It was at the end of 2012, the United States was finally within reach of Saudi Arabian crude oil production. Saudi’s daily oil production had reached 11.84 million barrels per day while US crude was just shy at 11.12 million barrel per day. By the end of 2013, the United States crude oil surpassed Saudi Arabia and has continued to increase. Currently, the United States is also the largest producer of natural gas. Our gas production in 2011 passed Russian gas production by a relatively small margin, 694 billion cubic feet per day. That is compared to Iran, third in gas production, making 17,541 fewer billions of cubic feet per day of gas.

By 2018, the United States had not seen a decrease in oil and natural gas production in over a decade. The shear volume of all the additional resources discovered has cause issues upstream. Transporting, disposing, and processing at this magnitude has become a cause for concern, particularly for those active in the Permian Basin in West Texas and New Mexico. However, there is no need for alarm yet… a resolve will come shortly.​

​Over the last two years, the big bottleneck talk related to the Permian has centered on the need for a major expansion of pipeline takeaway capacity to move oil, natural gas and natural gas liquids (NGLs) out of the basin to major market and refining centers along the Texas and Louisiana Gulf Coast. But that particular bottleneck is about to start resolving itself during course of this year. Midstream projects will add up to 6 million barrels of oil equivalent of new takeaway capacity out of the Permian by the end of 2021, and that just from the projects currently Underway.

 

– (Source): Forbes Article David Blackmon

The SCOOP on Oklahoma’s O&G Production

Oklahoma STACKS up fairly well when compared to the entire United States. Nestled right in the middle of oil & gas country there are not any shortages of fossil fuel production in Oklahoma. Starting from the first well completed in the late 1800s up until today oil & gas has been an integral part of the state. Most of Oklahoma production today comes from 3 major regions: Anadarko Basin, Nemaha Uplift, Arkoma Basin. Within the 3 major geological marks we have a number of large resource plays like the Granite Wash to the west, Cana-Woodford, Missippian Lime, STACK (Sooner Trend, Anadarko Basin, Cannadian , & Kingfisher counties), SCOOP (Central Oklahoma), and Arkoma-Woodford to the east.

Over the last decade Oklahoma has tripled their crude oil production and nearly doubled natural gas volumes, as of March 2019, crude oil was at 590,000 BOPD and 8,534,000 mcf. This increased production mirrors the overall trend of United States production, implying the Oklahoma E&P industry is healthy. Texas sweeps the board for both oil and natural gas production. Oklahoma currently stands at 4th place for crude oil and 3rd for natural gas when compared to other states (eia.gov).

United States Tight Oil, Shale Gas, & Sedimentary Basins

Source: ​eia.gov

Top 10 Oklahoma Oil & Gas Operators

As our investigation continued we drilled deeper and looked at the top oil and gas producers in Oklahoma. Newfield, Devon, & Continental currently produce the greatest amount of oil and natural gas, however when we look at production by property a slightly different picture is painted. In some cases we see smaller operators producing fewer properties yet at a higher average rate per property.

View specific rates & maps below…

  • Oil Rates
  • Gas Rates
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Total Barrels of Oil Per Day
# Operator BOPD Lease Count Avg BOPD per Lease
1 NEWFIELD EXPLORATION MID-CONTINENT INC 79,384 828 96
2 DEVON ENERGY PRODUCTION CO LP 51,623 777 66
3 CONTINENTAL RESOURCES INC 38,648 706 55
4 MARATHON OIL COMPANY 27,147 340 80
5 OKLAHOMA ENERGY ACQUISITIONS LP 25,694 388 66
6 EOG RESOURCES INC 16,089 138 117
7 CHESAPEAKE OPERATING INC 14,681 1923 8
8 CHAPARRAL ENERGY LLC 13,725 422 33
9 CITATION OIL & GAS CORPORATION 12,371 324 38
10 ROAN RESOURCES LLC 12,326 441 28
Average Barrels of Oil Per Day Per Lease
# Operator BOPD Lease Count Avg BOPD per Lease
1 REVOLUTION RESOURCES LLC 3,988 26 153
2 PALOMA OPERATING CO INC 4,037 28 144
3 EOG RESOURCES INC 16,089 138 117
4 TRAVIS PEAK RESOURCES LLC 3,047 27 113
5 NEWFIELD EXPLORATION MID-CONTINENT INC 79,384 828 96
6 TRIUMPH ENERGY PARTNERS LLC 5,162 58 89
7 MARATHON OIL COMPANY 27,147 340 80
8 DEVON ENERGY PRODUCTION CO LP 51,623 777 66
9 OKLAHOMA ENERGY ACQUISITIONS LP 25,694 388 66
10 CHISHOLM OIL & GAS OPERATING LLC 5,169 87 59
*Operators with greater than 20 active oil leases
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SIMBA Horizontal Woodford Wells

(Composite Gas production plot)

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