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Independent Oil & Gas Service, Inc.

Scouting Oilfield Activity in Kansas since 1946

The Independent Oil & Gas Service, Inc. (IOGsi) is a major, proven source of reliable information when it comes to reporting on the latest oil and gas news in Kansas. Your access to timely, reliable, concise information is a key component in your decision making process. Our commitment is to provide you with the most up-to-date industry reports, news and statistics at a reasonable price. Improve your odds of success with “data you can trust”. Register today as a “New User” to start a no obligation 30-day trial.

IOGsi RED TOP NEWS: WEEK #24, JUNE 13, 2019

IOGsi Week #24, June 13, 2019 Oil & Gas Highlights - There were 31 new Kansas drilling permits this past week. The year-to-date total is 413 permits, compared to 726 a year ago (- 43%).---------- Kansas crude prices were up slightly by 50¢ / bbl from a week ago (- 1.2%). Kansas Common crude closed the week at $42.50 / bbl, Southcentral Kansas crude $44.25 / bbl and Eastern Kansas crude $39.75 / bbl. ---------- The total number of active drilling rigs in Kansas (either moving to or on drill sites) improved slightly from a week ago as muddy field conditions continue to dry out. There are 23 rigs active this week compared to 22 a week ago (+ 5%). A month ago there were 28 active rigs (- 18%). This same time a year ago 41 rigs were busy (- 44%). Nearly 91 percent of the total drilling activity is taking place in the Western Ranges of the State. Of the 20 western rigs, 14 rigs are currently making hole on drill sites and 9 others are attempting to move to new drill sites.

In other news, a total of 140 Kansas operators have drilled 397 wells in the first 24 weeks of this year. In comparison, there were 642 wells spud during this same period a year ago (- 38%). Total footage drilled (TFD) in the State is estimated to be around 1,380,696 ft, compared to 1,984,539 ft a year ago (- 30%). Of the total number of wells drilled, 66 have been wildcat exploratory wells compared to 96 a year ago (- 31%). Wildcat wells account for nearly 17% of the total number of wells that have been spudded in the State. Drilling in the Western Ranges tallied an estimated 1,238,435 TFD, compared to 1,667,284 TFD a year ago (- 26%). Eastern Range activity has fallen from an estimated 317,255 TFD in 2018 to 142,261 TFD in 2019 (- 55%). To sum it up, the overall average of drilling activity in Kansas is down 35% for the year.

 



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Kansas crude, Gas, Rigs 6/13/19


Kansas Crude Posting
Common: $42.50 bbl
So. Central: $44.25 bbl
Eastern:
$39.75 bbl

*Price based on CVR Refining Posting for Kansas Crude

Natural Gas Index

Panhandle Eastern Pipeline Co.
June: $1.86 MMBtu
May: $1.79 MMBtu
April: $2.15 MMBtu

Colo. Interstate Gas Co.
June: $1.86 MMBtu
May: $1.75 MMBtu
April: $2.25 MMBtu

Price History
Oil - Past 2 Years
Gas Price History

Kansas Rig Count
Current: 23
Week ago: 22 (+5%)
Month ago: 28 (-18%)
Year ago: 41(-44%)


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