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BASIN FOCUS

AN ALPHABET SOUP IN THE MIDDLE OF THE COUNTRY

I

t’s no secret that the Permian Basin totally dominated oil and

2018. The region’s production is projected to grow incrementally in the coming

gas drilling and production growth beginning in 2016. But after

months.

the feeding frenzy ran up Permian acreage prices to all time highs, another play began to get significant attention. The play is called the SCOOP/STACK and it’s located in

The EIA added the Anadarko Basin to its Drilling Productivity Report in late 2017, noting that two main plays—the SCOOP and STACK—were responsible for most of the new oil and gas production.

Oklahoma, within the Anadarko

An Oklahoma Minerals report

Basin. The Anadarko Basin

in March 2018 describes

includes 24 counties in Oklahoma

the STACK as “essentially

and five counties in Texas.

the old Sooner Trend being re-developed horizontally.

“With breakevens ranging from

There is a ton of up-side

$29–$43/bbl, Oklahoma’s

with stacked pay zones

SCOOP/STACK shale plays are

in the Mississippian aged

living up to their reputation,"

formations,” the publication

McKinsey said in a report about the play.

said. “During 2017, the

The SCOOP play is an acronym

offered in the STACK was

that stands for South Central

$7,000/acre. Not only is

Oklahoma Oil Province. The

that the highest amount

STACK is also an acronym,

offered in the STACK, but

standing for Sooner Trend

it is the highest amount

Anadarko Canadian and

offered in the entire state of

Kingfisher – the names of

Oklahoma.”

counties in Oklahoma underlain by the Cana-Woodford formation. The STACK is on the north end and the SCOOP is on the south. According to an EIA report, the Anadarko region accounted for 503,000 barrels of oil per day (BOPD) of oil production and 6.5 billion cubic feet per day (Bcf/d) of natural gas production as of April

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ENERCOM360 M A G A Z I N E

highest bonus payment

Oil companies acquiring leases in the SCOOP/STACK paid on average about $15,000 per acre in 2017. Some producers have begun to add the name ‘Merge’ to the end of the SCOOP/STACK alphabet soup. They label the ‘Merge’ play as the area between the STACK and SCOOP fields.

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EnerCom360 Magazine June 2018  

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