Scoop-Stack Shale in the US, 2020 – Oil and Gas Shale Market Analysis and Outlook to 2024

In the US mid-continent region, Scoop-Stack shale is a prolific shale play located in the central and southern part of the state of Oklahoma. This shale broadly comprises South Central Oklahoma Oil Province (Scoop) and Sooner Trend, Anadarko, Canadian, and Kingfisher (Stack). These are two basins with different geologic formations and hydrocarbon deposition. Scoop-Stack is not a traditional shale play, rather it contains different layers of stacked pay with different rock types. Its complex formation has an impact on changing hydrocarbon mix across the play.

The Scoop and Stack play provide high-potential drilling targets to companies across about 15 counties in the state of Oklahoma. The thick pay section extends from shallower Mississippian Springer shale to deeper Woodford and Hunton formations. In October 2012, Continental Resources first discovered the Scoop play in southern Oklahoma. Grady, Caddo, Stephens, Carter, Love, and Garvin are some of the major counties for drilling activities in the Scoop play.

Scope

The report analyzes the crude oil and natural gas appraisal and production activities in the Scoop-Stack shale play in the US. The scope of the report includes:

Comprehensive analysis of crude oil and natural gas production across major counties in Oklahoma during 2014–2019, as well as production outlook from 2020–2024

In-depth information of well permits issued in the Scoop-Stack shale across Oklahoma, by county and by company from January 2018 to December 2019

Detailed understanding of IP rates and type well profiles in the Scoop-Stack shale

Exhaustive analysis of competitive landscape in the Scoop-Stack shale in terms of net acreage, gross production, cost trends and planned investments

In-depth analysis on various completion parameters

Comparison of type well economic metrics of major players were also analyzed

Up-to-date information on major mergers and acquisitions in the Scoop-Stack shale between 2014 and 2020

Overview of existing and active pipeline infrastructure in and around the Scoop-Stack shale, along with a review of the upcoming projects in the region

Reasons to buy

Develop business strategies with the help of specific insights into the Scoop-Stack shale

