UPDATED 6.5.18 – new regulatory filings just to the northwest of these minerals, with spacing and poolings filed by Calyx Energy in townships 10N-9E and 10N-10E (Okfuskee County). See the updated video below.
The Arkoma Basin has been a proven producer since the mid-1950s, with a large amount of currently producing wells drilled prior to the early 1980s. The most prolific producing formation in Hughes County prior to horizontal drilling was the Hartshorne Sandstone, which is Pennsylvanian in age. Since the advent of horizontal drilling around 2005, the dominant producing formation has been the Woodford Shale.
According to IHS production records, there are currently 615 active producing horizontal wells in Hughes County, and 551 of these include the reservoir designation of Woodford. Like most of the production in Hughes County, these wells are primarily gas with associated liquids, which is why a significant number of wells drilled in the early 1980s are still currently producing.
Hughes County, Okla., acreage is“shallow, low decline, liquids-rich with several targets” and requires less CapEx to exploit than the sprawling Stack in northwestern Oklahoma’s Anadarko Basin, says Nathaniel Harding, founder and president of Antioch Energy LLC.
“The Arkoma Basin has been a prolific producer of oil and gas in the past 100 years, with about a billion barrels of oil equivalent produced out of it during that time,” Harding said.
Lately, producers working in that part of Oklahoma have targeted shale in the area, and Harding said that certainly is the case for Antioch, which has concentrated its efforts to acquire leases there.
Antioch has 23,000 net acres in the play, particularly in Hughes County, with an opportunity to drill as many as 500 wells, he said.
He referred to the“ArkomaStack” in his DUG presentation late last year to emphasize the similarities between the two regions. Both offer multiplay/multipay opportunities, he said.
The Arkoma Stack has up to five unique, high-quality reservoirs, including two Woodford and one Caney benches that are proved economic, with the Mayes in the early economic appraisal.
All Hughes Co. Activity since April 1, 2018:
Permits to Drill: 20
Increased Density Applications: 49
Hughes Co. Township 9N Activity since April 1, 2018:
Calyx Energy III, LLC – 1 Completion – 23 Sections Spaced – 24 Sections Pooled
Antioch Operating, LLC – 0 Completions – 12 Sections Spaced – 4 Sections Pooled
60.00 net acres – Open below the base of the Springer – Section 2-9N-10E
NOW ACCEPTING BIDS.
For more information contact:
Zac Frazier, RPL
VP of Land