SCOOP & STACK Oil Investments: Oklahoma's Anadarko Basin for Accredited Investors

The SCOOP (South Central Oklahoma Oil Province) and STACK (Sooner Trend Anadarko Basin Canadian and Kingfisher counties) plays represent Oklahoma's primary unconventional oil development areas. Both are Mississippian-age formations at depths of 5,000–15,000 feet, with the STACK targeting Meramec, Osage, and Woodford intervals in Canadian and Kingfisher counties, and the SCOOP targeting Woodford and Springer formations in southern central Oklahoma.

The SCOOP/STACK plays attracted significant major operator capital between 2014 and 2019, with companies like Continental Resources, Devon Energy, and Marathon Oil establishing large acreage positions. Initial production results were strong in core areas, and the formations' geologic profile is well-understood through extensive offset drilling.

The investment case for SCOOP/STACK has evolved as the plays have matured. Core areas deliver competitive returns, while some peripheral acreage has underperformed initial projections. For private investor programs targeting SCOOP/STACK, the specific county and formation interval matter significantly — not all acreage in 'SCOOP/STACK' carries the same geological quality.

Oklahoma levies both a state income tax (4.75% rate on oil production income attributable to Oklahoma operations, though investor domicile matters for state tax filing) and a severance tax on production. Oklahoma's gross production tax on oil is generally 7%, though incentive rates apply for new horizontal wells in certain periods — rates have varied based on legislative changes, so current rates should be confirmed before any investment. For investors comparing SCOOP/STACK to Permian Basin programs, the combined Oklahoma tax burden represents a meaningful reduction in after-tax production income relative to Texas programs. This does not disqualify Oklahoma programs, but it is a factor that should be explicitly modeled in any economic comparison.

The Oklahoma Corporation Commission (OCC) maintains production and well records at occeweb.com. The OCC database covers Oklahoma well permits, completion reports, production records, and compliance filings. While the OCC's data is less immediately accessible than the Texas RRC's interface, it provides the same fundamental verification capability for operator track records. For any SCOOP/STACK program facilitated through our partner network, we walk investors through the OCC verification process and help them compare actual operator production to type curve projections — the same methodology we apply to Texas programs using the RRC.

Texas Oil Investments does not operate wells, manage funds, or act as a broker-dealer. Our role is to help accredited investors understand SCOOP and STACK oil investments, provide education around the opportunity, and facilitate introductions to vetted projects through our network of experienced energy industry partners. The operators and energy sponsors we work with structure and manage the investments, bringing decades of technical expertise. Our focus is access, education, and strategic connections — helping investors evaluate opportunities with experienced professionals while maintaining full transparency about our role.