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IOGsi RED TOP NEWS: WEEK #49, DECEMBER 6, 2018 -
IOGsi Weekly Oil & Gas Report Summary - There were 28
new Kansas drilling permits this past week. The year-to-date
total is 1,718, compared to 1,359 a year ago (+26%). Kansas
Common crude price was up by $2.75 / bbl from a week ago to
close at $43.25 / bbl, Southcentral Kansas crude $45.00 / bbl
and Eastern Kansas crude $40.50 / bbl. ---------- The number
of active drilling rigs in Kansas was up by one from a week
ago to 45 (-3%). A month ago there were 48 rigs active in Kansas
(- 6%) and only 36 rigs a year ago (+25%) ---------- A total
of 308 active operators have drilled 1,456 wells in the state
this year for a total footage drilled of approximately 4,147,666
ft. This compares to 276 active operators (+12%) drilling 1,212
wells (+20%) for a total footage drilled of approximately 3,558,679
ft (+17%) a year ago.