MuskogeePhoenix.com, Muskogee, OK

Oklahoma News

June 22, 2014

With horizontal drilling, state keeps busy

OKLAHOMA CITY (AP) — More than 4,600 oil and natural gas wells were completed in Oklahoma last year as part of a domestic boom that is affecting many parts of the nation, according to reports filed with state regulators.

Corporation Commission records indicate companies applied for more than 6,000 drilling permits for the second consecutive year. That figure is up from about 4,100 permits in 2009, The Oklahoman reported Sunday.

Mike Terry, the president of the Oklahoma Independent Petroleum Association, said horizontal drilling has opened vast new resources across the country and has renewed activity in Oklahoma’s oil fields.

“The Mississippi Lime in northern Oklahoma was considered all but drained just five years ago, but today is it one of the country’s most active areas for oil and gas exploration,” he said.

Drillers sought more than 100 permits in 16 counties, most in the western half of the state, according to regulators, but 14 counties received no interest at all.

“Crude oil production in Oklahoma has doubled in the past five years thanks to technological advancements in drilling and well completion methods,” Terry said. “Production will continue to climb as innovation continues and producers take advantage of regulatory and legislative decisions that encourage investment in new oil and natural gas wells.”

The largest oil and gas producers in Oklahoma also are among the state’s most active drillers.

SandRidge Energy Inc. of Oklahoma City has largely tied its future to its acreage in northern Oklahoma and southern Kansas. It initially focused on the Mississippi Lime formation, but has expanded its operations to reach multiple formations in the Mid-Continent.

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