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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: November 23, 2023

  • 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%).

  • 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. 

 



2023 Directory

Published yearly in June by
Independent Oil & Gas Service


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CRUDE OIL INDEX


KS Common (CVR): $65.00 bbl

OK Sweet (CVR): $71.25 bbl

WTI (NYMEX): $74.86 bbl 

*Posted price as of 11/27/2023

NATURAL GAS INDEX

Panhandle Eastern Pipeline Co. (MMBtu)                      NOV: $2.59 (+22.9%)          OCT: $2.11 (-0.9%)          SEP: $2.13 (+4.4%)

Southern Star Central Gas Pipeline (MMBtu)            NOV: $2.68 (+19.6%)            OCT: $2.24 (+2.3%)            SEP: $2.19 (+3.3%)

PRICE HISTORY

Oil - Past 2 Years
Gas Price History

kANSAS RIG COUNT

Current: 43
Week ago: 39 (+10.3%) 
Month ago: 35 (+22.0%)
Year ago: 52 (-17.3%)


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