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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 #37, SEPTEMBER 12, 2019

IOGsi Week #37, September 12, 2019 Highlights - There were 27 new Kansas drilling permits this past week. The year-to-date total stands at 691 new locations compared to 1,270 a year ago (- 46%).---------- Kansas crude prices dropped slightly by 50¢ b/b from a week ago. Kansas Common crude closed the week at $46.00 / bbl, Southcentral Kansas crude $47.75 / bbl, and Eastern Kansas crude $43.25/ bbl. ---------- The total number of active drilling rigs in Kansas (either moving to or on drill sites) had a significant gain of 6 rigs to 35 from a week ago (+ 21%). A month ago there were 31 active rigs (+ 13%). This same time a year ago 44 rotary rigs were active in the State (- 20%). ---------- The Western Ranges of the State account for 77% of all drilling activity. A slight pickup in drilling activity in the Eastern Ranges of the State was noted.

In other news, a new well service company is now operating in a 12-county area surrounding Coffey County in southeastern Kansas. ProPlug Well Service, LLC provides complete well service, including well plugging, workovers and well completions. Stephen C. Jones is Operations Manager. Company is located at 604 Highway 58 SW in Gridley, Kansas 66852. Contact Stephen at ProPlug LLC, 620-364-6793, or e,mail: ks@proPlug.net. ---------- Mull Drilling Company, Inc., Wichita, KS, is producing an unknown amount of oil from the Lansing - Kansas City (LKC) formation at their #1-12 Cooper, NW SW NE SE in section 26- T3s- R19W, in Rawlins County. The new pool discovery found oil deposits almost three miles southeast of recognized LKC and Marmaton oil production in the Simon Says oil field. Mull drilled their discovery well to a total depth of 4550 ft at site located about one mile north and two miles east of Chardon, Kansas. The new field has not been named.. ---------- TDI, Inc., Hays (KS), is currently testing newly discovered oil deposits in the Lansing – Kansas City (LKC)formation at the #1 Matlock, spotted in approximately NW SW NE SE in section 26- T13s- R19W in Ellis County. The wildcat well found the oil new reserves nearly one mile southwest of LKC oil production in the Sack oil field (1983). TDI’s Matlock well was drilled to a total depth of around 3,800 ft. No completions details have been released. Field area lies three miles west of Hays, Kansas.

 



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Kansas crude, Gas, Rigs 9/17/19


Kansas Crude Posting
Common: $49.50 bbl
So. Central: $51.25 bbl
Eastern:
$46.75 bbl

*Price based on CVR Refining Posting for Kansas Crude

Natural Gas Index

Panhandle Eastern Pipeline Co.
Sept: $1.53 MMBtu
Aug: $1.46 MMBtu
July: $1.45 MMbtu

Colo. Interstate Gas Co.
Sept: $1.65 MMBut
Aug: $1.76 MMBtu
July: $1.61 MMbtu

Price History
Oil - Past 2 Years
Gas Price History

Kansas Rig Count
Current: 35
Week ago: 29 (+21%)
Month ago: 31 (+13%)
Year ago: 44 (-20%)


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