Insight
STACKing rigs in Oklahoma: five key questions
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Rigs in the NE STACK are dropping by the day. Between November 2018 and February 2019, the SCOOP/STACK rig count fell by over 25% (129 to 93) and the downward trend continues. While some rigs dropped in the core areas, nowhere was the fall more prominent than the NE STACK. So whats behind the fall in the SCOOP/STACK rig count? In this piece we look at which areas are most affected and address five key questions behind the decline in activity.
Table of contents
- What is causing the STACK rig count to crash?
- How is the geology different in the NE STACK?
- Is this surprising, did anyone see this coming?
- What are the implications for operators?
- Can this be overcome with better engineering?
Tables and charts
This report includes the following images and tables:
- Map of STACK Osage formation depth (subsea)
- North-South cross-section showing reservoir variation across STACK trend
- STACK declines by annual vintage
What's included
This report contains:
