Oklahoma’s entries in the national shale playbook sound like an encrypted play call in an American football game: SCOOP, STACK, Merge, SCORE.
Unveiled by respective first-movers Continental Resources Inc. and Newfield Exploration Co., the tightly concentrated South Central Oklahoma Oil Province (SCOOP), the Sooner Trend Anadarko Basin Canadian and Kingfisher Counties (STACK), and their offshoots are among the nation’s fastest-growing unconventional oil and gas plays. “Generally, we think the economics are pretty good and are on par with anything in the Permian and the best unconventional plays in the United States,” Imre Kugler, associate director of energy research at IHS Markit, told the The Oklahoman on Aug. 18, 2017, as the benchmark West Texas Intermediate oil price hovered around $48/bbl.
A concurring Rystad Energy NASWellCube analysis shows SCOOP wells completed in the first three months of 2018 averaging wellhead break-even prices of $34.60/bbl, compared to $42.74/bbl for geologically complex STACK wells. (by Jim Redden, Contributing Editor, World Oil)