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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. 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 #29, JULY 18, 2019

IOGsi Week #29, July 18, 2019 Oil & Gas Highlights - There were 15 new Kansas drilling permits this past week. The year-to-date total stands at 518 permits, compared to 906 a year ago (- 43%).---------- Kansas crude prices dropped sharply by $3.75 / bbl from a week ago (- 7%). Kansas Common crude closed the week at $47.00 / bbl, Southcentral Kansas crude $48.75 / bbl, and Eastern Kansas crude $44.25 / bbl. ---------- The total number of active drilling rigs in Kansas (either moving to or on drill sites) was by 10% from a week ago. There are 33 rigs active this week compared to 30 a week ago. A month ago there were 23 active rigs (+ 43%). This same time a year ago 49 rotary rigs were active in the State (- 33%). ---------- Seventy-six (76) percent of the total drilling activity is taking place in the Western Ranges of the State. Of the 25 Western Range rigs, 18 are currently making hole on drill sites while another 7 are attempting to move to new drill sites.

In other news, the American Petroleum Institute (API), Washington, D.C., reports that U.S. crude oil production increased by nearly 167,000 b/d in May 2019. Production was 12.235 million b/d compared to 10.464 million b/d a year ago (+17%). Alaskan oil production accounted for about 4% of the total crude produced, or 473,000 b/d. Natural gas liquids (NLG) production in May was up by 432,000 b/d from May last year . A record 4.753 million b/d (+10%) was produced. Total U.S. supply of crude oil, natural gas, natural gas liquids and other liquids in was 18.181 million b/d compared to by 16.024 million b/d from a year ago (+13%). Total petroleum exports in May increased by 604,000 b/d from a year ago to nearly 8.121 million b/d (+ 8%). The U.S. petroleum trade balance fell by 636,000 b/d in May. Trade balance was 2.075 million b/d compared to 2.711 million b/d in May a year ago (- 23%).

 



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Kansas crude, Gas, Rigs 7/17/19


Kansas Crude Posting
Common: $47.00 bbl
So. Central: $48.75 bbl
Eastern:
$44.25 bbl

*Price based on CVR Refining Posting for Kansas Crude

Natural Gas Index

Panhandle Eastern Pipeline Co.
July: $1.45 MMbtu
June: $1.86 MMBtu
May: $1.79 MMBtu

Colo. Interstate Gas Co.
July: $1.61 MMbtu
June: $1.86 MMBtu
May: $1.75 MMBtu

Price History
Oil - Past 2 Years
Gas Price History

Kansas Rig Count
Current: 33
Week ago: 30 (+10%)
Month ago: 23 (+43%)
Year ago: 49 (-33%)


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