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Independent Oil & Gas Service, Inc.

Scouting Oil Field 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. Our commitment is to provide you with the most up-to-date industry reports, news and statistics at a reasonable price. Improve your odds of success with “data you can trust”. Register today as a “New User” to start a no obligation 30-day trial.

IOGsi RED TOP NEWS: WEEK #12, MARCH 21, 2019

IOGsi Weekly Oil & Gas Highlights - There were 13 new Kansas drilling permits this past week. The year-to-date total is 171 permits, compared to 376 a year ago (-55%).---------- Kansas Common crude price increased by $1.50 / bbl from a week ago to close at $50.00 / bbl, Southcentral Kansas crude $51.75 / bbl and Eastern Kansas crude $47.25 / bbl. ---------- The number of active drilling rigs in Kansas was up by 6 rigs from a week ago to 30 (+25%). A month ago there were 33 rigs active in Kansas (-9%) and 41 rigs a year ago (-27%).

In other news, the Kansas Geological Survey (KGS), Lawrence, KS. reports that oil and gas production in Kansas compiled through November 2018 is down compared to the same period in 2017. There was 2,768,813 bbls of oil produced in the first 11-months period in 2018, compared to 2,984,312 bbls oil in 2017 (-7.2%). Natural gas Production in the State totaled 14.164 bcf in 2018, compared to 17.742 bcf in 2017 (-20%).

 

 



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Kansas crude, Gas, Rigs 3/21/19


Kansas Crude Posting
Common: $50.25 bbl
So. Central: $52.00 bbl
Eastern:
$47.50 bbl

*Price based on CVR Refining Posting for Kansas Crude

Natural Gas Index

Panhandle Eastern Pipeline Co.
Mar: $2.45 MMBtu
Feb: $2.67 MMBtu
Jan: $3.16 MMBtu

Colo. Interstate Gas Co.
Mar: $2.45 MMBtu
Feb: $2.85 MMBtu
Jan: $3.54 MMBtu

NGPL
Mar: $2.46 MMBtu
Feb: $2.47 MMBtu
Jan: $2.93 MMBtu

Price History
Oil - Past 2 Years
Gas Price History

Kansas Rig Count
Current: 30
Week ago: 24 (+25%)
Month ago: 33 (-9%)
Year ago: 41(-26.8%)

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