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IOGsi WEEKLY HIGHLIGHTS: April 18, 2024
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A total of 16 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 256, reflecting 136 less permits than was reported in the same period year ago (-35%). A breakdown of the new permits shows 135 permits were issued in the Eastern Ranges of the State (52.7%) and 121 permits in the Western Ranges (46.3%) this year.
There have been 301 wells spudded in Kansas in 2024 (oil, gas, disposal, water supply or injection) compared with 467 during the same period last year (-36%). Thirty-one wildcat wells have been drilled so far this year, which represents nearly 10% of the total number of wells spudded. This is 20 less wildcat wells than was drilled in same period a year ago (-39%). Figures show Kansas oil field activity continues to be a sluggish so far this year but seems to be improving in second quarter of 2024. Overall, activity in the Kansas oil patch is down about 34% compared with same period a year ago.
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