The SCOOP and STACK combo play in central Oklahoma recently has emerged as one of the most prolific and attractive shale production regions in the U.S. Like the Permian Basin (albeit on a much smaller scale), rig counts in this play have weathered the crude oil price decline better than most of the rest and, along with the Permian, are leading a rebound as prices move higher. These days, SCOOP/STACK producers are primarily targeting crude oil and condensates, but the area also is seeing a resurgence of natural gas output from associated gas. More than that, given its economics, location and ample infrastructure, gas supply from the region has the potential to be directly competitive with Marcellus/Utica supply. Today, we begin a series analyzing production trends in the SCOOP/STACK, with a focus on natural gas.
The RBN NATGAS Haynesville is a weekly natural gas fundamentals analysis focused on supply, flow, and LNG-driven demand dynamics within the Haynesville basin.
We’ve been following developments in the SCOOP/STACK closely in the RBN blogosphere. Before we get to current trends, let’s do a quick review of what’s happened so far. First, a bit of geographic orientation. As we noted in the intro, SCOOP/STACK is situated in central Oklahoma (the gray-shaded oval in Figure 1). As we first described in Scoop-y Do, SCOOP is a 3,300-square-mile area in the southern extension of the Woodford Shale’s Cana field in south-central Oklahoma (orange oval in the inset map in Figure 1), with most of the activity currently in Grady, Stephens, and Garvin counties as well as a bit in Caddo. The STACK play (yellow oval in inset) sits just north of there (northwest of Oklahoma City), with activity centered around Kingfisher, Blaine, Dewey and Custer counties, plus some activity in portions of Canadian county.
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About the song
"Stardust" is an American popular song composed in 1927 by Hoagy Carmichael, with lyrics added in 1929 by Mitchell Parish. The song became an American standard, and is one of the most recorded songs of the 20th century, covered by over 1,500 artists, including by Bing Crosby, Louis Armstrong, Benny Goodman, Ringo Starr, and Willie Nelson. The song was included on the Carmichael compendium “Stardust, and Much More”, a reissue album from RCA/BMG, part of a series of classic jazz and blues collections.
