Crude oil, natural gas production in Texas and Oklahoma’s Anadarko Region increasing, EIA says

Increased production of crude oil and natural gas is being seen in Texas and Oklahoma’s Anadarko Region, which was recently added to the U.S. Energy Information Administration’s (EIA) Drilling Productivity Report (DPR).

The region, which covers a large part of western Oklahoma and the northeast corner of the Texas panhandle, accounted for 437,000 barrels per day (b/d) of oil production and 4.9 billion cubic feet per day (Bcf/d) of natural gas production in July. During the same month, approximately 13 percent of all new wells drilled in the country were located in Anadarko.

The area had 129 wells as of July. The rate of increase in 2017 was second only to the Permian Region.

The Sooner Trend Anadarko Canadian and Kingfisher (STACK) and the South Central Oklahoma Oil Province (SCOOP) plays have been the primary drivers of production growth in the region.

A 2010 assessment of the area by the U.S. Geological Survey estimated mean technically recoverable undiscovered resources of 495 million barrels of oil, 27.5 trillion cubic feet of natural gas, and 410 million barrels of natural gas liquids.

New-well production per rig in the Anadarko Region as reported in the DPR was 372 barrels per day (b/d), which is lower than in most other regions. EIA expects productivity in Anadarko to continue to increase in the near future as operators finish additional wells.

EIA forecasts that production in the Anadarko Region will grow to 500,000 b/d by the end of 2018.