We talked plenty about the development in the Arkoma this year, and we heard even more about it at DUG Mid-Con last week.
Nathaniel Harding, the co-founder and president of Antioch Energy dubbed it the “Arkoma STACK” and discussed the 23,000 acres contiguous position they have put together. Luke Essman, the CEO of Canyon Creek sat on a panel and discussed some of the economics of the play. Canyon Creek holds north of 30,000 acres.
Who are the other players?
Corterra Energy – led by CEO Valerie Mitchell and backed by White Deer. Corterra currently holds somewhere around 40,000 acres;
Silver Creek – privately held company with 62,000 acres in the play; Trinity Operating – operating company of Nextera Energy Resources;
Calyx Energy III – one of the early horizontal Woodford operators, now in their 3rd go round in the approximate area;
Bravo Arkoma – Bought these assets from SM Energy in January 2015;
BP – holds a strong legacy position in the play;
Council Oak – EnCap backed, has been leasing heavily in the play for the last 9 months;
Oil or Gas?
The Arkoma is historically a gas play, but these operators are chasing a liquids rich window in the Woodford, Mayes, and Caney formations.
Want to learn more?
Here is a video showing ALL leasing activity over the last 2 YEARS and then a look at each of the companies listed above and their lease position.
Want to dig into this data more or see exactly what is going on here? Get daily alerts for pluggings and all of the data Oseberg provides with Sol.
Continental & the Arkoma In related news:
Continental Resources announced the sale of 32,500 Arkoma acres in August. Who was the buyer? Was it one of these companies? Check next week’s blog post to find out!