What happened to the Arkoma Basin rig?

Successful expansions into the shallower Mayes and Caney shales drove the Arkoma Basin rig count to an all-time high of 50 in 2008. Unfortunately, success would be short-lived. A couple of years later, gas prices would crash, and activity diminishes almost to a standstill. The Basin’s largest operators sold off their assets and exited the Play.

How many oil & gas drilling sites does aogr have?

The company says it has a multidecade drilling inventory in the STACK and Delaware basins, with more than 30,000 potential locations identified. For other great articles about exploration, drilling, completions and production, subscribe to The American Oil & Gas Reporter and bookmark

Is Arkoma a dry gas shale?

It’s primarily a dry gas play but features an oil and condensate window on its western extent. Arkoma’s Woodford shale extends further into the Southern Oklahoma Basin and western Oklahoma’s Anadarko Basin. Oil and gas production in the Arkoma region began in the 1930’s with the drilling of conventional vertical wells.

Where is the Arkoma Basin?

His company operates just to the west of the original Arkoma Basin boundary in Hughes County, Oklahoma, drilling targets in rock it says is geologically equivalent to that found in the STACK and SCOOP. For example, he claims the shallower, more permeable Mayes formation, overlying the Woodford, is like that found in the STACK Meramec.

Are Oklahoma oil & gas operators getting better at scoop & stack?

For other great articles about exploration, drilling, completions and production, subscribe to The American Oil & Gas Reporter and bookmark Oklahoma operators are getting better at developing the SCOOP and STACK even as they extend those plays’ boundaries laterally and vertically.

Is the Arkoma Basin reviving old problems?

Regardless of its new brand, the Arkoma Basin’s uptick in activity is reviving old problems such as constraints on takeaway capacity, resident endangered species, and, of course, volatile energy market dynamics.