The SCOOP/STACK Basin | January 2022
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- 51 (+2)
Total Rigs in United States- 610 (+24)
Total U.S. Rigs 59% YTD
State Permitting Data
Permits Approved – 115
The Rangers Drilling Spacing Unit or Rangers DSU is a development by Brookside Energy in the Anadarko basin of Oklahoma. Citation, Continental, and XTO, three of the highest producing companies in the U.S., have offered their endorsement of the project by way of buying working interests to the tune of 10.2%, 5.3%, and 1.7% respectively. Experts believe the multilateral approach is proof of the area’s quality.
On January 31 Medford, Oklahoma experienced a 4.5 magnitude earthquake. Medford is home to a large portion of the state’s oil and gas industry, which industry is being blamed for the increase in seismic activity. Several years ago a similar incident occurred, the response was to shut in deep saltwater disposal wells nearby, which was followed by a sharp decrease in earthquakes. The Oklahoma Corporation Commission (OCC), has similarly ordered the shut in of 3 wells near the epicenter and restricted volume of several others.
A shocking discovery was made in early January near Oklahoma City, Oklahoma. A European Space Agency satellite picked up a large plume of methane gas near pipelines and wells. The oil and gas infrastructure in the area is owned by three different operators, two of which failed to make a statement and the other denied that they were the source. The Oklahoma Department of Environmental Quality was unable to identify the source, however, they remain in search of ways to reduce the amount of emissions, particularly methane, from the state.
Most Permits By Operator in OK
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Oklahoma Oil Production
Oklahoma Gas Production
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