Playbooks Supplements

Scoop-Stack Playbook 2017

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SCOOP/STACK: PRODUCTION FORECAST 36 | September 2017 | hartenergy.com T he Scoop and Stack plays are among the most highly sought-after shale assets in North America. Along with the Permian Basin to the southwest, this newly developed liquids-rich re- gion seems to provide some of the best economics of the North American oil plays. Together, these plays are leading a resurgence in Oklahoma oil and gas drilling. The play and the players Newfield Exploration, an early entrant into the region—and the company responsible for naming the Stack—assembled a play in the updip portion of the Cana Woodford in 2011. Over the last few years, the company has streamlined its portfolio, selling nonstrategic assets and investing heavily in its premier Scoop and Stack plays. Newfield increased its 2017 capital budget to about $1.1 billion (up from $1 billion), primar- ily to build on recent successes through drilling and enhanced completions, which the company reported in its first-quarter results were "yielding superlative well results." Representative of its success are recent results from the Stack acreage, where 15 wells had been completed by first-quarter 2017. Using early data As operators carry out drilling with more wells and tighter spacing, this complex play continues to deliver on its promise of profitability despite low oil prices. Scoop and Stack Show Continuing Return on Investment By Judy Murray Contributing Editor Operators in the Scoop and Stack have made public statements that these areas are more economical with lower oil prices than nearly anywhere else in the US. (Data courtesy of Freedonia Group Inc.) 0 20 40 60 80 Continental Resources Kodiak Oil & Gas Newfield Exploration Citizen Energy Wells Drilled Scoop 0 20 40 6 0 8 0 Marathon Oil Continental Resources Oklahoma Energy Newfield Exploration Wells Drilled Stack Wells Drilled by Leading Operators in Scoop and Stack in 2016

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