Oklahoma 2018

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OKLAHOMA: KEY PLAYERS 22 | November 2018 | SandRidge Exploration & Production LLC Founded in 2000, SandRidge Exploration and Pro- duction LLC, formerly known as NEG Operating LLC, is based in Oklahoma City and operates as a subsidiary of SandRidge Energy Inc. SandRidge has 72,577 net acres (52% HBP) in the northwest Stack and 360,280 (95% HBP) in the Mississippi Lime, according to a June investor presentation. The company reported first-quarter production of 27,200 boe/d (43% liquids) in the Mississippi Lime and 3,000 boe/d (65% liquids) in the Stack. SandRidge has 31 operated producing wells, 179 undeveloped locations and one rig run- ning in the Stack, according to the presentation. The company also has 1,157 operated producing wells, 95 undeveloped locations and one rig run- ning in the Mississippi Lime. In the second quarter, the company reported that five new wells went online in the Northwest Stack with a combined 30-day IP rate averaging 584 boe/d (69% oil), according to SandRidge's sec- ond-quarter results report. Second-quarter produc- tion in the Mississippi Lime totaled 2.5 MMboe (27,000 boe/d, 17% oil) and Northwest Stack totaled 249,000 boe (2,700 boe/d, 43% oil). Unit Petroleum Co. Unit Petroleum Co. is a wholly owned subsidiary of Unit Corp. At year-end 2017, Unit Petroleum owned 150 MMboe of reserves (75% proved devel- oped), primarily in the Anadarko and Arkoma basins, and operated or owned an interest in more than 6,400 wells, according to the company's web- site. The company's strategy is to drill low-risk field extension or development wells on internally generated prospects. In Unit Corp.'s first-quarter results press release, the company reported that in Southern Oklaho- ma's Hoxbar area it completed three new March- and horizontal wells: the Schenk Trust #1-17HXL with a 30-day IP of 2,318 boe/d, the McConnell #1-11H with a 30-day IP of 1,426 boe/d and the Liv- ingston Land #1-33/4, which is in the early stages of cleanup. Unit said its plan is to continue run- ning one rig throughout the remainder of the year. In addition, Unit spud its initial well, the Irwin #1-4H, in the Stack play in Dewey County in West- ern Oklahoma in March and also participated in seven nonoperated wells during the first quarter, according to the press release. Additionally, in the second quarter in the Southern Oklahoma Hoxbar Oil Trend (SOHOT), the McGuffin #2-19H well was completed with an initial rate of 700 bbl/d of oil, according to the company's second-quarter results release. Two additional Marchand extended lateral wells are being fracture stimulated. "The SOHOT play con- tinues to be Unit's highest oil weighted play," the report stated. White Star Petroleum LLC Incorporated in 2013, White Star Petroleum LLC owns and operates oil and gas reserves in the Midcontinent in Oklahoma. The company was formerly known as American Energy-Woodford LLC and changed its name to White Star Petroleum LLC in March 2016. In March 2017 the company acquired about 30,500 net acres in the Midcontinent region in two transactions with Double Eagle Energy Oklahoma LLC and the equity holders of Lighthouse Oil & Gas LP, according to a press release. The company also acquired 18,500 net acres in Central Northern Oklahoma from Sundance Energy Inc. in 2017. According to September 2018 and Tulsa World articles, White Star Petroleum had intentions to drill in Garfield County, Okla. XTO Energy Inc. XTO Energy is a subsidiary of Exxon Mobil and works across 1.1 million acres and 26 counties in Oklahoma. It produces 11,000 bbl/d of oil and 336 MMcf/d of natural gas in Oklahoma (as of Sept. 7), according to the company's website. In July XTO filed to drill two extended laterals in the Stack in Major County targeting the Osage Formation, according to reports by MarketWatch News and Streetwise Reports. During the first half of the year, XTO work underway in the Ardmore Basin included extend- ed-lateral prospects, planning for shale wildcats as well as drilling horizontal tests, according to 2018 data reports by IHS Markit. Q

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