Basin transactions are numerous and vary in size. With new development opportunities still presenting themselves and a benchmark operating environment, basinal activity remains high. However, despite a supportive State regulator, the overriding concern is at the Federal level, and to what extent the Biden Administration will use Federal powers to override State legislation to prevent oil & gas development.
April 17, 2023
Americas - North
The CPB is located on the western flank of the Ozark dome, bounded by the Bourbon arch to the north, the Nemaha uplift to the west. During the early to mid-Desmoinesian, the CPB was influenced by the orogenic activity of the convergent Ouachita system in present-day south-eastern Oklahoma. During the Pennsylvanian, sediment of the Cherokee Group was deposited disconformably upon the karst surface of the Mississippian limestone in south-eastern Kansas and surrounds. There 3 key plays in the CPB, the: (i) Pre-Woodford Palaeozoic Play; (ii) Mississippian Play (Southern reaches only); and (iii) The Pennsylvanian Plays.
The Basin has been widely explored with a variety of play types. Asset turnover remains high as the development maturity risk is passed between companies. However, recent price headwinds are creating a feeling of uncertainty for the basin.
Source: ESRI, BGS, USGS & OGA data
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