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IOGsi RED TOP NEWS:
WEEK #27, July 2, 2020
IOGsi Week #26, June 25, 2020 Highlights - There were 4 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 214, compared to 480 locations a year ago (- 54%)-------------- COFFEYVILLE RESOURCES reports Kansas crude prices rose by $1.75 / bbl from a week ago (+ 6%). Kansas Common price at the close of the day on July 1st was $30.00 / bbl, Southcentral Kansas crude $31.75 / bbl and Eastern Kansas crude $27.25 / bbl. The total number of active drilling rigs in Kansas, either moving to or currently on drill sites, declined from 10 rigs a week ago to 5 (- 50%). A month ago, there were 4 active rigs (+ 25%). This same time a year ago, 31 rotary rigs were active in the State (- 84%). --------------- Statewide this year, 260 wells have been drilled with total footage drilled of about 905,148 ft. Of the total, 802,945 ft was drilled in the western ranges and 102,203 ft was drilled in the eastern ranges of the State. Last year total footage over the same period was around 1,918,931 (-53%).
In exploration news, Cobalt Energy LLC, Wichita (KS), has successfully expanded the Hatcher Northwest oil field in Graham County with the discovery of new Arbuckle oil pay source. Cobalt established the Hatcher Northwest pool in late 2018 when the #1-36 Elizabeth A, SE/4 of section 36- T8s- R22W, averaged 87 BOPD with production coming from the Lansing-Kansas City formation. In February this year, Cobalt drilled their first step out well, #2-36 Elizabeth A. Drill site was three-quarters mile west of the pool discovery well in the SW/4 of section 36. The #2-36 encountered oil deposits in the Arbuckle Dolomite and has been designated as an infield wildcat discovery in the pool. No completion information is available. Murfin Drilling tools drilled the well to a rotary total depth of 3801 ft. Field area is located about three miles south and six miles east of Hill City, Kansas. Well details remain confidential currently. (ref: API 15-065-24182)
Murfin Drilling Company, Wichita (KS), has recovered crude oil from the Lansing-Kansas City formation at the #1-24 Dorsch, spotted in C N/2 NW SE in section 24- T2s- R 38W, northwest Kansas. Discovery site is in Cheyenne County, about one mile west of Murfin’s #1-20 Culwell (G) that was completed in early 2018 for 250 BOPD in the NW/4 of section 20. The Culwell (G) produced oil from the Lansing-Kansas City and Cherokee zones, resulting in the establishment of the Ken Southwest field. Murfin’s latest discovery on the Dorsch lease lies seven miles north of Bird City, Kansas. Brad Rine served as well site geologist. All drilling and completion information remains confidential. (Ref: API 15-023-21533)