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Circle 9 Actively Leasing Seminole County


Oklahoma Weekly Report - July 9, 2018

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Oklahoma Leasing Activity

  • Circle 9, operating as C9 SUBCO LLC, has been the most active operator in Seminole county (recently acquiring more than 50,000 gross acres): are they on to something?

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Oklahoma Spacing Filings 

  • Grady remains the most actively spaced county in Oklahoma.

  • Primary applicants are Continental Resources, Newfield, and EOG Resources.

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Oklahoma Completion Filings

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Oklahoma Pooling Activity

  • BP has been filing pooling orders in the SCOOP.  

  • Projected completed well costs in McClain county are higher than $10 MM per well. How does this compare to other operators in the area?

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Oklahoma Drilling Intents Filed

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Oklahoma Transfer Activity

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    Oklahoma Location Exceptions

    • Location Exceptions are focused in Kingfisher county, signaling future horizontal drilling in the STACK during the second half of 2018.  
    • In late 2017 with oil at just under $60/bbl, Newfield claimed they could make 40% returns on new wells in the STACK. With prices currently over $70/bbl, we wonder how their returns have been affected?

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    Oklahoma Increased Density Filings

    • EOG’s recent Increased Density applications are focused in the Merge; don’t know about this up and coming area? Read all about it here.

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