Oklahoma oil fields gain recognition

Oklahoma's growing oil fields gained national recognition this week when the U.S. Energy Information Administration added the Anadarko Basin to its weekly Drilling Productivity Report.

The weekly snapshot of industry activity highlights the country's most active drilling areas. The Anadarko Basin — which includes the STACK and SCOOP fields — is the third most active in the country

"The Anadarko Basin has a long history of hydrocarbon production and, in recent years, has seen an increase in activity mainly from two areas commonly known as the STACK and SCOOP plays," EIA said in a statement this week.

The productivity report also includes information on the Permian Basin in west Texas and southeast New Mexico, the Eagle Ford in south Texas, the Haynesville in east Texas and northwest Louisiana, the Niobrara in Colorado and Wyoming and the North Dakota Bakken.

Also this week, the EIA combined its reports on the Marcellus in Pennsylvania area and the Ohio-area Utica into one group the agency now lists as Appalachia.

EIA recognizes the Anadarko as 24 counties in western Oklahoma and five counties in the Texas Panhandle. The region accounts for about 450,000 barrels of oil per day, 5.7 billion cubic feet of natural gas per day and 13 percent of the new wells drilled as of July.

Also this week, industry analyst firm IHS Markit said the STACK play continues to draw interest from companies throughout the region.

"Generally, we think the economics are pretty good and are on par with anything in the Permian and the best unconventional plays in the United States," Imre Kugler, associate director of energy research at IHS said in an interview Thursday.



By Adam Wilmoth

 

Link : http://m.newsok.com/article/5560584

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