Just when it looked so good in the Midcontinent as the Stack and Scoop promised to become the next great stacked pay play in the storied renaissance of North America’s tight formation revolution, inconsistent field results and variable well economics turned the nation’s most promising region in 2017 into the most hard hit area in the oil patch in 2019.

Midcontinent rig count fell by two-thirds in 2019, more than any other play in the U.S. Promises of major gains through cube development deflated into disappointment when it became evident that E&Ps were placing wells too close together.

Meanwhile, geological heterogeneity took a toll as once promising E&Ps with celebrity CEOs literally vaporized into Chapter 11 or formerly high-flying regional explorers merged into companies that emphasized free cash flow on proved developed producing holdings.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access