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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: July 11, 2024  

  • A total of 21 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 519, reflecting 169 less permits than was reported in the same period year ago (-24.6%). A breakdown of all new locations this year shows 289 permits were issued in the Eastern Ranges of the State (55.7%) and 230 permits in the Western Ranges (44.3%).

  • There have been 581 wells spudded in Kansas in 2024 (oil, gas, disposal, water supply or injection) compared with 770 wells drilled during the same period last year (-24.5%). Fifty-five wildcat wells have been drilled so far this year, which represents nearly 9.5% of the total number of wells spudded. This is 28 less wildcat wells than was drilled in same period a year ago (-33.7%). Figures show Kansas oil field activity continues to be slow but steady this year. Overall, activity in the Kansas oil patch is down about 26.9% 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): $72.25 bbl

OK Sweet (CVR): $79.00 bbl

WTI (NYMEX): $82.62 bbl 

Posted price as of 7/11/2024

NATURAL GAS INDEX

Panhandle Eastern Pipeline Co. (MMBtu)                      JUL: $1.99 (+21%)            JUN: $1.64 (+37%)             MAY: $1.20 (-7%)

Southern Star Central Gas Pipeline (MMBtu)            JUL: $1.97 (+19%)            JUN: $1.66 (+37%)           MAY: $1.21 (-5%)

PRICE HISTORY

Oil - Past 2 Years
Gas Price History

kANSAS RIG COUNT

Current: 30
Week ago: 29 (+3%) 
Month ago: 32 (-6%)
Year ago: 39 (-23%)


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Independent Oil & Gas Service, Inc. (IOGsi) is a BBB Accredited Oil Report in Wichita, KS

   
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