Wednesday, October 3, 2012

Random Update on Hauge 1-01H, #16965

Elsewhere, someone wanted an update on the following well:
  • 16965, 1,109, EOG, Hauge 1-01H, Parshall, t6/09; cum 383K 8/12;
The information is available at the NDIC website, but this level of information requires a yearly subscription ($50) which is totally worth it.

This is monthly data: the fourth column is oil production (bbls); the fifth column is oil sold (bbls); the sixth column is water (bbls); the last three columns have to do with natural gas -- mcf produced, mcf sold, mcf flared.

Notice how very little water this well is producing (good).

Notice how the production has stabilized at about 5,000 bbls/month; this well is paid for, by the way (very good).

Notice how there has been minimal flaring after the first year (good). 

BAKKEN8-2012315318550854335532000
BAKKEN7-201231545552555233042871279
BAKKEN6-20123053915398473175299333
BAKKEN5-2012315686569359349433390
BAKKEN4-2012305664567750354733970
BAKKEN3-2012316023602056332631710
BAKKEN2-20122956815887168299328480
BAKKEN1-2012316294609158341332580
BAKKEN12-2011316438643176355534000
BAKKEN11-2011306287627778363534850
BAKKEN10-201131685868685639833448380
BAKKEN9-2011306786677356386721431574
BAKKEN8-2011317346735970419719172125
BAKKEN7-20113174797492774136396516
BAKKEN6-201130760675938039983656198
BAKKEN5-2011317923791317340683759162
BAKKEN4-201130769478197340243717162
BAKKEN3-2011318955903099459444390
BAKKEN2-2011287809771282376636260
BAKKEN1-20113194419421100450843540
BAKKEN12-2010311012710054118496948140
BAKKEN11-2010301048110571150510949590
BAKKEN10-20103111809118362395670547639
BAKKEN9-201029115291135936850534809108
BAKKEN8-2010308877888724943443860338
BAKKEN7-20101027852927293136901325
BAKKEN6-201025101941049514149104640145
BAKKEN5-201031137801338019366295490984
BAKKEN4-20103015138151252106866662294
BAKKEN3-201031182181825839884428063225
BAKKEN2-201028171021712832475377143254
BAKKEN1-201029126121251241059655592230
BAKKEN12-200923100311015184245454184256
BAKKEN11-2009301255012547184575056000
BAKKEN10-200931152261515925063445959230
BAKKEN9-20093017336174103487104688272
BAKKEN8-200931195671974147667776372250
BAKKEN7-20092920786212071059695255911216
BAKKEN6-2009883957486335236012844718
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2 comments:

  1. AnonymousOctober 4, 2012 at 1:46 AM

    Wow.
    I pulled the data into a spreadsheet and did a little number crunching. Ignoring the gas, and assuming $90 price for all months (you can back that out and add in whatever average assumption you want), here's the gross revenue:
    first 3 months - 48,748 bbls @ $90 = $4,387,320
    next 12 monhts - 153,849 bbls @ $90 = $13,846,410
    next 12 months - 108,199 bbls @ $90 = 9,737,910
    latest 12 monhts - 71,881 bbls @ $90 = $6,469,290
    total income @ $90 = $34.44M
    That is a sharp dropoff, but in the last 12 months the drop is about 5 bopd.
    Wow.
    Gross revenue at least 3 times cost of drilling? Yeah, it's long since paid for itself.

    ReplyDelete
    Replies
    1. Bruce OksolOctober 4, 2012 at 8:21 AM

      That's why I love blogging. And I really the great links I get from all sources. The Bakken Shale Discussion Group is particularly good for interesting stories.

      Once a well is hooked up to pipelines, there is very little cost in maintaining that well. This well is good, but it's probably not atypical for Bakken wells; and some are much better.

      That's why I can hardly wait each day to see results of the new wells.

      Thank you for taking time to write.

      Delete

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