Chaparral Buys STACK Acreage for $60M, Closes on New $400M Credit Facility
December 27, 2018
Chaparral Energy Inc., a pure-play operator focused on the STACK (Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties) play in Oklahoma, said it has entered into an agreement to purchase 7,000 contiguous net acres in the latter county for $60 million in cash.
Sam Zell Says Oklahoma Stack Prospects Are 'Awesome'
December 09, 2017
Sam Zell, the founder, and chairman of Equity Group Investments discusses energy investments, the ability of shale oil to add supply, and his company’s commitment to the Oklahoma Stack oil formation. He speaks on "Bloomberg Daybreak: Americas."
Phillips 66 And Plains Unite To Build Pipeline In STACK Play
August 04, 2016
Phillips 66 and Plains All American Pipeline have united to form a limited liability company (LLC) for an oil pipeline in in the STACK area of Oklahoma. As reported in Oil and Gas Investor, the Texan-based companies will equally split control over ownership and operation of the conduit that transports crude from northwestern Oklahoma to Cushing in that same state.
Why Are Oil Producers Rushing To The STACK?
July 25, 2016
Crude oil prices may be falling again but shale producers are building up their acreage and drilling wells, eying an eventual rebound. Naturally, cash-strapped shale boomers are looking at the most cost-efficient places to drill and a new hot spot has emerged lately in this segment: the STACK play. STACK stands for Sooner Trend Anadarko Basin Canadian and Kingfisher counties. Despite the eccentric acronym, the play is drawing more and more E&Ps because of high yields and low production costs.
Devon Energy brings record-setting well online in Oklahoma's STACK play
July 18, 2016
OKLAHOMA CITY -- Devon Energy Corp. has brought online another successful spacing pilot and a record-setting oil well in the over-pressured oil window of the STACK play. The Alma spacing pilot tested five wells per section across a single interval in the upper Meramec, delivering 30-day production rates averaging 1,400 Boepd per well, of which 60% was light oil. In addition to the strong initial-production rates, early flow-back results from the Alma pilot indicate minimal interference between wells, suggesting potential for tighter spacing in the over-pressured oil window. The Alma wells were drilled with 5,000-ft laterals and were conservatively brought online with a 12/64-in. choke and gradually increased to a 20/64-in. choke.