The Independent Oil & Gas Service, Inc.
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
” to start a no obligation 30-day trial.
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%.