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Subject
Oklahoma’s STACK and SCOOP shale play.
Significance
Successful US shale companies depend on spotting opportunities early and acquiring prime land to drill on before their rivals. Companies that moved early into the Permian Basin in Texas are reaping the benefits today. Companies searching for the next hot spot are increasingly looking to central Oklahoma, where the STACK and SCOOP play has grabbed the industry’s attention.
Impacts
Oilfield service companies will see new opportunities in the expansion of the shale business into new areas.
As output grows in Oklahoma new energy infrastructure such as pipelines and processing facilities will be needed.
Increased oil activity will help lift Oklahoma’s sluggish economy, but shale hires tend not to be local.
Keywords:
United States,
NA,
economy,
industry,
politics,
corporate,
energy,
government,
natural resources,
oil,
prices,
regional,
regulation,
natural disasters
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2017
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