If you haven’t heard of the Arkoma Stack yet, one local oil and gas executive predicts you will.
Nathaniel Harding, co-founder and president of Antioch Energy, told several hundred members and guests of the Rotary Club of Oklahoma City this week that the eastern Oklahoma play already has gotten some national exposure and that he expects more to come.
The Arkoma-Woodford Basin in southeast Oklahoma — also known as the East STACK — is quickly becoming an area to watch for oil and natural gas producers. Since this time last year, the basin’s rig count has grown by 175 percent.
Antioch Energy will be featured at this month’s Natural Gas & Energy Association of Oklahoma, talking company history and the meteoric rise of Hughes county.
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Statistics from the Baker Hughes rig count report issued on Friday revealed the Arkoma Woodford basin in southeastern Oklahoma was the fastest-growing oil and natural gas field in the country, according to a report by The Oklahoman.
The Arkoma Basin may not have been receiving the recent publicity that the Sooner State’s Stack and Scoop enjoy but that is changing due to the its excellent prospects, according to Nathaniel Harding, founder and president of Antioch Energy LLC, who spoke at Hart Energy’s DUG Midcontinent Conference and Exhibition.
Already among the most active areas in the country, Oklahoma’s oil patch is increasing and expanding as companies gain a better understanding of the rock and adapt improving drilling techniques.
HUGHES COUNTY, Okla. —
Oil wells make the sound of money in Oklahoma. Most recently, a new oil play has picked up in Hughes County.
“Some of the best breakevens and F&D in the Lower 48″
To view more, see the details here: 6th Annual NORTH AMERICAN CRUDE OIL SUMMIT
As part of their Energy HQ campaign highlighting innovative companies, the Oklahoma Energy Resource Board recently featured Antioch Energy and President Nathaniel Harding.