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Chesapeake Energy Expands Efforts at STACK’s Edge

Major County in northwest Oklahoma is not normally defined as being a part of the state’s highly-popular STACK oil play, but it’s close and two oil companies are taking advantage.

The STACK is typically considered to be in Canadian, Blaine and Kingfisher counties, but Major county is adjacent to the north side of Blaine county.

Six drilling permits for the county have been given to Chesapeake Operating and SandRidge Exploration and Production……five going to Chesapeake.

All five for Chesapeake are wells to be drilled at the same site, 21 20N 12W located about 4 miles south of the town of Fairview. Three are named Cascade and two will be Wahl wells. But the multi-wells at the single platform site will be in the Mississippi Solid zone.

The remaining Major county permit went to SandRidge Energy and the well site, 28 20N 15W is located approximately 9 miles northeast of the city of Seiling. Called the Kasper well, SandRidge plans targeting the Meramec and Osage zones.

As for the STACK, Triumph Energy Partners LLC, a company based in tulsa and funded by Kayne Anderson Energy Fund VII has a permit to drill in Canadian County.

One permit was granted in Kingfisher County to Hinkle Oil and Gas Inc., an Oklahoma City-based exploration company.

Gulfport Energy’s obtained another permit in Grady County moving ahead with its major effort in the SCOOP. It was earlier this year when the company wrapped up a $1.85 billion-deal to buy 46,400 net surface acres from Vitruvian II and Woodford LLC. The land is located in Grady, Stephens and Garvin counties and the purchase opened the door for Gulfport’s entry into the Midcontinent.

At the time of the purchase announcement, leaders of Gulfport said they had identified 1,750 gross drilling locations in the Woodford and Springer intervals. The company said it had four operating rigs in the SCOOP with plans to add another two rigs at the start of 2018.