Scoop Stack Shale in the United States of America (USA) – Oil and Gas Shale Market Analysis and Outlook to 2025

The Scoop Stack, located in Oklahoma, accounts for 4.5% of oil and 7.2% of natural gas production in the United States Lower 48. This play recorded its highest month of production in September 2019, with 604 thousand barrels of oil per day (mbd) and 7.9 billion cubic feet per day (bcfd). After September 2019, the Scoop Stack has experienced a slow decline that was exacerbated by the effects of the COVID-19 pandemic, says GlobalData, a leading data and analytics company.

GlobalData’s latest report, Scoop Stack Shale in the US, 2021, forecasts that in February 2021, production will be 342 mbd and 5.8 bcfd, which is a 43% decline in oil and 27% for natural gas from its peak in September 2019. This sharp decrease in production is linked to the drastic drop and rig count with companies reducing capital expenditure (capex), as well as focusing capex in other plays.

Andrew Folse, Oil & Gas Analyst at GlobalData, comments:

“The Scoop Stack averaged 84 drilling rigs in 2019 and decreased to an average of 20 drilling rigs in 2020 – which is a 75% drop. Since commodity prices have stabilized from the COVID-19 pandemic rig count has increased a small amount in the Scoop Stack. With West Texas Intermediate (WTI), future prices are averaging US$51.37 per bbl for the remainder of 2021. GlobalData expects an uptick in the rig count, but not to the level that was present in 2019.”

PR12104-01.png

Scope

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

Comprehensive analysis of natural gas and crude oil historical production and short term outlook of Scoop Stack shale play during 2021–2025

Detailed information of impact on well development, permits and deals due to COVID–19 pandemic

In-depth information on net acreage, operational performance and financial standings of major operators in Scoop Stack shale play

Analysis of future plans and cost trends of top companies

Up-to-date information on associated infrastructure and major mergers and acquisitions in Scoop Stack shale play between 2018 and 2020

Reasons to buy

Develop business strategies with the help of specific insights into Scoop Stack shale play in the US

Plan your strategies based on economic viability and expected developments in Scoop Stack shale play

