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IOGsi WEEKLY HIGHLIGHTS: May 2, 2024
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A total of 35 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 318, reflecting 124 less permits than was reported in the same period year ago (-28%). A breakdown of the new permits shows 177 permits were issued in the Eastern Ranges of the State (55.7%) and 141 permits in the Western Ranges (44.3%).
There have been 334 wells spudded in Kansas in 2024 (oil, gas, disposal, water supply or injection) compared with 539 permits during the same period last year (-38%). Thirty-three wildcat wells have been drilled so far this year, which represents nearly 10% of the total number of wells spudded. This is 22 less wildcat wells than was drilled in same period a year ago (-40%). Figures show Kansas oil field activity continues to be sluggish this year but is beginning to show some signs of improving in second quarter of 2024. Overall, activity in the Kansas oil patch is down about 33% compared with same period a year ago.
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