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Continental Remains King of the SCOOP


Oklahoma Weekly O&G Report - 6/11/2018

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Oklahoma Leasing Activity

  • Despite a slight slowdown in Continental’s activity at the end of May, they still remain the most active operator in the SCOOP, with the majority of activity occurring in Stephens County.

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  • The company with the most leases in the MERGE in the last 60 days is a broker - RedSky Land. Could they be working for a new entrant or one of the companies already with a position?

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Oklahoma Spacing Applications 

  • EOG continues to space the Merge in McClain county, targeting the Mississippian, Woodford and Hunton formations.

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Oklahoma Completion Filings

  • Devon has been able to cut costs in the STACK, averaging almost $1.5MM in savings per well in the Showboat Development. Expect more savings in the future as they continue to optimize their completions process.

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Oklahoma Pooling Applications

  • Continental’s pooling applications are targeting the Springer formation, which is part of the Springboard Project we talked about a few weeks ago. Their pooling orders are focused in the western portion of the STACK.

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Oklahoma Drilling Intents Filed

  • No surprise that Newfield is active primarily in Kingfisher County. Check out our recent STACK report for a more in-depth look into this and other operators in the STACK.

  • The SCOOP and STACK rig count continues to increase in 2018.

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Oklahoma Transfer Activity

  • Impact Energy acquired assets from Primexx Operating in northern Oklahoma. They have a great track record in the Anadarko basin.

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Oklahoma Location Exceptions

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Oklahoma Increased Density Filings

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