Keep yourself informed with the latest M&A activity in the shale play

Identify opportunities and challenges in Scoop Stack shale play

Table of Contents

1. Overview 6

1.1 Scoop Stack Shale, Recent Developments and Trends 6

2. Scoop Stack Shale, Introduction 9

2.1 Scoop Stack Shale, Formation Overview 9

3. Scoop Stack Shale, Production and Activity Overview 10

3.1 Scoop Stack Shale, Production Analysis, 2017–2019 10

3.2 Scoop Stack Shale, COVID-19 Impact on Production 13

3.3 Scoop Stack Shale, Production Outlook, 2021–2025 14

3.4 Scoop Stack Shale, Drilling Activity 15

3.5 Well profile 18

4. Scoop Stack Shale, Competitive Benchmarking 21

4.1 Scoop Stack Shale, Major Companies with Prominent Presence, 2020 21

4.2 Scoop Stack Shale, Completion Parameters, 2020 25

4.3 Scoop Stack Shale, Future Plans of Major Companies 29

4.4 Scoop Stack Shale, Cost Trends, 2020 30

5. Scoop Stack Shale, Analysis of Bankrupt Companies 31

5.1 Gulfport Energy Corp 31

5.2 Chaparral Energy Inc 34

6. Scoop Stack Shale, Associated Infrastructure 36

6.1 Pipelines 36

7. Mergers and Acquisition Activity in the Scoop Stack Shale, 2018–2020 39

7.1 Overview of M&A Activity 39

7.2 Major Acquisitions 39

8. Scoop Stack Shale, Analysis of Major Companies 42

8.1 Cimarex Energy Company 42

8.2 Chesapeake Energy 42

8.3 ExxonMobil Corporation 42

8.4 Marathon Oil Corporation 43

8.5 BP plc 43

8.6 Continental Resources, Inc. 43

8.7 Alta Mesa Holdings, LP 44

8.8 Unit Corporation 44

8.9 Gulfport Energy Corporation 44

8.10 Sandridge Energy Inc 45

8.11 Linn Energy Inc 45

8.12 EOG Resources, Inc. 45

8.13 Chaparral Energy 45

8.14 Jones Energy, Inc. 46

8.15 Sundance Energy 46

8.16 Ovintiv Inc 46

9. Appendix 48

9.1 Abbreviations 48

9.2 Methodology 48

| Contact Us 49

List of Tables

Table 1: Scoop Stack, Crude oil and natural gas production, 2017–2019 10

Table 2: Scoop Stack Shale Play, Net Acreage by Company, 2020 21

Table 3: Scoop Stack Shale, Reserves and Production of Major Companies, December 2020 22

Table 4: Scoop Stack Shale, Financial Standings of Major Companies, Q3 2020 23

Table 5: Scoop Stack Shale, Operational Performance of Major Companies, 2020 24

Table 6: Scoop Stack Shale, Planned Capital Expenditure OF Major Companies, 2020 (US$ million) 29

Table 7: Gulfport Energy, Scoop Stack Play, Key Financial Parameters, 2020 31

Table 8: Gulfport Energy, Scoop Stack Shale Play, Key Operational Parameters, 2020 32

Table 9: Gulfport Energy, Scoop Stack Shale Play, Key Economics, 2020 33

Table 10: Chaparral Energy, Scoop Stack Shale Play, Key Operational Parameters, 2020 34

Table 11: Chaparral Energy, Scoop Stack Shale Play, Key Economics, 2020 35

Table 12: Scoop Stack Shale, Major Active, Planned and Announced Pipelines, 2020 37

Table 13: Scoop Stack Shale, Major Deals by Oil and Gas Companies, 2018–2020 40

List of Figures

Figure 1: Total Production in Scoop Stack Shale Play, 2018–2021 6

Figure 2: Rig count in Scoop Stack Shale Play, and West Texas Intermediate (WTI) future prices, 2018–2020 7

Figure 3: Production Outlook in Scoop Stack Shale Play, 2021–2025 8

Figure 4: Scoop Stack Shale, Crude Oil and Condensate Production by County (mbd), 2017–2019 11

Figure 5: Scoop Stack Shale, Natural Gas Production by County, mmcfd, 2017–2019 12

Figure 6: Scoop Stack Shale, COVID-19 Impact on Production, 2020 13

Figure 7: Scoop Stack Shale, Production Outlook, 2021–2025 14

Figure 8: Scoop Stack Shale, Number of Well Permits by County, January 2019 to December 2020 16

Figure 9: Scoop Stack Shale, Number of Well Permits by Key Operators, January 2019 to December 2020 17

Figure 10: Scoop Stack Shale, Well Profile for Crude Oil Production 18

Figure 11: Scoop Stack Shale, Well Profile for Natural Gas Production 19

Figure 12: Scoop Stack Shale, Quartile Distribution of EUR (mmboe) 20

Figure 13: Scoop Stack Shale, Proppant Mass (million lbs) vs Lateral Length (ft) 25

Figure 14: Scoop Stack Shale, Average Peak Crude Oil Production vs Lateral Length (ft) Quartile 26

Figure 15: Scoop Stack Shale, Peak Crude Oil Production vs Lateral Length, 2020 27

Figure 16: Scoop Stack Shale, Crude Oil EUR vs Lateral Length, 2020 28

Figure 17: Scoop Stack Shale, Major Companies by Well Costs (US$ mil), 2020 30

Figure 18: Scoop Stack Shale, Major Active Crude Oil and Natural Gas Pipelines by Capacity, 2020 36

    Pricing

Discounts available for multiple purchases.

reportstore@globaldata.com
+44 20 7947 2745

Join our mailing list

Saved reports