Tuesday, May 8, 2012

Dickinson Studying the Effects of the Boom -- The Bakken, North Dakota, USA

 A Whiting well with 210,000 bbls in one year in the Dickinson area

Updates

June 25, 2012: Wow, these are some good wells; I have been following this area for quite some time. This is a string of wells, running west to east, north of Dickinson area, in the Park and Bell oil fields (some of these wells are reported elsewhere, also).
  • 20404, 1,606, Whiting, Pronghorn Federal 21-14TFH, Park, t10/11; cum 52K 4/12;
  • 20131, 1,343, Whiting, Pronghorn Federal 34-11TFH, Park, t10/11; cum 50K 4/12;
  • 20504, 2,696, Whiting, Pronghorn Federal 21-13TFH, Park, t12/11; cum 79K 4/12;
  • 20526, 2,446, Whiting, Smith 34-12TFH, Park, t9/11; Park; cum 132K 4/12;
  • 19444, 3,106, Whiting, Hecker 21-18TFH, Bell, cum 210K 4/12
  • 20828, DRL, Whiting, Frank 34-7TFH; Bell; 27K in January; 33K in February; 30K in March; 19K in April; no IP reported yet;
  • 20893, 2,805, Whiting, Mastel 41-18TFH, Bell,  t11/11; cum 135K 4/12; 30 stages; 2 million lbs; 
  • 22167, conf, Whiting, Frank 44-7PH, Bell; 18K in Apr 2012; no IP reported yet
  • 21018, 1,517, Whiting, Obrigewitch 11-17TFH, Bell; t12/11; cum 93K 4/12; 24K in December, 2011; 21K in January, 2011; 18K in February; 16K in March, 2012; 
  • 22372, drl, Whiting 3J Trust 24-8PH, Bell, s4/12;
  • 19623, 1,075, Whiting, Obrigewitch 21-17TFH; 138K, Bell, 7 stages, 7,000 lbs (no typo); s11/10; t4/11; cum 169K 4/12; F
  • 20795, drl, Whiting, 3 J Trust 34-8PH, Bell,
  • 22864, loc, Whiting, Buckman 34-9PH, Bell,
  • 22865, drl, Whiting, 3 J Trust 44-8PH, Bell,
  • 20079, 2,760, Whiting, Obrigewitch 21-16TFH, Bell, t2/12; cum 117K 6/12; 
  • 22285, drl, Whiting, Buckman 44-9H, Bell,
  • 22287, drl, Whiting, Obrigewitch 41-16PH, Bell,
  • 19891, conf, Whiting, Cymbaluk 21-15PH, Bell,
  • 22283, conf, Whiting, Cymbaluk 11-15PH, Bell,
  • 22094, drl, Whiting, Lydia 41-14PH, Bell,
  • 21655, drl, Whiting, Solberg 34-11PH, Bell,
  • 22594, drl, Whiting, Solberg 44-11PH, Bell,
  • 18837, 1,780, Whiting, Kubas 11-13TFH, Bell, t9/10; cum 97K 4/12;
  • 22169, conf, Whiting, Solberg 14-12PH, Bell,
  • 21895, conf, Whiting, Kubas 34-12PH, Bell, 7K (Mar); 2K (Apr)
  • 20695, conf, Whiting, Solberg 34-12TFH, Bell, 6K (Mar); 3K (Apr)
  • several more
  • 21527, DRL, Whiting, Buresh 34-10TFH, Dutch Henry Butte; 21K in February, 2012; 11K in March; 8K in April; no IP reported yet;

Original Post
Link here.

It's a fairly long article on the oil boom in the Dickinson area, southwest North Dakota. Much of the article has to do with the issue of housing.

This is my favorite line from the article:
"It will take more than a couple of months to catch up to the housing demand."
Williston has been at the center of the boom for five years now, and a housing shortage persists despite record amount of home building and temporary housing having been added. So, yes, I expect it will take "more than a couple of months" to catch up on the housing demand in Dickinson. The tea leaves tell me the boom is yet to take off in the Dickinson area.

We are only starting to see examples of the wells that will be reported in the Dickinson area such as the one reported yesterday:
  • 20672, 2,499, Whiting, DRS Federal 24-24TFH, Park oil field; t11/11; cum 65K 3/12.
Park oil field is about 20 miles due west of Dickinson on I-94. 

Here's another one, in Bell oil field, just east of Park oil field:
  • 19444, 3,106, Whiting, Hecker 21-18TFH, Stark County; 2.4 million lbs, all sand; t3/11; cum 210K 3/12;
We've yet to see if the TFS will stand the test of time, but early indications are: the TFS will live up to its hype in some areas of North Dakota -- and it looks like it may center around Dickinson. Yes, I would say that it will take more than a couple of months to catch up with the housing demand.

I have updated permits in Stark County.

Note the incredible number of Whiting wells on DRL status, and then look at these incredible wells that have not yet reported an IP. My understanding was that IPs need to be reported within 30 days of the end of the month in which the well was completed/fracked/tested:
  • 20828, DRL, Whiting, Frank 34-7TFH; Bell; 27K in January; 33K in February; 30K in March, 2012; no IP reported yet;
  • 20893, 2,805, Whiting, Mastel 41-18TFH, Bell,  t11/11; cum 117K 3/12; 30 stages; 2 million lbs; 
  • 21018, 1,517, Whiting, Obrigewitch 11-17TFH, Bell; t12/11; cum 93K 4/12; ; 24K in December, 2011; 21K in January, 2011; 18K in February; 16K in March, 2012;
  • 21527, DRL, Whiting, Buresh 34-10TFH, Dutch Henry Butte; 21K in February, 2012; 11K in March; 8K in April; no IP reported yet;
  • 19623, 1,075, Whiting, Obrigewitch 21-17TFH; 138K, Bell, 7 stages, 7,000 lbs (no typo); s11/10; t4/11; cum 162K 3/12; F
It looks like the Obrigewitch and the Frank wells will be quite interesting [posted before the IPs were known].

2 comments:

  1. Whiting actually did report IPs for some of these wells in the Dickinson area already.

    http://www.thestreet.com/story/11429716/7/whiting-petroleum-corporation-announces-fourth-quarter-and-full-year-2011-financial-and-operating-results.html

    ReplyDelete