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SCOOP/STACK Operator Warns of Bankruptcy; $1.6 Billion In Debt

The company has more than $1.6 billion in debt. The company has already missed its March 1, 2016 payments.



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Top  Operators ( Jan 1, 2016 - Apr 29, 2016)

Midstates Petroleum Company, Inc. ( 16 )   

White Star Petroleum LLC ( 10 )   

Sandridge Energy, Inc. ( 5 )   

Gilliland Oil Gas Inc ( 1 )   

Keener Oil & Gas Company ( 1 )   

Mid-Con Energy Partners Lp ( 1 )

SK PLYMOUTH LLC ( 1 )

International Energy Company Llc ( 1 )

 Drilling Permits Trends ( Jan 2015 - Apr 2016)

Drilling Permits ( March 30, 2016 - April 29, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
04-21-2016 Sandridge Energy, Inc. Garfield Richey 2407 1-21h Mississippi Lime
04-08-2016 Sandridge Energy, Inc. Woods Earl 2414 1-11h/14h Mississippian
04-07-2016 International Energy Company Llc Kay Steichen `12-1a Wilcox

Mississippi Lime Rig Activity : Source Baker Hughes
  Last Count Count Change from Prior Count Date of Prior Count Change from Last Year Date of Last Year's Count
All Apr 22, 2016 4 0 Apr 15, 2016 -21 Apr 24, 2015
HORIZONTAL Apr 22, 2016 4 0 Apr 15, 2016 -21 Apr 24, 2015
GAS Apr 22, 2016 0 0 Apr 15, 2016 0 Apr 24, 2015
OIL Apr 22, 2016 4 0 Apr 15, 2016 -21 Apr 24, 2015


Mississippi Lime Overview



What is the Mississippi Lime?

The Mississippi Lime is emerging as one of the top new horizontal plays in the United States. Initially a vertical play, horizontal techniques have increased interest in the area. Production varies significantly from one operator to the next. Well design is the biggest variable, but we need more results to give consistent averages.

Anadarko Basin Stack Horizontal Plays

Source : Midstates Petroleum / Petroleum Research.org

Mid-Continent Multi-Zone Program

Source :…

 Mississippi Lime Map



  Mississippi Lime - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
04/20/2016 Devon to Sell Mississippian Lime Asset to White Star Petroleum $200 Property
08/04/2015 New Western Picks Up MissLime, Cleveland Leasehold --- Property
06/29/2015 Stratex to Sell Off Two MidCon Leaseholds to Private Buyers --- A&D
06/08/2015 PetroQuest Ditches Woodford, MissLime Assets $280 Asset
05/27/2015 Jericho Adds to Oklahoma Acreage $1 Asset
04/22/2015 New Western Eyes MissLime, Chattanooga Shale Assets --- Asset
09/23/2014 New Western Eyes Oklahoma Acreage with MissLime Potential --- Asset
09/16/2014 Eagle Energy Exploration Picks Up 20,000 MissLime Acres $195 Asset
09/12/2014 Stratex Enters JV with Eagle Oil and Gas in Kansas Miss-Lime --- JV
06/24/2014 Jericho to Add Contiguous Kansas Acreage --- Property
 

Mississippi Lime Transactions By Month ($MM)

Mississippi Lime Strats, Maps, Type Logs and More
Mississippian Schematic Cross Section
Mississippian Isopach Map
Mississippian Type Logs
Mississippi Lime Map
Mississippi Lime Map - Oil Classification By County