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IOGsi RED TOP NEWS:
WEEK #7, FEBRUARY 14, 2019
IOGsi Weekly Oil & Gas Highlights - There were 11 new
Kansas drilling permits this past week. The year-to-date total
is 100 permits, compared to 202 a year ago (- 50%). Kansas Common
crude price was unchanged by from a week ago to close at $44.25
/ bbl, Southcentral Kansas crude $46.00 / bbl and Eastern Kansas
crude $41.50 / bbl. ---------- The number of active drilling
rigs in Kansas was up by one from a week ago to 33 (+ 3%). A
month ago there were 37 rigs active in Kansas (- 11%) and 38
rigs a year ago (+13%) ---------- Forty-nine active operators
have drilled 93 wells in the state so far this year for a total
footage drilled of approximately 264,954 ft. This compares to
80 active operators (- 39%) having drilled 156 wells (- 40%)
for a total footage drilled of approximately 491,715 ft (- 46%)
from a year ago. Eastern Kansas drilling activity has come to
a halt presumably due to frigid cold weather and is off by nearly
59% from this time a year ago. Western Kansas drilling is down
44%. ----------
