Playbooks Supplements

Scoop-Stack Playbook 2017

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SCOOP/STACK: KEY PLAYERS 16 | September 2017 | During the first quarter Cimarex completed and brought on production 45 gross (10 net) wells in the Midcontinent. At the end of the quarter, 68 gross (15 net) wells were waiting on completion, according to the report. The company operates six rigs in the region. Citizen Energy II LLC Citizen Energy has a strong focus in the Midcon- tinent region, developing horizontal plays and actively pursuing new play concepts. The company has more than 100,000 net acres, more than 300 operated sections and more than 2,000 gross oper- ated locations in the Scoop/Stack. The company's highest internal rate of return well drilled in the Stack area to date is the Governor JBE #1H-32 in the Meramec Formation. Citizen reported 1,898 boe/d and $4.6 million, according to a May company presentation. In March Citizen was the high bidder for two 160-acre leases encompassing the south half of the western Stack play. The operator paid $480,000 each ($3,000 per acre) for Tracts #21 and #22, according to an IHS Energy report. In February Citizen completed three exploratory wells on a common pad that's about 3 miles north- west of Union City, Okla., according to another IHS Energy report. The 1H-17-20 Oppel in southern Canadian County flowed 712 bbl of 49-degree oil, 2.01 MMcf of gas and 855 bbl/d of water during initial tests of an acidized and fractured Mississippi interval at 11,367 ft to 19,117 ft. The company expects its four-rig program to produce more than 25 Mboe/d by year- end 2017, according to the May presentation. Citizen also expects production to ramp up to more than 34 Mboe/d by year-end 2018. The pro- gram has 41 operated producing laterals and 12 operated laterals, and production is more than 90% operated. In addition, LINN Energy signed an agreement with Citizen Energy II LLC in which both compa- nies will contribute certain upstream assets in Oklahoma to a newly formed company, Roan Resources LLC, focused on the accelerated development of the Merge/Scoop/ Stack play in the Anadarko Basin, a June press release stated. Roan will have about 140,000 total net acres forming a core, largely contiguous position with LINN and Citizen each contributing about 70,000 net acres. Continental Resources Inc. Continental Resources has signifi- cant positions in Oklahoma, includ- ing its Scoop Woodford, Scoop Springer, Scoop Sycamore discover- ies and the Stack play. According to Continental's first-quarter 2017 report, the com- pany produced 29,216 boe/d in the Stack play, a 20% increase compared to fourth-quarter 2016. The company has 11 operated rigs in the play, with six rigs targeting the Meramec For- mation in the overpressured oil and The company's 2017 Scoop plans include increasing activity in the Springer area and completing up to 10 Springer wells. (Photo courtesy of Continental Resources)

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