St. Mary Land & Exploration Company (SM) recently updated its operations in the Woodford Shale. The company is not currently operating any rigs on its acreage due to low gas prices.
St. Mary Land & Exploration Company is completing four offset wells near an existing well in the Woodford Shale on 320 acre spacing. The purpose is to test the optimal spacing for future development of its acreage. The company said that all the acreage it has under lease in the Woodford Shale is held by production.