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Oklahoma Weekly Report - 02/12/2018

OK Weekly Report

As we prepare for Valentine’s Day, our gift to you is not a bouquet of roses or a box of chocolates, but some incredible nuggets of information you wouldn’t be able to find anywhere else.

Leasing

  • WSGP increases acreage in Pittsburg county.
  • Continental continues to pick up leases in the SCOOP and remains one of the most active operators in Oklahoma.
  • R D Williams & Company have been very active in Love County along the OK/TX Border.

0212 report bar chart leases ok blog

0212 report township choropleth leases ok blog


Spacing

  • The top three operators in terms of spacing are focusing their activity in the STACK; expect these operators be top drillers in the near future.

0212 report bar chart spacing ok blog

0212 report township choropleth spacing ok blog


Pooling

  • Pooling applications are very high in Hughes with Antioch and Silver Creek the two most active operators.
  • Look for Antioch to increase its activity in the near future, potentially becoming one of the biggest operators in the Arkoma during 2018.

0212 report bar chart pooling ok blog

0212 report township choropleth pooling ok blog


Intents

  • Last week, Newfield was the most active operator in terms of intents to drill. Alongside Continental, both operators are focused in the SCOOP and STACK.

0212 report bar chart intents ok blog

02 12 report township choropleth intents ok blog


Completions

  • Activity is abundant in the STACK; the main players stay consistent with a high level of activity. These include Alta Mesa (Oklahoma Energy Acquisitions), Continental, Devon, and Jones.

  • We expect completion activity to continue to be focused in the STACK.

    0212 report bar chart completions ok blog

    0212 report township choropleth completions ok blog


    Density

    0212 report bar chart density ok blog

    0212 report township choropleth density ok blog


    Transfers

    • With a purchase of more than 20 wells in Nowata county from Rocky Top Energy, Cewell Energy is the highlight this week in terms of transfers.0212 report bar chart transfers ok blog

    0212 report township choropleth transfers ok blog


    Location Exceptions

    • Location exceptions continue to be primarily filed in the STACK.
    • Be on the lookout for more horizontal wells during the first half of 2018.

    0212 report township choropleth transfers ok blog

    0212 location exception


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