Oklahoma STACK Play Ranks #1
According to Bank of America, the STACK ranked #1 in the Bank's August 29 research report on single well rates of returns (ROR). At $45/bbl the STACK's ROR is stated to be 70%. Full Article
We examined the top 50 wells in the STACK based on their first months oil production.
Newfield, Devon, and Oklahoma Energy Acquisitions had 72% of the wells in the Top 50. Newfield being the leader is not all that surprising since Newfield is credited with founding the STACK play in 2013.
In the graph below notice how close PayRock, Newfield, and Continental are when it comes to their average 1st month of oil production. Marathon purchased PayRock's assets in June 2016.
The STACK is a relatively newer play, so a lot of the production data is still unknown. The play is trending west into Western Blaine, Dewey, and Custer County where Continental has a strong acreage position.
Hope everyone has a safe, relaxing Thanksgiving Holiday with family and friends. If you find yourself sitting in the airport or needing to get away from that crazy relative, I recommend reading "STACKed in Oklahoma" by oil and gas investor magazine.