Positioned for Profitable GrowthSTACK/SCOOP, Oklahoma
About the PlaySTACK/SCOOP
With a history in Oklahoma that dates back more than 100 years, today our primary focus in Oklahoma has been delineation and leasehold protection in the Meramec play in the STACK and delineation of the Woodford and Springer plays in the SCOOP, as we move toward infill development.
We hold net acreage with rights to the Woodford, Springer, Meramec, Osage, Oswego, Granite Wash and other Pennsylvanian and Mississippian plays, with a majority of this in the SCOOP and STACK.
Latest Activity4Q 2017
Our unconventional Oklahoma production averaged 64,000 net boed during 4Q 2017. We brought 26 gross Company-operated wells to sales during the quarter predominately focused in the STACK on Meramec infill wells and leasehold activity. The Company's first STACK volatile oil infill development, the Tan, in southwest Kingfisher County averaged 30-day initial production rates of 1,840 boed (60% oil).
Understanding the IssueSeismicity
In late 2016, Oklahoma regulators issued new guidelines for oil and gas operators to manage risks of potential anomalous seismicity in the SCOOP/STACK area of the state.
Using Best PracticesHydraulic Fracturing
In combination with advanced horizontal drilling technology, fracking makes it possible to develop oil and gas resources that were previously inaccessible.
Challenging the Status QuoOklahoma
Process Engineer Sarah DuConge highlights how it takes teamwork, technology and good old-fashioned engineering to sustain base production.
Using data to take advantage of the linkage between innovation and operational excellence.