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Independent Oil & Gas Service, Inc.

Scouting Oilfield Activity in Kansas since 1946

The Independent Oil & Gas Service, Inc. (IOGsi) is a major, proven source of reliable information when it comes to reporting on the latest oil and gas news in Kansas. Your access to timely, reliable, concise information is a key component in your decision making process. 

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  IOGsi WEEKLY HIGHLIGHTS: June 5, 2024  

  • 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 292. This is 128 fewer drilling permits than were reported in the same period a year ago (-30.5%). A breakdown of all new locations this year shows that 150 permits have been issued for the Eastern Ranges (1E-25E, 51.4%) and 142 for the Western Ranges (1W-42W, 48.6%).

  • Only 337 wells have been drilled to total depth in Kansas this year (oil, gas, disposal, water supply, or injection), compared with 514 wells drilled during the same period last year, representing a 34.4% decrease. Wildcat exploratory wells account for 12.5% of the total wells that have been spudded. Forty-two (42) wildcats have been drilled this year compared to 44 a year ago (-4.5%). According to IOGsi's Red Top Weekly Drilling Report, 398 wells are currently being scouted. Overall, drilling activity in Kansas is down nearly 31% compared to last year.

  • For additional News, go to “WEEKLY NEWS” on home page for more highlights and other news and announcements. 

 



2024 Directory

Published yearly in June by
Independent Oil & Gas Service


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Table of Contents
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Industry Services X-Index
Key Personnel X-Index

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CRUDE OIL INDEX


KS Common (CVR): $53.00 bbl

OK Sweet (CVR): $59.25 bbl

WTI (NYMEX): $62.85 bbl 

Posted price as of 6/04/2025

NATURAL GAS INDEX

Panhandle Eastern Pipeline Co. (MMBtu)

MAY: $2.49 (-6.1%)          APR: $3.09 (-7.8%)          MAR: $3.35 (-6.2%)

Southern Star Central Gas Pipeline (MMBtu) 

MAY: $2.54 (-18.6%)        APR: $3.12 (-8.8%)          MAR: $3.42 (-11.9%)

PRICE HISTORY

Oil - Past 2 Years
Gas Price History

kANSAS RIG COUNT

Current: 13 
Week ago: 16 (-18.8%) 
Month ago: 20 (-35.0%)
Year ago: 32 (-59.4%)


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