Arkoma Stack In Southeastern Oklahoma Expected To Take Off By One Energy Executive

By Jack Money Business Writer jmoney@oklahoman.comIf you haven't heard of the Arkoma Stack yet, one local oil and gas executive predicts you will. Nathaniel Harding, co-founder and president of Antioch Energy, told several hundred members and guests of the Rotary Club of Oklahoma City this week that the eastern Oklahoma play already has gotten some national exposure and that he expects more to come. "The Arkoma Basin has been a prolific producer of oil and gas in the past 100 years, with about a billion barrels of oil equivalent produced out of it during that time," Harding said. Lately, producers working in that part of Oklahoma have targeted shale in the area, and Harding said that certainly is the case for Antioch, which has concentrated its efforts to acquire leases there. Antioch has 23,000 net acres in the play, particularly in Hughes County, with an opportunity to drill as many as 500 wells, he said. The exploration company is obtaining seismic surveys of its holdings as it continues to focus its acquisitions in areas it sees as geological sweet spots, Harding said. For Antioch, Harding said it poses the same types of challenges it overcame as it worked on wells in Oklahoma's STACK and SCOOP plays in northwestern, west central and south central Oklahoma. He added he likes its economics, because he said the targeted formations are relatively shallow. "Compared to other plays in North America, this has some of the best economics, and there's room to improve this," he said.Read more on NewsOK.com