Sunday, March 20, 2011

BEXP Has Another Gusher; A Wildcat East of Williston; Near Stockyard Creek -- Bakken, North Dakota, USA

The Bakken never fails to surprise me and I think that's why I like blogging about it. I liked looking for Easter eggs growing up; and, I like doing Sudoku puzzles, so maybe it all connects. Tracking the Bakken is a lot like both (looking for Easter eggs and filling in Sudoku puzzles).

Now that the Bakken inside the state of North Dakota has a three-year history, it is easier to compare wells among the various fields and among the various producers. Early on there in the North Dakota Bakken there was a discussion on the relevancy of IPs, but it seems that, although the jury is still out on the verdict, the evidence is pointing to an answer.

There is an interesting story being told just east of Williston in the Stockyard field. This is an extremely small field (only one township) but it is an extremely active area. I first wrote about it almost one year ago:
But this is what got me excited about the Stockyard Creek, and again, I have to thank a reader for sending me this information: at the link noted above, the writer noted that Gene 1-22H, #18009,  a Zavanna well in this field, section 22, has been completed and is flowing at 2,936 boepd. A second well on the confidential list, #18015, is also a Zavanna well, Grasser 1-26H, sited on the same pad as the Gene well but will be drilling NW to SE.  These two wells are on a pad exactly one mile south of the highway about midway through the field.
At the time, I noted that the field was 41 sections, all of one township except for section 36 and an additional 6 sections in an adjoining township on the northwest. Either I was mistaken at that time, or the field has been changed: according to the GIS map server, Stockyard Creek has now "lost" those "additional 6 sections" -- now part of the Epping field -- and has all of the township except sections 25, 31, and 36, for a total of 33 sections.

Just two miles to the west of this field, BEXP has a new well, and in hearing dockets for March 24, 2011, BEXP is requesting temporary spacing for that well (case 14359):
  • 19406, 3,761, BEXP, Knoshaug 14-11 1H, wildcat, spudded 9/10; tested 1/11 (four months between spudding and testing; again, weather and a fracking backlog; no work was being done in January)
This looks like another huge well for BEXP.  Apparently it produced more than 12,000 barrels in five days in January. At $75/barrel, that's almost $1 million in those five days.

As noted above, Zavanna has a nice well in the Grasser 1-26H, and, in general, it appears Stockyard Creek is going to have some nice wells, but again, BEXP comes through with a monster well (or at least it seems right now).


The Stockyard Creek needs to be updated which I will do later.