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Oklahoma Weekly O&G Report - 05/14/18


Published on May 14, 2018

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Note: Don’t be surprised if you see a few changes in our charts below. That’s because we’ve edited our pooling, increased density, spacing, and location exception charts to depict the differences in number of apps and orders filed. While we had previously shown these data sets as a total, we also felt it important to depict separately the number of apps and orders filed.


Oklahoma Leasing Activity

OK Lease Report - 051418OK Lease Map - 051418


 

Oklahoma Spacing Applications

  • Cimarex Energy is currently spacing the Woodford formation (no surprise given their May corporate presentation)

  • The majority of spacing activity is taking taking place in Blaine County, which is located in the western portion of the STACK.

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Oklahoma Completion Filings

  • Completions in Oklahoma continue to be focused in the STACK.  

  • This week we took a deeper look at Newfield: in last week’s Oklahoma activity report, we talked about Newfield’s increased density filings and future infield drilling activity. For a more holistic look at their activity, this week we looked at their completion data, from both their first quarter earnings report and from Atla (hint, look at the Velta June Lease). Atla users, contact your CSM to find out how to map this acreage!

OK Completions - 051418OK Completions Map - 051418


Oklahoma Pooling Applications

  • Trinity Operating Pooling activity is focused in the Arkoma Basin.

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Oklahoma Intents to Drill

  • With oil prices hitting above $70/bbl the STACK remains the most actively drilled in Oklahoma.  

  • The top 3 operators filing intents to drill in the STACK are Alta Mesa (Oklahoma Energy Acquisitions), Devon Energy and Hinkle Oil & Gas.

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Oklahoma Transfer Activity

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Oklahoma Location Exception

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Oklahoma Increased Density Filings

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