SCOOP/STACK News Pulse December 2021

Posted: January 27, 2022

The SCOOP/STACK Basin | December 2021

Field Overview

Ranking 6th in oil production and 3rd in natural gas production, the SCOOP/STACK play is one of the largest fields within the continental United States. It is primarily a shale play, with the Anadarko and Ardmore basins providing a bulk of the production. Some of the top formations are the Woodford Shale and Hunton Carbonate.


State Drilling Statistics
Total Rigs in Oklahoma- 49 (-1)
Total Rigs in United States- 586 (+17)
Total U.S. Rigs 53% YTD

State Permitting Data
Permits Approved – 130


Basin Highlights

Ovintiv big winner in Oklahoma

Among the many new wells drilled in the SCOOP and STACK basins, Ovintiv has seemingly the most productive ones. The 3 new wells completed in August of 2021 produce on average over 4,100 barrels of oil a day. Continental Resources has also been busy, however, with more of a focus on natural gas. One of their wells in particular produces 24,603 Mcf of natural gas per day. 

EPA withdraws Trump Oklahoma Environment Order after Input from Tribes

On Dec. 22 of 2021, the U.S. Environmental Protection Agency revisited a decision made by the Trump administration concerning jurisdiction over environmental issues in Oklahoma. The current situation allows the state to make decisions concerning oil and gas ventures on tribal land, the EPA is looking to hand the authority for such decisions back to tribal leaders. The republican Oklahoma government fears losing regulatory control over the extraction of natural resources in the area. 

$50M gift to OSU a game-changer for energy security

Continental Resources CEO Harold Hamm announced a $50M donation to Oklahoma State University which will be used to build a new building dedicated to educating students about the future of the energy industry. The new institute will include a state-of-the-art lab with wells drilled directly below the building, classrooms, and an auditorium for guest industry speakers. Hamm is quoted as saying “…we look forward to working with that next generation of energy greats that this will create.”


Most Permits By Operator in OK

RankCompanyPermits
Approved
1Continental Resources13
2Citizen Energy12
3Ovintiv 8
4Camino5
4Paloma5
Hyperlinks to available Q3 2021 Reports

Rig Count


Oklahoma Oil Production


Oklahoma Gas Production


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The information contained in this newsletter is provided by RARE
PETRO Engineering, PLLC via the following sources unless otherwise
noted:

www.eia.gov
www.drillinginfo.com
www.bhge.com
RARE Petro Analytics

Related Tags: News Pulse | Oklahoma | Scoop Stack

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