Shale Drillers Head North As The Permian Fills Up

23 Aug 2017   Shale Oil

The Anadarko shale region, located mostly in Oklahoma, has seen a sharp increase in investment and drilling activity in recent years. The expanding presence of shale players in the Anadarko has resulted in the EIA including the region in its monthly Drilling Productivity Report alongside more well-known places such as the Permian, Eagle Ford and the Bakken. The Anadarko produces more than 450,000 barrels of oil per day, but the region is increasingly becoming known for its surging natural gas production, which is set to top 6 billion cubic feet per day (bcf/d) in September, according to the EIA. The EIA noted in its DPR that the Anadarko is second only to the Permian Basin in the number of active rigs – the Anadarko had 129 as of July, while the Permian had 373. The Anadarko region is “well-established,” the EIA says, but […]

Comments are closed.