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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: May 15, 2024  

  • The KANSAS CORPORATION COMMISSION (KCC) issued five new oil and/or gas drilling permits in Kansas this past week. This brings the total number of new well locations this year to 263. This is 74 fewer drilling permits than were reported in the same period a year ago (-22.0%). A breakdown of all new locations shows 128 permits were issued for the Eastern Ranges 1E-25E of the State (48.7%) and 135 for the Western Ranges 1W-42W (51.3%).

  • Only 307 wells have been drilled to total depth in Kansas this year (oil, gas, disposal, water supply, or injection), compared with 451 wells drilled during the same period last year, representing a 33.0% decrease. Wildcat wells account for 11.7% of the total wells that spudded. Thirty-six (36) wildcats have been drilled this year compared to 39 a year ago (-7.7%). According to IOGsi's Red Top Weekly Drilling Report, 421 active wells are currently being scouted. Overall, drilling activity in Kansas is down nearly 26% compared to the same period last year.

  • 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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CRUDE OIL INDEX


KS Common (CVR): $53.50 bbl

OK Sweet (CVR): $59.50 bbl

WTI (NYMEX): $63.15 bbl 

Posted price as of 5/14/2025

NATURAL GAS INDEX

Panhandle Eastern Pipeline Co. (MMBtu)

MAY: $2.49 (-6.1%)          APR: $3.09 (-7.8%)          MAR: $3.35 (-6.2%)

Southern Star Central Gas Pipeline (MMBtu) 

MAY: $2.54 (-18.6%)        APR: $3.12 (-8.8%)          MAR: $3.42 (-11.9%)

PRICE HISTORY

Oil - Past 2 Years
Gas Price History

kANSAS RIG COUNT

Current: 23 
Week ago: 20 (+15.0%) 
Month ago: 23 (-%)
Year ago: 30 (-23.3%)


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