Woodford

The U.S. natural gas rig count remained unchanged at 97 during the week ended Friday (Aug. 27), while the oil patch kept its growth trend intact, according to the updated figures from Baker Hughes Co. (BKR). The overall U.S. count rose five units to 508 for the week, with oil rigs added on land accounting…

Driven partly by declines in Texas and in the Permian Basin, the U.S. rig count fell by one to 1,067 for the week ended Friday (Nov. 2), according to data from Baker Hughes, a GE Company (BHGE).

The U.S. natural gas rig count climbed three units to 189 for the week ended Friday (Sept. 28) as a decline in oil drilling kept the overall domestic count steady, according to data from Baker Hughes, a GE Company (BHGE).

Gulfport Energy Corp.’s latest test results from the South Central Oklahoma Oil Province (SCOOP) indicate the first Sycamore formation well achieved a 24-hour initial production (IP) rate of 15.7 MMcfe/d.

EOG Resources Inc. added two new “premium” oil plays and 800 potential well locations to its stable during 3Q2017, with a combined estimated net resource potential of 750 million boe, as it looks to complete an additional 25 wells before the end of the year.

Gulfport Energy Corp. said its latest well in the South Central Oklahoma Oil Province (SCOOP) came online at an initial production rate of 19.7 MMcfe/d. The EJ Craddock 8-28X21H Woodford Shale well is in the wet gas window of Grady County. Initial production included 55% natural gas, 26% oil and 19% natural gas liquids. The EJ Craddock is the fourth set of operated results the company has released since it entered the SCOOP earlier this year after acquiring Vitruvian II Woodford LLC. The company has also drilled Springer Shale and Sycamore formation wells. It has other Woodford wells in various stages of development.

Gulfport Energy Corp. has turned its third operated well to sales in the South Central Oklahoma Oil Province (SCOOP), reporting an initial production (IP) rate of 18.4 MMcfe/d.

News from the Permian Basin continues to improve for explorers, with Apache Corp. on Wednesday announcing it has unearthed a huge play in a less traveled area of West Texas that may hold 8.1 billion boe of resources, with at least 75 Tcf of rich natural gas and 3 billion bbl of oil in the Barnett and Woodford formations alone.

Florida’s highest court has overturned a decision by state regulators to allow Florida Power & Light Co. (FPL) to charge ratepayers for costs related to its investment in upstream development in Oklahoma’s Woodford Shale.