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IOGsi RED TOP NEWS:
WEEK #46, November 14, 2019
IOGsi Week No. 46, November 14, 2019 Highlights - There were
25 new Kansas drilling permits this past week. The year-to-date
total stands at 951 new locations compared to 1,616 a year ago
(- 41%).---------- Kansas crude prices rose by 75¢ /bbl from
a week ago (+ 1.6%). Kansas Common crude closed the week at
$47.25 / bbl, Southcentral Kansas crude $49.00 / bbl, and Eastern
Kansas crude $44.50 / bbl. ---------- The total number of active
drilling rigs in Kansas (either moving to or currently on drill
sites) increased by two rigs from a week ago to 30 (+ 7%). A
month ago, there were 32 active rigs (- 6%). This same time
a year ago, 49 rotary rigs were active in the State (- 39%).
---------- The Western Ranges of the State account for roughly
73% of all drilling activity this past week.
In other news, L.D. Drilling, Inc., Great Bend (KS), has a
new Mississippian (Osage) oil discovery in Ness County. The
#1-13 Sampson Trust is producing an undisclosed amount of crude
oil at site located in approximately NE SW NE in section 13-
T18s- R23W, about two miles north and four miles east of the
city of Great Bend, KS. The wildcat found the new reserves almost
two miles southwest of the Langer oil field (1974) where production
began from the Osage formation until Cherokee oil was later
discovered in the field in 2005. The Langer pool has produced
nearly 218,000 bbls of oil to date. L.D. Drilling's latest oil
field has not been named. ---------- Jolen Operating Company,
Oklahoma City (OK), has established the new Majestic oil field
in Clark County with the successful completion of the #1-3 Philip
Glen Trust, spotted in approximately SE NE SE in section 3-
T33s- R24W. The new wildcat discovery well was drilled to a
total depth of 7050 ft at site located seven miles west of Ashland,
KS. Crude oil is being recovered from the Lansing - Kansas City
formations. Details remain confidential currently. Other closest
known production lies nearly three miles to the northwest in
the Red Cliff oil field (1987), which produced around 7,700
bbls of oil from the Viola formation over a five-year period
before being abandoned. ----------Stelbar Oil Corporation, Wichita
(KS), is producing oil from the Marmaton formation at the #1-2
Eaton in Scott County. The wildcat discovery well opens the
new Range Rider oil field about three miles south and four miles
east of Scott City, KS. Sterling Drilling tools bottomed the
well at a total depth of 4723 ft in the Mississippian formation.
Drill site was chosen in approximately NE SE SW in section 2-
T19s- R32W. Completion details are being held as confidential.
The new reserves were discovered nearly two miles southwest
of the Newby South oil field (1990), which also produced a small
amount of oil from the Marmaton. ----------
