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IOGsi RED TOP NEWS:
WEEK #38, SEPTEMBER 19, 2019
IOGsi Week #38, September 19, 2019 Highlights - There were
34 new Kansas drilling permits this past week. The year-to-date
total stands at 725 new locations compared to 1,309 a year ago
(- 45%).---------- Kansas crude prices rose sharply by $2.25
b/b from a week ago. Kansas Common crude closed the week at
$48.25 / bbl, Southcentral Kansas crude $50.00 / bbl, and Eastern
Kansas crude $45.50/ bbl. ---------- The total number of active
drilling rigs in Kansas (either moving to or on drill sites)
had a slight gain of 2 rigs to 37 from a week ago (+ 6%). A
month ago there were 34 active rigs (+ 9%). This same time a
year ago 47 rotary rigs were active in the State (- 21%). ----------
The Western Ranges of the State account for 76% of all drilling
activity.
In other news, the Kansas Geological Survey in Lawrence (KS)
has released a list of the top ten oil and gas producing counties
in the State in 2018. In OIL PRODUCTION, Ellis County was the
top producer with 2,600,442 bbls of oil produced. Other counties
and their volumes (bbls) include: 2) Haskell – 2,495,492,
3) Finney – 1,808,190, 4) Barton – 1,692,419, 5)
Russell – 1,557.564, 6) Rooks – 1,527,162, 7) Ness
– 1,521,300, Stafford – 1,109,047, 9) Graham –
932,775 and 10) Barber – 793,477. Kansas total oil production
for 2018 was 34,707,978 bbls. -----------In GAS PRODUCTION,
Stevens County was the number one producer with 27,200,639 Mcfg
produced. Other counties and their volumes (Mcfg) include: 2)
Grant – 22,404,046, 3) Kearny – 19,160,903, 4) Harper
– 17,170,829, 5) Barber – 14,882,729, 6) Haskell
– 12,604,996, 7) Morton – 11,851,258, 8) Finney
– 11,580,191, 9) Stanton – 9,673,552, and 10) Seward
– 9,112,466. Kansas total gas production for 2018 was
202,139,702 Mcf.
