The Anadarko Basin leads major Lower 48 plays in full-cycle economics at $60/bbl, according to Enverus Intelligence Research, supported partly by lower acquisition costs and expanding drilling inventory.
- Inventory: 8,055 gross operated drilling locations, up 37% year over year, including 1,554 with half-cycle breakevens below $50/bbl WTI.
- Development areas: Improving economics expanded viable inventory across the Northwest, Cherokee and Merge.
- Ownership: Private operators control 70% of gross operated inventory, while public operators’ share of production has fallen from approximately 50% in 2020 to 25%.
- Investment and growth: More than $4 billion in M&A has occurred year to date, and EIR forecasts production growth of 15% through 2030.
Sales implication: Private operators and consolidating companies represent an increasingly important customer base for drilling, production equipment, facility infrastructure and maintenance services.
Top 10 accounts by record count
Rank Account Records 1 Mewbourne Oil Company 62 2 Continental Resources 43 3 Validus Energy 43 4 Devon Energy Corporation 42 5 Flywheel Energy (Baytex) 26 6 Mach Resources (BCE-MACH LLC) 23 7 Camino Natural Resources, LLC – (Diversified Energy) 20 8 Warwick Energy Group 15 9 Citizen Energy III LLC 11 10 Anthem Energy Operating (Oklahoma) LLC 10
Charter Oak Production Co., LLC and Eckard Operating, LLC also have 10 records. Ties are ordered alphabetically.
Top 5 counties by record count
Rank County State Records 1 Roger Mills Oklahoma 91 2 Canadian Oklahoma 65 3 Grady Oklahoma 60 4 Custer Oklahoma 59 5 Blaine Oklahoma 28
SCOOP and STACK grouping
I used a broad county definition covering SCOOP and STACK extensions, consistent with TGS’s published description. These are county-based groupings; individual wells may target other formations or fall within transitional areas such as MERGE. tgs.com
Group Counties represented in the report—all Oklahoma Records Share SCOOP Caddo, Carter, Garvin, Grady, McClain, Stephens 137 28.8% STACK Blaine, Canadian, Dewey, Garfield, Kingfisher, Major 130 27.3% Other reported areas All remaining counties 209 43.9% Total 476 100.0%
SCOOP and STACK together account for 267 records, or 56.1% of reported activity. Counts include every source row, without deduplication.
Author: phinds