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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 #20, MAY 16, 2019

IOGsi Weekly Oil & Gas Highlights - There were 21 new Kansas drilling permits this past week. The year-to-date total is 339 permits, compared to 587 a year ago (- 42%).---------- Kansas crude prices were unchanged from a week ago. Kansas Common crude closed at $52.25 / bbl, Southcentral Kansas crude $54.00 / bbl and Eastern Kansas crude $49.50 / bbl. ---------- The total number of active drilling rigs in Kansas (either moving to or on drill sites) was down by one from a week ago to 27 (- 4%). A month ago there were 33 active rigs (- 18%). This same time a year ago 41 rigs were busy (- 34%). Rig activity in the Western Kansas region comprised nearly 96% of the total. This week there were 14 rigs currently on drill sites and 12 others moving to new drill sites.

In other news, the Kansas Geological Foundation will be having its Annual KGF Mixer on Thursday, May 23, 2019, at the Wichita Petroleum Club from 4:30 to 8:00 PM. Hors d'ouvres and beverages will be provided. The Foundation holds this event in the effort to raise funds to support ongoing operations, which include the issuance of Scholarships to statewide university students, and efforts focused on preservation of geological and other data related primarily to petroleum industry activities in the region. You do not have to be a member to attend. The Foundation is actively seeking to increase its membership. It is worthwhile to join the Foundation and become a part of an organization dedicated to multiple worthy causes.

 



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Kansas crude, Gas, Rigs 5/20/19


Kansas Crude Posting
Common: $53.25 bbl
So. Central: $55.00 bbl
Eastern:
$50.50 bbl

*Price based on CVR Refining Posting for Kansas Crude

Natural Gas Index

Panhandle Eastern Pipeline Co.
May: $1.79 MMBtu
April: $2.15 MMBtu
Mar: $2.45 MMBtu

Colo. Interstate Gas Co.
May: $1.75 MMBtu
April: $2.25 MMBtu
Mar: $2.45 MMBtu

National Gas Pipeline
of America

May: $1.90 MMBtu
April: $2.19 MMBtu
Mar: $2.46 MMBtu

Southern Star Central
Gas Pipeline

May: $1.86 MMBtu
April: $2.25 MMBtu
Mar: $2.58 MMBtu

Price History
Oil - Past 2 Years
Gas Price History

Kansas Rig Count
Current: 27
Week ago: 28 (-4%)
Month ago: 33 (-18%)
Year ago: 41 (-34%)

 

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