Thanks largely to the use of 3-D seismic in prospecting for small structural closures, oil production has been rising in Kansas. In 2007, the state produced 36.59 million barrels of crude and in 2008 it made 39.58 million barrels. From January through October 2009, 32.76 million barrels had already been produced.
Kansas Oil: Production Since 2000 | |||
Oil | |||
Production | Wells | ||
(bbls) | |||
2000 | 35,174,434 | 42,165 | |
2001 | 34,124,322 | 41,545 | |
2002 | 33,379,734 | 41,383 | |
2003 | 33,972,033 | 41,206 | |
2004 | 33,878,472 | 41,920 | |
2005 | 33,619,258 | 43,012 | |
2006 | 35,668,804 | 43,924 | |
2007 | 36,590,204 | 43,413 | |
2008 | 39,582,384 | 45,106 | |
2009* | 32,762,190 | 44,483 | |
*2009 data incomplete at this time. | |||
Source: Kansas Geological Survey |
The new flows of crude are coming mainly from counties in western Kansas and on the Central Kansas Uplift. In these regions of the Sunflower State, prospectors can image closures as subtle as 10 to 15 feet on 3-D, and that's enough to make an oil well. Economics are strong, as the wells are shallow and inexpensive to drill and complete.
For more on Kansas, look for the article “Little Kansas Bumps” in the upcoming April 2010 issue of Oil and Gas Investor. -Peggy Williams, Senior Exploration Editor, Oil and Gas Investor pwilliams@hartenergy.comRecommended Reading
Vantage Drilling Names Williams Thomson as New COO
2024-12-31 - Thomson is currently Vantage’s chief commercial officer and CTO and has served the company since 2008.
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
Berry Closes Debt Refinancing to Uphold Growth Commitments
2024-12-26 - Berry Corp. closed a debt refinancing agreement to continue its corporate strategy of promoting scale and diversification.
Venture Global LNG Files Paperwork for IPO
2024-12-20 - Venture Global LNG filed initial paperwork for an IPO on Dec. 20, about a week after the company’s Plaquemines LNG facility started production.
Dividends Declared Week of Dec. 16
2024-12-20 - As fourth-quarter 2024 nears its end, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.