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IOGsi WEEKLY HIGHLIGHTS: April 24, 2024
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The KANSAS CORPORATION COMMISSION (KCC) issued nine new oil and/or gas drilling permits in Kansas this past week. This brings the total number of new well locations this year to 230. This is 53 fewer permits than were reported in the same period a year ago (-18.7%). A breakdown of all new locations shows 115 permits were issued for the Eastern Ranges 1E-25E of the State (50%) and 115 permits for the Western Ranges 1W-42W (50%).
Only 259 wells have been drilled to total depth in Kansas this year (oil, gas, disposal, water supply, or injection) compared with 384 wells drilled during the same period last year (-32.6%). Wildcat wells account for 10.4% of the total wells that have been spudded. There have been 27 wildcats drilled this year compared to 35 a year ago (-54.3%). IOGsi is currently scouting 415 active wells in its Red Top Weekly Drilling Report. Overall, activity in the Kansas oil patch is down nearly 33% compared to a year ago.
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