Plan your strategies based on expected developments of the Scoop-Stack shale

Understand the competitive landscape of the companies in the Scoop-Stack play

Keep yourself informed of the latest M&A activity in this prolific shale play

Identify opportunities and challenges in the Scoop-Stack shale in the US

Table of Contents

1. Table of Contents 1

1.1. List of Tables 3

1.2. List of Figures 4

2. Overview 5

2.1. Scoop-Stack, Recent Developments and Trends 5

3. Scoop-Stack Shale, Introduction 7

3.1. Scoop-Stack, Formation Overview 7

4. Scoop-Stack Shale, Production and Activity Overview 9

4.1. Scoop-Stack Shale, Production Analysis, 2014–2019 9

4.1.1. Scoop-Stack Shale, Crude Oil Production by County, 2014–2019 9

4.1.2. Scoop-Stack Shale, Natural Gas Production by County, 2014–2019 11

4.2. Scoop-Stack Shale, Production Outlook, 2020–2024 12

4.2.1. Scoop-Stack Shale, Crude Oil and Natural Gas Production Outlook, 2020–2024 12

4.3. Scoop-Stack Shale, Drilling Activity 14

4.3.1. Scoop-Stack Shale, Permits Issued and Completed 14

4.3.2. Scoop-Stack Shale, Well Permits by County 16

4.3.3. Scoop-Stack Shale, Well Permits by Company 18

5. Scoop-Stack Shale, Competitive Landscape 20

5.1. Scoop-Stack Shale, Major Companies by Acreage, 2019 20

5.2. Scoop-Stack Shale, Major Companies by Net Production, 2019 21

5.2.1. Scoop-Stack Shale, Initial Production Rates 23

5.2.2. Well Profile 24

5.3. Scoop-Stack Shale, Completion Parameters, 2019 25

5.3.1. Proppant Mass vs. Lateral Length 25

5.3.2. Peak Gas Production vs. Lateral Length 26

5.3.3. EUR Gas vs Lateral Length 27

5.3.4. Distribution of Lateral Length 28

5.4. Scoop-Stack Shale, Future Plans by Major Companies 29

5.4.1. Scoop-Stack Shale, Planned Investments, 2020 29

5.5. Scoop-Stack Shale, Cost Trends, 2019 30

5.5.1. Scoop-Stack Shale, Well Costs 30

6. Scoop-Stack Shale, Analysis of Top Companies 32

6.1. Scoop-Stack Shale, Economic Metrics of Major Players 32

6.2. Encana Corporation 33

6.2.1. Key Operational Parameters 33

6.3. Devon Energy 34

6.3.1. Key Operational Parameters 34

6.4. Continental Resources Inc. 36

6.4.1. Key Operational Parameters 36

6.5. Cimarex Energy 37

6.5.1. Key Operational Parameters 37

6.6. Gulfport Energy Corporation 39

6.6.1. Key Operational Parameters 39

6.7. Marathon Oil Corporation 40

6.7.1. Key Operational Parameters 40

7. Scoop-Stack Shale, Associated Infrastructure 42

7.1. Pipelines 42

8. Mergers and Acquisition Activity in the Scoop-Stack Shale, 2014–2020 44

8.1. Overview of M&A Activity 44

8.2. Major Acquisitions 44

8.2.1. Encana Corp completes US$7.7 billion acquisition of Newfield Exploration 44

8.2.2. Gulfport Energy acquires Vitruvian oil and gas assets in Oklahoma for US$1.85 billion 44

8.2.3. EnLink Midstream acquires Tall Oak Midstream for US$1.55 billion 45

8.2.4. Devon Energy completes acquisition in Anadarko basin for US$1.5 billion 45

8.2.5. Marathon Oil acquires PayRock Energy for US$904 million 45

9. Appendix 48

9.1. Abbreviations 48

9.2. Methodology 48

9.2.1. Coverage 48

9.2.2. Secondary Research 48

9.3. Contact Us 49

9.4. Disclaimer 49

List of Tables

Table 1: Scoop-Stack Shale, Crude Oil and Natural Gas Production, Oklahoma, 2014–2019 9

Table 2: Scoop-Stack Shale, Crude oil production by Key Counties, mbd, 2014–2019 10

Table 3: Scoop-Stack Shale, Natural Gas Production by Key Counties, mmcfd, 2014–2019 12

Table 4: Scoop-Stack Shale, Crude Oil and Natural Gas Production Outlook, Oklahoma, 2020–2024 13

Table 5: Scoop-Stack Shale, Number of Drilling Permits Issued and Completed, Jan 2018 to Dec 2019 15

Table 6: Scoop-Stack Shale, Number of Well Permits Issued by County, Jan 2018 to Dec 2019 17

Table 7: Scoop-Stack Shale, Number of Well Permits Issued by Operator, Jan 2018 to Dec 2019 19

Table 8: Scoop-Stack Shale, Net Acreage by Operator, 2019 21

Table 9: Scoop-Stack Shale, Net Production by Participants, 2019 (mboed) 22

Table 10: Scoop-Stack Shale, Major Companies by Initial Production Rates, 2019 23

Table 11: Scoop-Stack Shale, Planned Capital Expenditure by Major Companies, 2019–2020 (US$ mil) 29

Table 12: Scoop-Stack Shale, Major Companies by Well Costs, 2019 30

Table 13: Scoop-Stack Shale, Major Companies by Type Well Data, 2019 32

Table 14: Encana Corporation, Scoop-Stack Shale, Key Operational Parameters, 2019 33

Table 15: Encana Corporation, Scoop-Stack Shale, Key Economics, 2019 34

Table 16: Devon Energy, Scoop-Stack Shale, Key Operational Parameters, 2019 34

Table 17: Devon Energy, Scoop-Stack Shale, Key Economics, 2019 35

Table 18: Continental Resources, Scoop-Stack Shale, Key Operational Parameters, 2019 36

Table 19: Continental Resources, Scoop-Stack Shale, Key Economics, 2019 37

Table 20: Cimarex Energy, Scoop-Stack Shale, Key Operational Parameters, 2019 38

Table 21: Cimarex Energy, Scoop-Stack Shale, Key Economics, 2019 38

Table 22: Gulfport Energy, Scoop-Stack Shale, Key Operational Parameters, 2019 39

Table 23: Gulfport Energy, Scoop-Stack Shale, Key Economics, 2019 40

Table 24: Marathon Oil, Scoop-Stack Shale, Key Operational Parameters, 2019 41

Table 25: Marathon Oil, Scoop-Stack Shale, Key Economics, 2019 41

Table 26: Scoop-Stack Shale, Active, Planned and Announced Pipelines 42

Table 27: Scoop-Stack Shale, Major Deals by Oil and Gas Companies, 2014–2020 46

List of Figures

Figure 1: Historic Production, Rig Count, and DUC Count for Scoop-Stack Shale Play 5

Figure 2: Sedimentary Basins and Shale Formations in the State of Oklahoma 8

Figure 3: Scoop-Stack Shale, Crude Oil Production by Key Counties, mbd, 2014–2019 10

Figure 4: Scoop-Stack Shale, Natural Gas Production by Key Counties, mmcfd, 2014–2019 11

Figure 5: Scoop-Stack Shale, Crude Oil and Natural Gas Production Outlook, Oklahoma, 2020–2024 13

Figure 6: Scoop-Stack Shale, Permits Issued and Completed, Jan 2018 to Dec 2019 14

Figure 7: Scoop-Stack Shale, Number of Well Permits Issued by County, Jan 2018 to Dec 2019 16

Figure 8: Scoop-Stack Shale, Number of Well Permits Issued by Operator, Jan 2018 to Dec 2019 18

Figure 9: Scoop-Stack Shale, Major Companies by Net Acreage, 2019 20

Figure 10: Scoop-Stack Shale, Major Companies by Net Production, 2019 (mboed) 22

Figure 11: Scoop-Stack Shale, Well Profile 24

Figure 12: Scoop-Stack Shale, Proppant Mass vs Lateral Length, 2018–2019 25

Figure 13: Scoop-Stack Shale, Peak Gas Production vs Lateral Length, 2018–2019 26

Figure 14: Scoop-Stack Shale, EUR Gas vs Lateral Length, 2018–2019 27

Figure 15: Scoop-Stack Shale, Distribution of Lateral Length, 2018–2019 28

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