Playbooks

Oklahoma 2018

Issue link: http://yearbook.epmag.com/i/1042532

Contents of this Issue

Navigation

Page 22 of 55

OKLAHOMA: KEY PLAYERS UGcenter.com | November 2018 | 21 to date and the results of the Score program con- tributed to the identification of more than 6,500 risked locations and 8,000 unrisked locations in the Anadarko Basin," Newfield stated on its website. In 2018 Newfield has been focused on drilling multiwell developments utilizing various spacing configurations, the company stated on its website. "The company plans to invest as much as $1 billion in the Anadarko Basin over the next year to further grow production and cash flow from these assets." Second-quarter 2018 domestic net production was 186,700 boe/d (39% oil and 62% liquids), according to the company's second-quarter 2018 results report. "Stronger than expected production results were driven primarily by the Anadarko Basin, which averaged 131,100 boe/d," the report stated. "Second-quarter average net liquids production in the Anadarko Basin grew approximately 15% relative to the prior quarter to over 80,000 boe/d." The company's net crude oil production from the Anadarko Basin averaged more than 42,000 bbl/d of oil. In addition, "positive drilling results" were released in the Northwest Stack, where the com- pany holds about 24,000 net acres (more than 70% operated). By year-end 2018 more than 80% of this position is expected to be HBP, according to the report. Oklahoma Energy Acquisitions LP/ Alta Mesa Holdings LP Oklahoma Energy Acquisitions LP was incor- porated in 2005 and is based in Houston. The company operates as a subsidiary of Alta Mesa Holdings LP. Independent energy company Alta Mesa specif- ically operates in the Stack play in Oklahoma with about 130,000 net surface acres. The company has drilled and operates 327 horizontal wells in the Stack oil window. The company's 2018 plans include a budget designed to deliver 170-plus wells for 400-plus total horizontal wells by year-end, according to a June investor presentation. "Alta Mesa Upstream currently has eight rigs operating in the Stack play area and is adding a ninth rig during the third quarter of 2018. Cumu- latively, Alta Mesa Upstream has now drilled about 350 horizontal wells in the Stack," the company stated in its second-quarter 2018 report. "The com- pany now expects 2018 exit production of 38,000 to 40,000 boe per day and average production of 29,000 to 31,000 boe per day for full-year 2018." Roan Resources LLC In 2017 LINN Energy Inc. and Citizen Energy II LLC formed Roan Resources, each contributing upstream assets that totaled nearly 140,000 net acres in the Merge and Scoop/Stack plays. After officially taking over field operations in January 2018, Roan Resources was producing approxi- mately 45,000 boe/d by the end of July, according to the company. Roan now has about 150,000 net acres total. The independent E&P company also has more than 2,400 net drilling locations. Roan Resources has more than 2,400 net drilling locations including this site in the Merge play in Oklahoma. (Photo courtesy of Roan Resources)

Articles in this issue

Links on this page

Archives of this issue

view archives of Playbooks - Oklahoma 2018