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Independent Oil & Gas Service, Inc.
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IOGsi WEEKLY HIGHLIGHTS: October 17, 2024
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The KANSAS CORPORATION COMMISSION (KCC) issued 55 new oil and gas drilling permits in Kansas this past week. This brings the total number of new permits-to-drill this year to 894, reflecting 155 fewer permits than was reported in the same period a year ago (-14.8%). This year, a breakdown of all new locations shows that 536 permits were issued in the Eastern Ranges of the State (60.0%) and 358 permits in the Western Ranges (40.0%).
There have been 968 wells drilled in Kansas in 2024 (oil, gas, disposal, water supply, or injection) compared with 1,118 wells drilled during the same period last year (-13.4%). One hundred wildcat wells have been drilled this year, representing nearly 10.3% of the total wells spudded. Twenty-three fewer wildcat wells have been drilled than a year ago (-18.7%). Kansas drilling activity remains slow but steady. Overall, activity in the Kansas oil patch is down about 17% compared to a year ago.
For additional News , go to “WEEKLY NEWS” on home page for more highlights and other news and announcements.
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