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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%).