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Stardust, and Much More - Natural Gas Production Trends in the SCOOP and STACK, Part 1

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.

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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