Friday, May 27, 2011

Why an IP is Just One Data Point -- One Well With An IP of 33 --> 140,000 Bbls To Date

Permits/Wells
  • 25133, loc, Whiting, Jurgens 41-13PH,
  • 23165, loc, Whiting, Duletski 41-13PH,
  • 22954, loc, Whiting, Dietz 11-18PH,
  • 22120, A, Whiting, Duletski 41-18PH, cum 22K 1/13;
  • 21975, 781, Whiting, Duletski 11-13PH, t3/12; cum 43K 1/13;
  • 21259, 270, Whiting, Duletski 21-13TFH, t7/12; cum 29K 1/13;
  • 20960, 476, Whiting, Kessel 41-17TFH, t1/12; cum 42K 1/13;
  • 20912, 653, Whiting, Duletski 11-16TFH, t5/12; cum 29K 1/13;
  • 20060, 258, Whiting, Binstock 21-30TFH, t7/11; cum 21K 1/13;
  • 20028, 707, Whiting, Duletski 21-16TFH, t6/11; cum 72K 1/13;
  • 19820, 843, Whiting, Dietz 21-17TFH, t3/11; cum 85K 1/13;
  • 19816, 202, Whiting, Paluck 21-28TFH, t4/11; cum 30K 1/13;
  • 19810, 741, Whiting, Dietz 21-18TFH, t7/11; cum 53K 1/13;
  • 19809, 222, Whiting, Arthaud 21-29TFH, t5/11; cum 26K 1/13;
Original Post

A reader recently alerted me to a couple of new permits in the Gaylord oil field.  The Gaylord oil field is a small field, located next to the very interesting Bell and Zenith oil fields near Belfield, North Dakota, in the southwest part of that state.

As noted, Gaylord is very small, not even one whole township; it is perfectly square -- four sections by four sections for a total of 16 sections. For such a small field, it is currently quite active with two rigs on site, and a third well nearing completion.

Two wells were spud in the Gaylord oil field in 2001 and 2002, both Madison wells:
  • 15134, 33, short lateral, Denbury Encore, Hanson 41-19, Madison formation, t8/01; cum 165K 1/13; still active, 1,000 bbls/month; and, 
  • 15302, 67; short lateral, Whiting, Hanson 41-24H, Madison formation, 20K bbls; permanently abandoned; test date 8/2002.
Something tells me Whiting will eventually go back to that Hanson 41-24H well.

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