South Central Oklahoma Oil Province (SCOOP) and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties (STACK) plays in Oklahoma
- Merrill Lynch claims that the over-pressurized areas of the Stack and Scoop have the lowest production costs in the US. Low lift costs promote active oil & gas development.
- Average initial production (IP) in the over-pressurized areas ranges from 1,000-2,000 barrels of oil equivalent per day (BOPDE).
- Recent industry estimates suggest there may be 56,250 barrels of recoverable oil reserves per acre in the Stack Scoop shale.
- Stack SCOOP wells are often found in over-pressurized areas that allow operators to drill and complete wells quickly. Faster production equals faster royalty payments.
- Recent evidence suggests decline curves in over-pressurized areas have slower decline curves than conventionally pressurized shale. Lower decline curves equal higher and longer royalty payments.
- Low water cut. Wells average 10% water cut and thus enjoy low water disposal costs.
- Stack SCOOP infrastructure and pipelines are extensive and are not currently limiting production.