A number of independent crude producers are testing the potential of the South Central Oklahoma Oil Province—SCOOP, for short—and liking what they see. It is too early to know if SCOOP, a legacy shale play in the southern reaches of the Woodford Shale, will be the next big thing in US crude production. But SCOOP seems to have a lot going for it geology-wise and, as an added bonus, the play is located near several pipelines and the Cushing, OK oil pipeline and storage hub. Today we take a look at SCOOP, its potential for crude production, and the E&P companies chasing the dream.
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This why I am adding Newfield Exploration (NFX) to the Sweet 16 on July 1.
GST also has acreage with SCOOP potential.
SCOOP for CLR, NFX and GST
SCOOP for CLR, NFX and GST
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group