OCC Filings

Who Will Win the Race Between CLR & NFX?

occ

Regulatory filings made with the Oklahoma Corporation Commission (OCC) are a good way to measure the pace of drilling and development in Oklahoma. Spacing and pooling applications along with permits and completions point the way to the most active operators and where they are conducting operations. We reviewed all of these from both an operator and county perspective. It is apparent that the majority of the activity is being conducted by the major players in the counties located in the STACK and SCOOP. The Arkoma Basin remains active as well, with Coal and Hughes Counties showing quite a bit of regulatory filings for the year.

With only 39 days remaining until the end of 2016, we are taking a look at these metrics for the year so far. We did combine the numbers from Felix Energy into Devon Energy and Payrock Energy into Marathon Oil.

SPACINGS – Winners – CLR and Kingfisher County

occ1

We reviewed this group first and are showing you all of the operators with ten or more Final Spacing Orders for the year. This category comes in the closest with CLR holding a slim lead over NFX. Marathon Oil, Oklahoma Energy Acquisitions and Bravo round out the top five.

occ2

We surveyed this category by counties and are showing the top counties with 20 or more Final Spacing Orders. Kingfisher has a solid first place lead with Blaine, Grady, Canadian and McClain Counties completing the top five.

POOLINGS – Winners – NFX and Kingfisher County

occ3

In looking at Final Forced Pooling Orders, Newfield Exploration (NFX) has a pretty commanding lead over Continental Resources (CLR). Rounding out the top five are Oklahoma Energy Acquisitions, Citizen Energy, and Marathon Oil.

occ4

From a county perspective, the counties located in the STACKand SCOOP plays are contributing the highest counts of Final Pooling Orders. Kingfisher leads the top five counties with an insurmountable lead, followed by Blaine, Grady, Canadian, and McClain Counties.

TOP BONUS AMOUNTS BY COUNTY

occ5

We reviewed pooling terms for these top five counties to bring you the highest bonus prices represented in each county. Kingfisher was the clear leader in this category as well.

PERMITS – Winners – CLR and Kingfisher County

CLR leads NFX by 30 permits here and probably will remain ahead. Oklahoma Energy Acquisitions, Marathon Oil, and Devon Energy finish the top five out. The top counties are similar to the other categories with Kingfisher on top followed by Blaine, Grady, and Canadian. However, Hughes Countyrounds out the top five, with a solid fifth place showing.

occ6

occ7

COMPLETIONS – Winners – CLR and Kingfisher County

A super tight category here with some different players showing up in the top five. CLR is beating NFX by a nose, 69-68. Chesapeake Energy, Petroquest Energy, and MidStates Petroleum round out the top five.

Again, a shakeup in the county view with Kingfisher, Grady, and Blaine coming in 1-2-3, but Woods and Hughes Counties round out the top five.

occ8

occ9

The Winner Is…..

A very tight race for sure, but Continental Resources and Kingfisher County are leading headed into the end of the year and will most likely cross the finish line as the winners.

 

CLICK HERE TO SUBSCRIBE TO OUR WEEKLY OIL AND GAS INDUSTRY NEWSLETTER DELIVERED DIRECTLY TO YOUR INBOX FROM OKLAHOMAMINERALS.COM
Comments

The crossroads of energy information for minerals owners in Oklahoma. Where you can: See recent prices of mineral and lease transactions. Receive an offer to lease or buy your minerals.

Find relevant news stories on the most active areas, including the Scoop and Stack Plays.

Data Powered by Oseberg

Today’s E&P world is rapidly shifting towards data-driven decision making, but those decisions are only as good as the data behind them. Access Oseberg's deep, accurate, and detailed pool of insight-rich industry data with our powerful analytical and search tools and get the clearest picture of what's happening as soon as it happens.

Disclaimer

This web site is maintained solely for the personal use of our visitors. Although we at Oklahoma Minerals have made all reasonable efforts to provide accurate information, we cannot guarantee the completeness, timeliness or accuracy of the information contained herein. Nothing in this web site contains investment advice. Any decisions based upon the information contained in this web site are the sole responsibility of the user.

Copyright © 2016 OklahomaMinerals.com

To Top
Show Buttons
Hide Buttons