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Industry News
Okla.'s SCOOP/STACK loses some of its luster

Drilling activity in Oklahoma's SCOOP/STACK shale play has declined sharply since the start of the year, with the number of active rigs down from 105 in January to 62 as of Sept. 11, data from S&P Global Platts Analytics show. Elevated production costs and geological challenges have prompted many producers to curb their drilling programs, exit the play or reallocate resources to other basins.

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