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This docFinder Alert highlights select plays on our radar screens.
As PLS reported in this Market Alert back in April, a time in which much of the larger leasing game was over, an interview with Tug Hill's CEO Michael Radler suggested the south Kansas extension area of the Mississippian Lime play was potentially in many ways equal to or better than the core established in northern Oklahoma. Kansas drlling results are now streaming in with SandRidge Energy reporting 46 Kansas wells with 30 day production rates averaging 317 boepd and projected EURS of 300-500 Mboe. This is on par with the initial core of the play. SandRidge's best Kansas well to date has a 24-hour rate of 599 boepd (98% oil) and has established commercial production 160 miles northwest of Grant County, Oklahoma. As the slide above shows, in Kansas, SandRidge has 8 rigs running, followed by Shell (3), Encana (2), Tug Hill (1), Apache (1) and Others (8). Slide above also shows the acreage positions of these players.
In the Eagle Ford, operators are actively exploiting much more than just the Eagle Ford shale. Slide above is from Matador Resources and shows a multi-pay fairway with additional pays targeting the Austin Chalk, the Buda and the Pearsall shale. This strat column shows the legacy vertical conventional plus the new unconventional zones - including the newly named "Chalkleford" - Eagle Ford and Austin Chalk transition zone. Geologically, the area shows a petroleum charge focus towards Glasscock Ranch and this map identifies multiple petroleum systems in the area. As another example that the Eagle Ford is more than just a great shale source rock, this Crimson Exploration map shows multiple horizontal pays including the Buda, Georgetown, Woodbine.
More HOT slides and data below.
PLS highlights more resource plays below which are also hitting radars. Cabot Oil and Gas is zeroing in on the Marmaton Lime in the north Texas and Oklahoma panhandle region with two rigs running. One well paid out in less than 3 months. Apache is in full development mode drilling vertically in Glasscock County, west Texas and has grown production to 21,000 boepd in just 21 months. Breitburn Energy Partners and others are hunting the Utica Collingwood and A1 Carbonate play in Michigan. Bill Barrett Corp. and others are in the early stages of evaluating the Gallup sand for oil in the San Juan basin.
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