Oklahoma Weekly Permits to Drill: 09/25 thru 09/29
The number of permits approved, dropped to 26 for the week of 09/25 thru 09/29. The average, for the first 3 quarters of 2017, was around 38 permits approved per week.
Chaparral Energy, who last week announced a JV with Bayou City Energy, had 3 permits approved followed by Chesapeake, Continental, Lime Rock Resources, Oklahoma Energy Acquisitions, and Trinity Operating.
The STACK, SCOOP, and MERGE regions continue to see the most activity, as operators see these regions as the most economical with current prices.
Convey Energy Consultants