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Wells coming off the confidential list today -- Friday, March 29, 2019: 123 wells for the month; 343 wells for the quarter
- 35446, 2,631, WPX, Honey Locust 18-19HIL, Squaw Creek, t2/19; cum --;
- 35434, SI/NC, XTO, Emma 31X-30E, Alkali Creek, no production data,
- 35268, SI/NC, MRO, McCrory 44-35TFH, Bailey, no production data,
| $59.94 | 3/29/2019 | 03/29/2018 | 03/29/2017 | 03/29/2016 | 03/29/2015 |
|---|---|---|---|---|---|
| Active Rigs | 66 | 60 | 49 | 31 | 97 |
RBN Energy: a step-change for SCOOP/STACK gas takeaway capacity.
Midstreamers have been struggling to keep processing and natural gas pipeline constraints at bay in Oklahoma’s SCOOP/STACK plays, and the situation hasn’t gotten any easier in the past 18 months or so. Associated gas production from the Cana-Woodford has surpassed expectations, climbing 1 Bcf/d in that time to new highs near ~4.5 Bcf/d. Efforts by pipeline operators to keep pace with production gains have largely been on a piecemeal basis, mostly to tie in processing plants or modify/expand existing systems. Cheniere Energy’s Midship Project is looking to change that. The greenfield project, which received its final notice to proceed with construction from the Federal Energy Regulatory Commission (FERC) late last month, will level-shift takeaway capacity out of Oklahoma up by 1.44 Bcf/d in one fell swoop by the end of 2019. Today’s blog provides an update on Midship and other expansions in the region.
When we looked at associated natural gas production and the takeaway capacity situation in the crude- and condensate-focused SCOOP/STACK in central Oklahoma a couple of years ago, in early 2017, midstream constraints for natural gas out of the plays were on the horizon but not imminent. Crude production from Oklahoma as a whole was recovering after the drilling slowdown in 2015-16 that followed the crude price crash of mid-2014. The comeback was almost entirely concentrated in the Woodford Shale’s Cana region (a.k.a. the Cana-Woodford) — the part of the Anadarko Basin underlying the 11-county SCOOP/STACK (as RBN defines the plays), and an area that had remained somewhat of a bright spot for producers even through the downturn in crude prices.
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