Thursday, December 29, 2011

Follow-Up of Wells -- The Bakken, North Dakota, USA

At the bottom of the blog are labels/tags. One of the labels I find useful is "follow-up." For the December, 2011, follow-up, here are the results:
  • 18922, 473, Dakota-3 (WMB), Dakota-3 Skunk Creek 1-12H, (South Fork field), 19,354 bbls in first 14 days. It's first production was 6/15/11; s9/10; t6/11; F; cum 114K 10/11
  • 19623, 1,075, Obrigewitch 21-17TFH, s11/10; t4/11; F; cum 126K 10/11
It really is amazing. Look at these wells. One was completed/tested in June, 2011, and by October, 2011, it had produced more than 114,000 bbls of oil; the other was completed in April, 2011, and by October, 2011, it had produced 126,000 bbls of oil. 

At 100,000 bbls, Bakken wells are well on their way to paying for themselves; after that, continued costs are relatively minimal. And Williston Basin wells can produce for 30 to 50 years. 

Once updated, I remove the tag.

Here's another one that needed updating:
  • 19057, 4,106, BEXP, Domaskin 30-31 1H, Alger, Bakken; 7/10; t10/10; cum 184K 10/11. 
This well has produced almost 200,000 bbls since being completed about a year ago. Very nice. The Alger field. And it's gonna keep producing for 30 years; with a few refrackings and EOR.

For Investors Only -- Some Financial News Links -- Searching KOG, CLR, WLL, and ENB

Moved to the top, based on comment below: The Motley Fool review.

Other links:

Six great stocks for 2012,
  • Pozen, Lucas Energy, Samson Oil and Gas, Gyrodyne (real estate), Pacific Ethanol, and KOG
Sell-side firm goes negative on KOG,
  • My first thought when reading the short article: Where's the beef?
The top 15 energy stocks of 2011, Motley
  • The only one of the 15 that interested me was KOG, and maybe ONEOK

Eight (8) New Permits -- The Bakken, North Dakota, USA

Daily activity report, December 29, 2011 --

Operators: CLR (3), Whiting (2), Chesapeake (2), Hess

Fields: Banks, Sanish, Camp, Ellsworth --- all in the bull's eye of the Bakken.  All four of these are on my "top ten most interesting fields." Banks and Camp are east of Indian Hill; all three will be center of activity in 2012.

Chesapeake has two wildcats: one in Stark County; one in Hettinger County.

For newbies, Hettinger is seeing activity for the first time in the last couple of months.  This county is in the south of North Dakota, well east of historical activity.

Ten (1) wells released from "tight hole" status, including these:
  • 19687, 1,919, Whiting, Clemens 34-9TFH, Billings
  • 20928, 937, CLR, Stockton 1-28H, Williams 
Two of the ten were placed on DRL status waiting to be completed/fracked.

A well on DRL status reported:
  • 20050, 1,226, MRO, Red Feather USA 31-17H, Mountrail
North Plains reports another "producing or plugging" well (which will be a KOG well)
  • 19857, conf, North Plains Energy, Wood 5-15H, Williams

Amount of Fracking Sand Used To Frack A Well -- The Amounts Can Be Staggering

A reader sent me this comment at this post and I've posted it here so it is not lost:
You are correct on the amount of sand used in Brigham vs other wells in the Bakken.

Of the 4 million pounds of sand Brigham was using, a mixture of 1.5 million ceramic and 2.5 million nautural per well on a zipper frac or a total of 8 million (3 million ceramic and 5 million nautural sand).

I wonder what the Utica will end up with pounds of sand per completion. A HB supervisor I spoke with said in the Barnett he regularly used upwards of 8 million pounds per well and the largest being 12 million pounds
I find that incredible.

New Field Added to My List of Ten Most Interesting Fields -- The Bakken, North Dakota, USA

I have added the Dublin/Marmon fields to my list of 10 most interesting fields (combining the two for this purpose).

Based on a note from a reader and looking at the Dublin again, it looks like there could be three very active plays: the Red River, the Madison, and the Bakken.

The Dublin field update is here and updated a bit.