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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.
