WTI Cushing trading near $100/b Rig count hits 30-month high at 45 Gas production at 25-month high Surging oil prices fueled by Russia’s ongoing war in Ukraine have boosted drilling margins in Oklahoma’s SCOOP-STACK basin where rising crude output now appears to be lifting associated gas production. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Over the past five weeks, US crude prices have zoomed past $100/b following the global market higher as supply concerns in Western Europe mount. At the US benchmark WTI location, prompt-month futures traded at a nearly ten-year high in March averaging about $108.50/b, data from S&P Global Commodity Insights shows. Record-setting prices have lifted operating margins for US drillers across the board. Oklahoma is no exception, with internal rates of return in the state hitting historic highs last month. In the liquids-rich STACK basin, half-cycle, post-tax IRRs jumped to […]