Highlights Rig count hits 41, highest since pre-pandemic: Enverus Production tops 3.8 Bcf/d, matching March 2020 level Devon sees larger capex share for Okla. acreage in 2022 Gas production from the SCOOP-STACK shale of Oklahoma looks poised for growth in 2022, as improving well economics prompt acreage holders to bring capital and drilling rigs back to the basin. Over the past five months, upstream investments in the SCOOP-STACK have surged. In the week ended Nov. 17, the rig count there climbed to a 20-month high at 41 – up from just 25 rigs this summer and a dramatic turnaround from the basin’s pandemic-fueled decline to just eight drilling rigs in July 2020, recent data published by Enverus shows. Growing interest in the Oklahoma shale has accompanied a steady rise in producer internal rates of return. In October, […]