2400 gallons of water per foot. 2017 saw much lower water usage in Blaine for Continental and 2018's first half appears to be on track to be the lowest since 2011 for this operator in Blaine.
Pooling filings indicate the most costly wells are located in Grady County. For example, Rebellion Energy and Continental Resources’ completed well costs were greater than $12 MM.
With production reaching record highs in America, drilling intents have slowed alongside declining oil prices.
Roan Resources has completed the transfer from its previous entity Linn Energy.
Zarvona Energy has acquired Tapstone Energy. This is Zarvona’s first investment in the SCOOP.