Friday, August 24, 2012

Helis: A Retrospective -- 100K in Six Months; 28 stages; 100% Ceramics; Three Forks Target; Pronghorn Discussed

My database suggests that Helis was issued its first permit in the current boom in 2007.

Here is the status of wells for permits issued to Helis in 2011. I think the narratives for several of the wells will give one an idea of the well design used by Helis, the formation target, etc.:
  • 20591, 2,656, QEP/Helis, Jones 4-15/22H, Three Forks, Blue Buttes oil field, t4/12; cum 586K 11/17; 28 stages; 3.4 million pounds; 100% ceramics; vertical hole, 137 hours; horizontal, 286 hours; 28 days total; middle Bakken 38' thick here; "recently the NDGS has reclassified the lower approximate 10' of the Lower Bakken Shale as a stratigraphically and litholgically distinct unit. The unit now referred to as the Pronghorn Member is present in Blue Buttes Field. The unit thickness is variable and in some wells the interval has not been observed.... gas show in the Three Forks was encouraging .. 1,000 to 1,500 units .. increased to 4,000 units... then to 6,500 units...10-20' trip flare...."
  • 20780, 2,190, QEP/Helis, Henderson 1-28/33H, Grail, t6/12; cum 495K 11/17;
  • 21052, 1,684, QEP/Helis, Moberg 15-22/15H, Three Forks, Grail, t12/11; cum 298K 11/17; 28 stages; 3.1 million pounds; 100% ceramics; vertical, 132 hours; horizontal, 199 hours; spud August 26; reached total depth on November 6 (the surface was spud August 26; the big rig did not re-enter until October 4), so about 32 days total drilling; Pronghorn about 6' feet thick in this well, but averages 10' in this area; 1,500 units of gas; 3 - 5' flares; 
  • 21054, 1,601, QEP/Helis, Veeder 1-27/34H, Grail, t2/12; cum 345K 11/17;
  • 21331, 2,164, QEP/Helis, Foreman 5-2/1H, Three Forks, Spotted Horn, t1/12; cum 368K 11/17; 28 stages; 3.4 million pounds proppants; 100% ceramics; vertical 144 hours; horizontal, 308 hours; 33 days total; "recently the NDGS has reclassified the lower approximate 10' of the Lower Bakken Shale as a stratigraphically and litholgically distinct unit. The unit now referred to as the Pronghorn Member is present in Spotted Horn and surrounding fields; the Pronghorn is approx 8 feet thick in the Forman well; in the Three Forks, gas units as high as 3,413 units; flares were 2 - 5' in height; a sustained 10 - 15' flare was burned for about 30 minutes near the end."
  • 21437, 2,256, QEP/Helis, Lawlar 16-8/5H, Grail, t4/12; cum 386K 11/17;
  • 21456, 2,014, QEP/Helis, TAT 13-35/26H, Grail; t7/12; cum416K 11/17;
  • 21521, 1,521, QEP/Helis, Dailey 4-12/13H, Spotted horn, t3/12; cum 419K 11/17;
  • 21564, 2,288, QEP/Helis, Levang Federal 14-21/16h, Blue Buttes;  t8/12; cum 649K 11/17;
For newbies: these are huge wells. It looks like many will hit 100,000 bbls in the first three months of production; all should hit 100,000 bbls in the first six months of production, or certainly come close. This is as good a string of wells that I have seen anywhere in the Bakken since I began following it in 2006.

QEP did their homework.

2 comments:

  1. Our company is under some of the Helis (Grail Field) wells. While they are very productive, some of the price tags are close to the $20 million mark. Even with these price tags, the Thompson; Lawler and Moberg wells will still pay out in a reasonable amount of time.

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    1. That is truly incredible: a) $20 million price tag; and, b) will stay pay out in a reasonable period of time.

      I didn't want to post it, but I thought the price tag for Helis wells might be very high. QEP said their non-ceramic wells were costing them $11 million. Helis uses 4 million pounds of ceramic. Huge cost.

      Thank you for taking time to write; it helps folks fill in the gaps in the Bakken.

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