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Category: Oklahoma

Despite low oil prices, drilling continues in southern Oklahoma

March 10, 2015 Posted by Chris Wysong

Drilling budgets are being cut across the country but a series of overlapping fields in southern and central Oklahoma look to still have great potential. Despite low oil prices, drilling continues in southern Oklahoma By: Adam Wilmoth (NewsOK) Despite low oil prices and slashed drilling budgets throughout the country, a patch of southern and central Oklahoma continues to gain attention as a potential bright spot. A series of overlapping oil fields with peculiar names has the potential to grow into a significant area of oil development. But its too soon to know how the patch will develop as the companies are still early in their drilling programs and low oil prices have threatened to slow the effort. Collectively known as the Anadarko Basin, the region is home to some of the states early and most prolific oil production. South-central Oklahoma recently has attracted companies such as Continental Resources Inc., Marathon Oil and Newfield Exploration Co., which have brought with them

Posted in Oil, Oklahoma, Drilling
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