Output hits annual high, averaging 3.7 Bcf/d in March At 18 rigs, count remains at 40% of pre-pandemic level Production drop in 2021 to flatten through early 2020s After rebounding sharply from the February freeze-off, gas production in the SCOOP/STACK could face downward pressure this summer as legacy rig declines begin weighing on upstream productivity. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Month to date, output from the Oklahoma shale basin has shown surprising strength, averaging about 3.7 Bcf/d – up sharply from a more than three-year low in February at just 2.8 Bcf/d. Prior to last month’s freeze-off, SCOOP/STACK production was actually lower, averaging about 3.6 Bcf/d. Over the past nine months, output from the SCOOP/STACK has outperformed expectations. Last spring, production there fell by more than 20% from levels over 4 Bcf/d as a pandemic-fueled supply glut in the global oil […]