Independent Oil and Gas

Independent Oil & Gas Service, Inc. (IOGsi) serves as a vital source for current and reliable oil and gas news in Kansas. The organization is committed to delivering timely and precise information that enables stakeholders to make well-informed decisions. Interested parties are encouraged to register as “New Users” to access a complimentary 30-day trial without any obligations. With a legacy of 79 years in the industry, IOGsi is dedicated to enhancing the journey of professionals within this sector.

IOGsi WEEKLY HIGHLIGHTS: August 7, 2024

The Kansas Corporation Commission (KCC) has issued 10 new drilling permits, bringing the total for this year to 440. While this indicates some ongoing activity in the oil and gas sector, it is essential to note that this figure represents a decline of 164 permits compared to last year, marking a significant 27.2% drop. This reduction can have real implications for local communities, affecting jobs and revenue that many families depend on. Understandably, these changes may raise concerns for those employed in the industry.
So far this year, 495 wells have been drilled in Kansas for oil, gas, disposal, water supply, or injection. This is down from 789 wells drilled during the same time last year, a decrease of 37.3%. There have been 57 wildcat exploratory wells drilled this year, compared to 72 last year, which reflects a 20.8% drop. Wildcat wells now account for 11.5% of all wells drilled. Drilling activity in Kansas has decreased by an average of 31% compared to the same period last year.
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