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IOGsi RED TOP NEWS:
WEEK #32, August 6, 2020
IOGsi Week #32, August 6, 2020 Highlights - There were 6 new oil and gas Drilling Permits issued in Kansas this past week by the Kansas Corporation Commission. This brings the year-to-date total of new drill locations issued to 255, compared to 586 locations a year ago (- 56%)-------------- COFFEYVILLE RESOURCES reports Kansas crude prices rose by $1.50 / bbl from a week ago (+ 3%). Kansas Common price at the close of the day on August 4th was $31.50 / bbl, Southcentral Kansas crude $34.25 / bbl and Eastern Kansas crude $29.75 / bbl. --------------- The total number of active drilling rigs in Kansas (moving to or currently on drill sites) was up by 3 rigs to 10 compared to a week ago (+ 43%). A month ago, there were only 5 active rigs (+ 100%). This same time a year ago, 34 rotary rigs were active in the State (- 71%). --------------- Statewide this year, 284 wells have been drilled with footage drilled totaling around 991,094 ft. Total footage drilled statewide last year was 2,369,344 ft (- 58%). Average well depth in 2020 is 3,490 ft compared to 3,101 ft a year ago. Of the total footage drilled, 878,525 ft was drilled in the western ranges (- 58%) and 112,569 ft in the eastern ranges of the State (- 56%).
In other news, the new 2020 Independent Oil & Gas Directory of Kansas, or more commonly referred to as the ‘Red Book’, is now in its second printing to meet the demands of our clients. You may place your order for the ‘Red Book’ online, by fax, email, or phone, as directed below on our Home Page. Cost is $85 per book (free shipping).
Currently, the most active Kansas Operators ranked by total number of wells spud (along with well reworks) are: RJ Energy (35 new), Murfin Drilling Company (13 new), Merit Energy Company LLC (11 new, 21 OWWO), BEREXCO LLC (12 new, 1 OWWO), and Colt Energy (11 new).
The most active Kansas Operators ranked by total footage drilled are: Merit Energy (174,299 ft), Murfin Drilling Company (66,488 ft), BEREXCO LLC (58,968 ft), Mull Drilling Company (39,613 ft), and RJ Energy (36,141 ft).
The most active Drilling Contractors ranked by total footage drilled are: (1) Murfin Drilling Company (240,195 ft), Duke Drilling Company (144,584 ft), Southwind Drilling (61,205 ft), BEREDCO LLC (54,973 ft), and Discovery Drilling (52,168 ft.