Woodford Shale

Woodford Shale ImageLocated in southeastern Oklahoma, the Woodford shale play has been drilled for about 10 years. Only the Barnett shale in Texas has been producing natural gas longer than the Woodford shale. Devon Energy drilled the first well into the Woodford shale formation in 2005, and since then numerous petroleum companies have acquired acreage and launched their own drilling programs. Current estimates are that the Woodford shale holds approximately 4 tcf of natural gas.

Of the numerous companies drilling in the Woodford shale, Houston-based Newfield Exploration and Oklahoma City-based Devon are the largest producers. Both companies have sold off much of their offshore assets in the Gulf of Mexico and elsewhere in order to focus their attention on unconventional resources such as the Woodford and other shale plays

Woodford Shale Map

Woodford Shale News

BHI: US rig count posts smallest decline in 22 weeks

May 8, 2015

During a week in which much of the oil and gas industry was either preoccupied with the Offshore Technology Conference in Houston or company earnings reports, the US drilling rig count snuck down just 11 more units to settle at 894 rigs working, according to data from Baker Hughes Inc.

BHI: US rig count loses 27 units, down 1,015 units since Dec. 5

May 1, 2015

The US drilling rig count fell 27 units—all on land—to 905 rigs working during the week ended May 1, according to data from Baker Hughes Inc. The count has now plunged 1,015 units over 21 weeks since the week ended Dec. 5.

BHI: US rig count decline slows; production increases

Apr 2, 2015

The US drilling rig count dropped 20 units—with just slightly more than half targeting oil—to settle at 1,028 rigs working during the shortened week ended Apr. 2, according to data from Baker Hughes Inc.

BHI: US rig count continues to tumble, falls 43 units to 1,267

Feb 27, 2015

The US drilling rig count declined 43 units—down from losses of 48 last week and 98 the previous week—to settle at 1,267 rigs working during the week ended Feb. 27, according to data from Baker Hughes Inc.

Continental, South Korean firm to jointly develop northwest Cana Woodford

Feb 10, 2015

Continental Resources Inc., Oklahoma City, formed a joint venture with a wholly owned US subsidiary of SK E&S Co. Ltd. to jointly develop 44,000 net acres of Continental's northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Okla.

Continental Resources completes more Springer wells

Feb 10, 2015

Wells competed by Continental Resources Inc. last year reaffirmed the repeatability and growth potential of the Springer play in South Central Oklahoma Oil Province (SCOOP), said Harold G. Hamm, Continental chairman and chief executive officer.

BHI: US rig count down 87 units in 10th straight week of losses

Feb 6, 2015

The US drilling rig count plunged 87 units, a decline that was again spurred mostly by oil rigs, to settle at 1,456 rigs working during the week ended Feb. 6, Baker Hughes Inc. reported.

Kinder Morgan to acquire Hiland Partners for $3 billion

Jan 22, 2015

Kinder Morgan Inc. (KMI) has agreed to acquire Hiland Partners from founder Harold Hamm and certain Hamm family trusts for $3 billion, including the assumption of debt. The deal is expected to close in the first quarter.

BHI: Shortened week sees 12-unit loss in US rig count

Nov 26, 2014

The US drilling rig count fell 12 units to 1,917 rigs working as the country headed into the Thanksgiving holiday during the abbreviated week ended Nov. 26, Baker Hughes Inc. reported.

BHI: Oklahoma, Cana Woodford lead gains in this week’s rig count

Nov 21, 2014

A week of mostly offsetting activity saw the US drilling rig count edged up a single unit to 1,929 rigs working during the week ended Nov. 21, Baker Hughes Inc. reported.

BHI: Gains in Utica, Ohio headline latest US rig count

Nov 14, 2014

The US drilling rig count was up 3 units to reach 1,928 rigs working during the week ended Nov. 14, with notable gains in Ohio and more specifically the Utica basin, Baker Hughes Inc. reported.

American Energy unit adds SCOOP, STACK acreage in Oklahoma

Nov 13, 2014

American Energy–NonOp LLC (AENO), an affiliate of American Energy Partners LP (AEP), Oklahoma City, has completed a series of transactions with Double Eagle Energy Holdings LLC, Ft. Worth, and several other parties to acquire nonoperated working interests in the SCOOP and STACK resource plays in southern and central Oklahoma for $251 million.

Continental testing Springer shale potential

Nov 3, 2014

Four delineation wells operated by Continental Resources Inc. in Grady County, Okla., confirm potential of the Mississippian Springer shale in the South-Central Oklahoma Oil Play (SCOOP), says Chairman and Chief Executive Officer Harold G. Hamm.

Continental, South Korean firm to jointly develop northwest Cana Woodford

Oct 27, 2014

Continental Resources Inc., Oklahoma City, has formed a joint venture with a wholly owned US subsidiary of SK E&S Co. Ltd. to jointly develop a significant portion of Continental’s northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Okla.

Marathon Oil sees promise in Oklahoma's Scoop, Stack plays

Oct 21, 2014

Marathon Oil Corp. is using extended-reach laterals to improve initial production rates in the emerging South-Central Oklahoma Oil Province (Scoop) resource play.

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