SCOOP/STACK News Pulse January 2022

Posted: March 9, 2022

The SCOOP/STACK Basin | January 2022

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- 51 (+2)
Total Rigs in United States- 610 (+24)
Total U.S. Rigs 59% YTD

State Permitting Data
Permits Approved – 115


Basin Highlights

Brookside Energy welcomes participation of large US oil & gas producers in Rangers DSU

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. 

Oklahoma’s Oil Regulator to Shut Some Disposal Wells Following Large Quake

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.

Methane Cloud Spotted Near Oklahoma Natural Gas Pipelines

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

RankCompanyPermits
Approved
1Citation Oil & Gas13
2Citizen Energy10
3Ovintiv 8
4E2 Operating5
4Mewbourne Oil5
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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