SandRidge CEO says Oklahoma field is the next Bakken

SandRidge Energy Inc. CEO Tom Ward on Thursday again stated his belief that the Mississippian Lime formation in northwest Oklahoma and western Kansas likely will be the next great American oil field.

Speaking on CNBC, Ward compared the area to the Bakken of North Dakota and Montana, where production companies led by Oklahoma City-based Continental Resources Inc. have doubled the size of the country’s oil reserves.
“We’re anticipating that peak production in the Mississippian Lime play will be around 500,000 barrels of oil (per day) before 2020,” Ward said.

SandRidge is the largest player in the Mississippian, followed by fellow Oklahoma City firms Chesapeake Energy Corp. and Devon Energy Corp.

 

 

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