Permian Rush in Texas Is Giving Boost to Oklahoma Producers
Oil and gas producers are moving beyond the Permian Basin in West Texas as crude oil prices rise and the commodity glut in the Permian Basin continues to mount. We favor diversified shale players who are also active in Oklahoma, particularly those operating in the SCOOP and STACK oil plays, such as EOG Resources For reference, the STACK play is a geographic area located in the Anadarko Basin area of Oklahoma, which it stands for Sooner Trend Anadarko, Canadian and Kingfisher, which in turns means that the geological formation is located in the Anadarko basin, mainly located across the Canadian and Kingfisher counties in Oklahoma.
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