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IOGsi RED TOP NEWS: WEEK #3, JANUARY 17, 2019
IOGsi Weekly Oil & Gas Highlights - There were 18 new
Kansas drilling permits this past week. The year-to-date total
is 40 permits, compared to 65 a year ago (- 38%). Kansas Common
crude price was down 25 cents / bbl from a week ago to close
at $42.25 / bbl, Southcentral Kansas crude $44.00 / bbl and
Eastern Kansas crude $39.50 / bbl. ---------- The number of
active drilling rigs in Kansas was down by 4 from a week ago
to 33 (- 11%). A month ago there were 43 rigs active in Kansas
(- 23%) and 32 rigs a year ago (+ 3%). A total of 451 operators
are currently active. Twenty-five operators have spudded wells
this year for a total footage of approximately 53,933 ft compared
to 148,335 ft a year ago (- 64%). The Western Kansas Region
shows a decline of 60% in drilling activity compared to last
year at this time. while the Eastern Region is down by 45%.
