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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: March 28, 2024

  • A total of 17 new oil and gas drilling permits were issued in Kansas this past week by the KANSAS CORPORATION COMMISSION (KCC). This brings the total number of new permits this year to 210, reflecting 104 less permits than was reported in the same period year ago (-33%). A total of 113 new permits were granted to operators working in the Eastern Ranges of the State this year (53.8%). There were 97 new drilling permits in the Western Ranges (46.2%).

  • There have been 215 wells spudded in Kansas in 2024 (oil, gas, disposal, water supply or injection) compared with 360 during the same period last year (-40%). Twenty wildcat wells have been drilled so far this year, which accounts for about 9% of the total number of wells spudded. This is 20 less wildcat wells than was drilled in same period a year ago (-50%). Figures show Kansas oil field activity getting off to a sluggish start in 2024, due in part to the lack of new intent-to-drill applications. Total footage drilled in Kansas is down significantly for the year from 1,066,554 ft a year ago to 501,996 ft currently (-53%). Bottom line, overall drilling activity in the Kansas oil patch is down about 39% compared with same period a year ago.

  • 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): $71.50 bbl

OK Sweet (CVR): $77.75 bbl

WTI (NYMEX): $81.35 bbl 

*Posted price as of 3/27/2024

NATURAL GAS INDEX

Panhandle Eastern Pipeline Co. (MMBtu)                      MAR: $1.36 (-56%)         FEB: $3.06 (+15.0%)           JAN: $2.66 (+2.3%)

Southern Star Central Gas Pipeline (MMBtu)            MAR: $1.39 (-58%)            FEB: $3.31 (+12.2%)           JAN: $2.95 (+4.2%)

PRICE HISTORY

Oil - Past 2 Years
Gas Price History

kANSAS RIG COUNT

Current: 32
Week ago: 29 (+10%) 
Month ago: 19 (+69%)
Year ago: 40 (-20%)


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