Oklahoma reverses 25-year decline in oil production

摘要

Operators have shifted to oil- and liquids-rich shale plays, tight sandstones, and the Mississippian limestone in jump-starting Oklahoma's oil production once again. The Sho-Vel-Tum field in southern Oklahoma was discovered in 1905, leading to a rush of oil finds in the state that culminated in peak production in 1927. Now a brand new play - the South Central Oklahoma Oil Province (SCOOP) - is tapping a shale below the Sho-Vel-Tum formations that could add to the state's booming unconventional plays, leading to a big increase in oil and condensate production.