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
2
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.