The SCOOP/STACK Basin | December 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- 64 (-5)
Total Rigs in United States- 771 (-4)
Total U.S. Rigs 28% YTD
State Permitting Data
Permits Approved – 75
William Berry, CEO of Continental Resources, retired at the start of the year. In his place, former president and COO, Doug Lawler will retain his president title and claim that of CEO. Berry held his role at Continental Resources for about a year before retiring. Lawler has been with the company for just under a year, however, he has been in the industry for over 30 years, many of which were spent at the chief or executive level.
TC Energy Corp.’s Keystone pipeline has been out of operation for nearly a week after it released an estimated 14,000 bbl in what is the largest spill in its dozen years of operation. The pipeline has a capacity of 600,000 b/d, however, such volumes won’t be resumed until investigation, recovery, repair and remediation wrap up. While the leak took place in the SCOOP and STACK region, other parts of the pipeline, which runs from Alberta to Texas, are coming online quicker, in particular from Alberta to Illinois. Meanwhile, 300 pipeline employees and environmental contractors have been working non-stop to contain and cleanup the infamous spill.
A country bordering Oklahoma City has experienced a reported 20 earthquakes in the span of just a week. Grady County is known for its oil reserves and oil production. The Oklahoma Corporate Commission (OCC) has begun investigating the root of the issue which seems to be an unnamed oil and gas operator in the area. The operator has voluntarily moved out of the area to allow the investigation to proceed unhindered. The OCC has stated that while only about 5-10% of well operations in the area have been known to cause earthquakes, when it does, it can cause quite a few issues.
Most Permits By Operator in OK
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Oklahoma Oil Production
Oklahoma Gas Production
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