May 16, 2014

Tulsa energy company finds SCOOP to be SOHOT


Interest in energy excavation in Grady County continues to rise, after Tulsa based UNIT Corporation released an earnings call transcript detailing the company's local work. 

During the call, Geologic Manager Brad Guidry detailed the company's work in their newest oil play, the SOHOT (Southern Oklahoma Hoxbar Oil Trend).

Essentially mimicking the geographic region of the SCOOP, UNIT's SOHOT is primed to be a massive producer for the company, according to Guidry's comments during the call. 

"Its formation is very strong, just to have an oil well flowing at those rates (950 barrels of oil equivalent per day) over a 30, 40 day period is pretty incredible," he said. 

UNIT's primary focus is in southwestern Grady County,. near the Cement area. Guidry said the Hoxbar is a Pennsylvanian sand/shale sequence. that's approximately 2,000 feet thick, containing four to six stacked sand benches that could be productive. 

There is one UNIT rig drilling in the play, but Guidry said plans are to add two more in June. 

"The capital drilling budget in this area for '14 has been increased approximately 49 percent to $82 million," he said. 

There are approximately 50,560 gross acres and 12,810 net acres in this area available for drilling, according to Guidry. 

The first well has been so profitable that Guidry said money has been reallocated from other plays to fund expansion in the SOHOT. A reduction of $41 million is being reallocated from UNIT's interests in the Mississippian play to their work in the SOHOT and Granite Wash areas. 

"I mean, there is no question. It's early on in the state of this," Guidry said. "…There is no question the well looks very strong. We are very comfortable in the range we are looking at." 

Text Only
  • Council approves more searches for oil, natural gas

    Searches for more oil and gas deposits in town can begin after Chickasha City Council struck a land use agreement with a third party.

    July 11, 2014

  • DSC_0916.JPG Local organization discussed oil and gas developments

    Oklahoma Corporation Commissioner Dana Murphy spoke about the oil and gas industry in the state during a meeting of the Grady County Mineral Owners Association Thursday.

    June 14, 2014 1 Photo

  • tds052214obamamain_photo Fracking debate follows Obama

    Critics of fracking planned to greet President Obama with signs and protests during his stop in upstate New York on Thursday. Obama might see some supporters of the practice, as well.

    May 22, 2014 2 Photos 2 Stories

  • SOHOT.jpg Tulsa energy company finds SCOOP to be SOHOT

    Interest in energy excavation in Grady County continues to rise, after Tulsa based UNIT Corporation released an earnings call transcript detailing the company's local work

    May 16, 2014 1 Photo

  • Recent unemployment report shows prosperous Grady County

    Help wanted signs are popping up all over Chickasha and Grady County recently. 

    May 3, 2014

  • Oil warehouse to open in Chickasha

    Oklahoma City-based oil field chemical company Energy and Environmental Services will open a warehouse in Chickasha in the next month.

    April 30, 2014

  • Coast Guard wants barges to ship fracking water

    The U.S. Coast Guard wants to allow barges filled with fracking wastewater to ply the nation's rivers on their way toward disposal. Many environmentalists are horrified, but industry groups say barge transport has its advantages.

    December 19, 2013

  • Beyond fracking: University of Wyoming scientists look for ways to boost oil and gas production

    Terms like horizontal drilling and “fracking,” as hydraulic fracturing is commonly referred to, are well known now. The two technologies have sent U.S. energy production soaring in recent years, as previously inaccessible reservoirs of oil and gas have been unlocked in places like North Dakota, Pennsylvania and New York.

    December 18, 2013

  • More oil and gas drillers turn to water recycling

     When the rain stopped falling in Texas, the prairie grass yellowed, the soil cracked and oil drillers were confronted with a crisis. After years of easy access to cheap, plentiful water, the land they prized for its vast petroleum wealth was starting to dry up.

    November 14, 2013

  • OERB web.tiff Industry funded nonprofit cleans abandoned sites

    The energy industry has changed somewhat dramatically over the last two decades. During the boom in the '80s, regulation was scarce and energy companies left behind machinery and concrete slabs in the wake of their excavating. 
    Since 1993 the Oklahoma Energy Resources Board has been working diligently to make amends for the environmental damage done during this era, and 20 years later OERB has managed to clean up 13,000 well sites across the state including 53 in Grady County. 

    October 16, 2013 1 Photo