Woodford

Woodford Exclusives

Rimrock Resource Partners, 24500 net acres, buys, acquires, Scoop Play, Midcontinent, Golden Trend, Oklahoma, Garvin, McClain, Grady, Anadarko Basin, Tulsa, Post Oak Energy Capital, Ceja Corp, equity, Burt Williams, White Stone Energy, Mike Evans

Rimrock was formed last year to pursue Midcontinent acquisitions targeting the Woodford Shale, following a $75 million equity commitment from Post Oak Energy Capital and Ceja Corp.

Midcontinent, pressure pumping, well stimulation, Hart Energy, Heard In The Field, oil, gas, Scoop, Stack, shale, fracking, Oklahoma, DUCs, demand, survey, report, hydraulic horsepower, FracFocus

Midcontinent service providers anticipate an increase in well stimulation pricing from the current average of $38,000 per stage, largely reflecting activity in the Scoop and Stack plays.

E&P, oil, gas, capex, debt, outspend, dcf, WTI forecast

Investors are concerned that producers will be unable to keep savings they say are tied to efficiency improvements as service companies begin to assert themselves after two years of discounts.

Woodford Gross Acreage

CompanyNet Acreage
Newfield Exploration146,000
Continental26,413
All Top Acreage Holders
CompanyNet Acreage
Continental595,041
Devon Energy550,000
XTO380,000
Cimarex378,163
All Top Acreage Holders