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Independent Oil & Gas Service, Inc.
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IOGsi WEEKLY HIGHLIGHTS: November 23, 2023
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A total of 18 new oil and gas drilling permits were issued in Kansas this past week by the KANSAS CORPORATION COMMISSION (KCC). This brings the year-to-date total of new locations issued to 1,189, which is 320 less drilling permits as compared with the same period a year ago (-22.7%). A total of 638 permits have been granted this year to operators working in the Eastern Ranges of the State (53.7%) and 551 permits in the Western Ranges (46.3%).
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There have been 1,196 wells (oil, gas, disposal, water supply or injection) spudded in Kansas this year, compared to 1,547wells a year ago (-22.7%). Exploratory well activity shows 133 wildcat wells have been drilled this year, which accounts for about 11.1% of the total number of wells spudded this year. This is 33 less wildcat wells than was drilled in the first 47 weeks in 2022 (-19.9%). Total footage drilled in Kansas is down 25.6% for the year. This reflects a 27.8% decline in Western Ranges and 15.8% decline in Eastern Ranges. Active Rotary Rig Count in Kansas this week is 43, compared to 52 a year ago (-17.3%). Bottom line, this reflects an overall average decline of 23% in the Kansas oil industry compared to last year.
- For additional News, go to “WEEKLY NEWS” on home page for more highlights and other news and announcements.
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