[Editor's note: A version of this story appears in the January 2019 edition of Oil and Gas Investor. Subscribe to the magazine here.]
The old is new once again in the western Anadarko Basin that straddles the state line between the Texas Panhandle and western Oklahoma. Privately held independents are applying super-extended laterals and multistage, high-intensity completions to revive a quasi-unconventional resource play.
The current revival is the latest in a province that has witnessed almost 45,000 wells during the past 100 years and generated 15 trillion cubic feet of gas—much of it liquids-rich at 1,250 to 1,350 British thermal units—and 300 million barrels (bbl) of oil.
The western Anadarko is home to two hydrocarbon plays. The gas-rich Granite Wash is characterized by debris fans along the forefront of a geologically ancient mountain front. The second occupies a shallow shelf pro-grading south and west into the ancient basin and is characterized by a liquids-rich gas and black-oil play.