Hello Hello!! It feels like it’s been a while since we last talked. The team has been very busy over the past two weeks. If you haven’t heard, the Oklahoma Corporation Commission switched to a new electronic filing website and we had to edit our regulatory systems to ensure our users had access to up-to-date filings and images. But we are back! 

Data presented below is filtered to March 2022


Minerals, Assignments, & OGLs

PHX Minerals appeared to close on additional acreage that was part of the “acquisition of 2,151 net royalty acres in the SCOOP play of Oklahoma and the Haynesville play of East Texas and Louisiana for approximately $13.8 million in cash and 1.5 million shares of PHX common stock.”

Eckard: No surprise here, Eckard Land & Acquisition LLC led the way on total consideration spent for the month of March. 

Annastin Mineral PartnersAnnastin stood at the top of the Grantee tract count, with over 350 tracts acquired. 

Oil & Gas Leases: Continental Resources led the way, followed by Mewbourne Oil Co. and Capstone Land Co.  

  • By examining our assignment data users can quickly spot if an operator is using a broker to acquire leases. 
  • Grady, McClain, and Ellis saw the most leasing activity, accounting for 500 OGLs. The state saw 1261 tracts leased during the month of March. This is a huge increase from January (503) and February (973)!  


Ovintiv Targets the STACK

Ovintiv filed 132 Applications in Canadian (81) and Kingfisher (51)

  • For those familiar with the highways, the filings are just north of US 81 and East of US 81/OK 3. 

Additional Application Filing Leaders:  Continental ResourcesCalyx Energy IIICitizen Energy III, and Casillas Petroleum Resources

Order Dismissing Cause: Devon Energy had multiple dismissals filed in Canadian County, primarily in 12N-08W.


Activity Sent Straight To Your Inbox

Did you know you can receive a spreadsheet each morning of yesterday’s Oklahoma Corporation Commission filings?

  • Apps
  • Orders
  • Permits
  • Completions
  • Transfers

Send me an email if you’d like to learn more about this daily service! 


Spuds Jump From February 

In February we reported 43 spuds. In March that number jumped to 83.

Spud Leaders:

Woodford and Mississippian formations were the primary targets. 

Completion News: 17 wells were completed in the month of March.

  • 3 of the completions were former DUCs. 

1581 Wells Transferred: Thousands of 1073s were filed in March.


Red Sky Resources: SCOOP/MERGE STACK Non-Op Opportunity

  • ~2,900 net acres focused under premier, well-capitalized Mid-Con operators including Continental, EOG, Ovintiv, Camino, and others
  • Substantial liquids-rich production of ~1,250 Boed generating NTM cash flow of ~$19MM (PDP only) and PDP PV10 of ~$50MM
  • Line-of-sight to material near-term production growth with five rigs currently on-lease and 30 DUCs and 9 Permits to TIL in 2022 (DUC + Permit PV10 of ~$30MM)
  • ~300 highly economic PUD locations across the Mississippian and Woodford formations

Kaiser-Francis Oil Company: Arkoma Basin Opportunity

FBC2 Royalty Partners, LLC: Woodford ORRI Opportunity

Silver Creek Oil and Gas, LLC: Norge Marchand Sand Unit (Non-Op)​​​​​​​


A lot of people will be off work and on the road on Good Friday. Please be careful during your travels. With all the turmoil going on around us, I hope Easter allows you to spend quality time with your friends, family, and connections. 




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