SCOOP/STACK News Pulse March 2021

The SCOOP/STACK Basin | March 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 March)
Total Rigs in Oklahoma- 17
Total Rigs in United States- 417
Total U.S. Rigs down 43% YTD

State Permitting Data (End of March)
Permits Approved – 84

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


Basin Highlights

Oklahoma Attorney General joins lawsuit to undo Biden pause on US oil & gas lease sales

Thirteen states, including Oklahoma, sued the Biden administration Wednesday to end a suspension of new oil and gas leases on federal land and water and to reschedule canceled sales of leases in the Gulf of Mexico, Alaska waters and western states. The Republican-leaning states, led by Louisiana Attorney General Jeff Landry, seek a court order ending the moratorium imposed after Democratic President Joe Biden signed executive orders on climate change on Jan. 27. The suit specifically seeks an order that the government go ahead with a sale of oil and gas leases in the Gulf of Mexico that had been scheduled for March 17 until it was canceled; and a lease sale that had been planned for this year in Alaska’s Cook Inlet. And it calls for other suspended lease sales to go forward. Sales also have been postponed for federal lands in Wyoming, Utah, Colorado, Montana, Oklahoma, Nevada and New Mexico.

Article Link

Chesapeake in Trouble for Past Violations

Oklahoma based Chesapeake energy has had a difficult past year, and 2021 is looking to be only slightly better. A subsidiary of Chesapeake Energy Corp. was found guilty of failing to protect wetlands at 76 sites across Pennsylvania. As the state’s Department of Environmental Justice notes, “The Chesapeake disclosure noted that an internal environmental audit process revealed the company’s systemic failure to identify wetland resources in applications to DEP to construct oil and gas facilities in Pennsylvania between 2005 and 2014.” While it certainly is not ideal to pay such a large fine just after emerging from bankruptcy, it certainly looks good that they had reported it themselves.

Article Link


Most Permits By Operator

RankCompanyPermits
Approved
1Devon12
2Continental Resources9
3Camino Natural Resources4
4Charter Oak Production 3
4Chaparral Energy3
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
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www.eia.gov
www.drillinginfo.com
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