Hefner Energy Invests in the Mid-Continent, with a Focus in Oklahoma
The SCOOP was first coined by Continental Resources (NSYE:CLR) in 2013, standing for "South Central Oklahoma Oil Province." Since, it's become one of the most prolific plays in the United States and was awarded Oil & Gas Investor's Best Discovery in 2015.
Newfield Exploration announced it's "STACK" play shortly after Continental announced the SCOOP play in early 2013; STACK standing for "Sooner Trend Anadarko basin, Canadian and Kingfisher Counties." This play has quickly emerged as one of the top plays in the United States, recently highlighted by Devon Energy's acquisition of Felix Energy for roughly $20,000 per undeveloped acre after backing out production. This play has the potential to dethrone the Permian and Eagle Ford as most economic shale play in the lower 48.