SCOOP/STACK News Pulse February 2021

Posted: March 17, 2021

The SCOOP/STACK Basin | February 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 basin’s providing a bulk of the production. Some of the top formations are the Woodford Shale and Hunton Carbonate.


State Drilling Statistics (End of February)
Total Rigs in Oklahoma- 17
Total Rigs in United States- 402
Total U.S. Rigs down 49% YTD

SCOOP/STACK Top Producers
Top Gas Producer- EOG Resources, INC.


Basin Highlights

Stitt Executive Order

Governor Stitt refuses to take the Washington orders without a fight. Executive Order 2021-03 serves to highlight Oklahoma’s role in providing global energy in an attempt to show Washington that they will not be missing out on state revenues. The order cites federal overreach against energy producing states like Oklahoma and those in the west. Both the state house and senate issued their support. As Representative Jay Steagall puts it, “The Tenth Amendment limits the scope of federal power and prescribes that the federal government was created by the states specifically to be an agent of the states. It is well within the purview of each individual state to secure it’s citizens’ unalienable rights.”

Article Link

Oil Supports Non-Profits

Oklahoma is one of the nation’s leading energy producers, and nonprofit organizations are extending their thanks. Many nonprofits are highlighting the fact that they could not exist without the supplementary funding of oil and gas production. Every year, the oil and gas industry gives a third of what our campaign raises,” said United Way of Central Oklahoma President & CEO Debby Hampton. In the last 10 years, Oklahoma oil and gas has matched ⅓ of the United Way’s raised funds, or some $60 million. In 2021 alone, the industry donated $1,378,155 to regional food banks of Oklahoma. Art programs even benefit from oil and gas. Allied Arts, an Oklahoma based organization that supports art programs in communities received $3 million in 2020 alone. The benefits of oil and gas far surpass the funds that are collected as severance tax, and continue to benefit communities within Oklahoma.

Article Link


Top Gas Producers (2020 cum)

RankCompanyProduction
(MCF)
1Continental166,942,059
2Trinity89,693,021
3Devon61,807,566
4Merit57,949,210
5Cimarex50,479,598
Hyperlinks to available Q4 2020 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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