SCOOP

SCOOP/STACK:

STACK (Sooner Trend, Anadarko, Canadian, and Kingfisher) and SCOOP (South Central Oklahoma Oil Province) plays.

Updates

November 15, 2021: update on Woodford / Marietta Basin, Oklahoma and North Texas.

January 6, 2017: natural gas trends in the SCOOP. 

April 21, 2016: link at Oil & Gas Journal --

White Star Petroleum LLC, until recently known as American Energy-Woodford LLC, has entered a definitive agreement to buy Mississippi Lime and Woodford shale properties from Devon Energy Corp. for $200 million.

White Star is becoming a standalone company after operating as a unit of American Energy Partners LP. As part of that change, Elliot J. Chambers, chief financial officer, has been named to the additional role of chief executive officer, and Joseph D. Craig, formerly vice-president of operations, has been named chief operating officer.

The acquisition from Devon covers 210,000 largely contiguous acres offsetting acreage White Star holds in central-northern Oklahoma. Average net production from 555 operated and nonoperated wells in the acquisition was 12,800 boe/d in the first quarter, about 30% oil. Reserves at yearend 2015 totaled 11 million boe.

White Star said the acquisition doubles its production and acreage in north-central Oklahoma.

August 5, 2016: CLR sells non-core assets in SCOOP for about $10,000 / mineral acre. 

February 25, 2016: building out continues -- RBN Energy. 

February 19, 2016: still attracting new investors. 

November 19, 2015: Newfield, STACK, SCOOP and comparison with the Bakken, Zeits.

August 8, 2015: update, 2Q15 earnings/conference call. 

February 10, 2015: Wood Mackenzie update in Rigzone. 

May 7, 2014: Devon buys 50,000 acres for $250 million in the Cana-Woodford. 

January 18, 2014: a bit of hyperbole on the SCOOP, pehaps? 

December 22, 2013: Motley Fool update.

October 20, 2012: Z-Man on Chesapeake, Scoop at SeekingAlpha.com.

The rationale for the high per-acre valuation for the "sweet spot" acreage is best illustrated by the slides from a recent Continental Resources' (CLR) presentation which show a remarkably thick, premium quality Woodford Shale deposition underlying the area in which a significant part of Chesapeake's acreage is located (Continental refers to the southern extension of the Cana Woodford play as "SCOOP," which stands for South Central Oklahoma Oil Province).

Original Post

Link here to site where I first heard about SCOOP (a huge "thank you" to CarpeDiem.com; unfortunately the page at the link no longer exists).

Continental Resources Inc. says a shale-oil discovery in Oklahoma may add the equivalent of 1.8 billion barrels of crude to the company's reserves as it drills more than 2,000 wells in coming years.

The South Central Oklahoma Oil Province, or SCOOP, lies beneath oilfields that began producing crude as early as 1905, Oklahoma City-based Continental said in a slide presentation prepared for a meeting with analysts Tuesday.

The geology of the discovery is similar to the Bakken Shale region in North Dakota and Montana, where Continental is the largest holder of drilling rights, according to the presentation.

The company has been quietly amassing drilling leases in the SCOOP since at least 2010 and now holds 170,600 acres. The wells Continental has so far drilled in the SCOOP have cost about $9 million apiece.

Continental is exploring for crude in two other "stealth" prospects in the U.S., company President Rick Bott said during the presentation. He declined to identify the location or estimated size of the fields.