The UGCenter’s new Special Report on the Arkoma Basin provides an in-depth look at the petroleum-rich region spanning southeastern Oklahoma and west-central Arkansas.
According to a U.S. Geological Survey conducted in 2010, the estimated mean volume of the basin is 38 trillion cubic feet of undiscovered natural gas, 159 million barrels of NGL, and no oil in accumulations of 0.5 million barrels or larger in the Arkoma Basin Province and related areas. More than 97% of the undiscovered gas occurs in continuous accumulations—70% in shale gas formations, 18% in a basin-centered accumulation with tight sandstone reservoirs, and 9% in coal beds. Less than 3% of the natural gas occurs in conventional accumulations.
The Arkoma Basin contains Upper Cambrian–Lower Pennsylvanian strata, deposited on the shelf of a passive margin, overlain by Lower–Middle Pennsylvanian foreland-basin deposits. Producing formations include Caney Shale, Woodford Shale, Moorefield Shale and Fayetteville Shale. The Devonian Woodford Shale generally ranges from 100 ft to 220 ft thick at depths of 6,000 ft to 11,000 ft in Oklahoma.
This 24-page report contains geological descriptions, news, company activities, go-to reference links and more, which you can access here (requires subscription).
Larry Prado, activity editor, can be reached at lprado@hartenergy.com.
Recommended Reading
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.
Daniel Berenbaum Joins Bloom Energy as CFO
2024-04-17 - Berenbaum succeeds CFO Greg Cameron, who is staying with Bloom until mid-May to facilitate the transition.
Equinor Releases Overview of Share Buyback Program
2024-04-17 - Equinor said the maximum shares to be repurchased is 16.8 million, of which up to 7.4 million shares can be acquired until May 15 and up to 9.4 million shares until Jan. 15, 2025 — the program’s end date.