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Independent Oil & Gas Service, Inc.

Scouting Oil Field Activity in Kansas since 1946

The Independent Oil & Gas Service, Inc. (IOGsi) is a major, proven source of reliable information when it comes to reporting on the latest oil and gas news in Kansas. Your access to timely, reliable, concise information is a key component in your decision making process. Our commitment is to provide you with the most up-to-date industry reports, news and statistics at a reasonable price. Improve your odds of success with “data you can trust”. Register today as a “New User” to start a no obligation 30-day trial.

IOGsi RED TOP NEWS: WEEK #11, MARCH 14, 2019

IOGsi Weekly Oil & Gas Highlights - There were 18 new Kansas drilling permits this past week. The year-to-date total is 158 permits, compared to 333 a year ago (-53%).---------- Kansas Common crude price increased by $2 / bbl from a week ago to close at $48.50 / bbl, Southcentral Kansas crude $50.25 / bbl and Eastern Kansas crude $45.75 / bbl. ---------- The number of active drilling rigs in Kansas was down from a week ago to 24. A month ago there were 32 rigs active in Kansas (-25%) and 41 rigs a year ago (-42%).

A total of 60 active operators have drilled 141 wells in Kansas so far this year. There were 253 wells spud during this same period a year ago (- 44%). Total footage drilled (TFD) in the State is estimated to be around 467,064 ft compared to 786,229 ft a year ago (- 41%). Of the total number of wells drilled, 26 have been wildcat exploratory wells compared to 43 a year ago (- 40%). Wildcat wells represent 17-18% of the total number of wells drilled in the State. An estimated 425,137 TFD has been accomplished in the Western Ranges compared to 688,644 ft a year ago (- 38%). Eastern Range activity has fallen from an estimated 97,585 TFD in the first two months in 2018 to 41,927 ft in 2019 (- 57%).



Red Book Directory

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Kansas crude, Gas, Rigs 3/20/19

Kansas Crude Posting
Common: $50.00 bbl
So. Central: $51.75 bbl
$47.25 bbl

*Price based on CVR Refining Posting for Kansas Crude

Natural Gas Index

Panhandle Eastern Pipeline Co.
Mar: $2.45 MMBtu
Feb: $2.67 MMBtu
Jan: $3.16 MMBtu

Colo. Interstate Gas Co.
Mar: $2.45 MMBtu
Feb: $2.85 MMBtu
Jan: $3.54 MMBtu

Mar: $2.46 MMBtu
Feb: $2.47 MMBtu
Jan: $2.93 MMBtu

Price History
Oil - Past 2 Years
Gas Price History

Kansas Rig Count
Current: 24
Week ago: 25 (-4%)
Month ago: 32 (-25%)
Year ago: 41(-41.5%)

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