Positioned forProfitable 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 2018
Our Oklahoma production averaged 67,000 net boed during fourth quarter 2018,up 4% from the year-ago quarter,with only 12 gross Company-operated wells brought to sales.In the SCOOP Woodford,seven infill wells on the 3R pad (eight wells per section spacing) achieved an average 30-day IP rate of 2,600 boed (69% liquids).On the same pad, we also brought online a Springer delineation well that achieved a 30-day IP rate of 1,825 boed (81% 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.