Tuesday, December 18, 2012

Random Look At Four New EOG Wells Still On Confidential List

Updates

January 20, 2013: IPs are not yet provided but production runs are now available for these four wells. It appears natural gas pipelines are not yet run out to these wells:

20577, conf, EOG, Bear Den 19-2116H, Spotted Horn, middle Bakken, running north; short lateral but sundry form suggests 1280-acre spacing if approved by NDIC,

DateOil RunsMCF Sold
11-2012114300
10-2012154920
9-2012114060


20578, conf, EOG, Bear Den 18-21H, Spotted Horn, middle Bakken, sMarch 15; TD, April 3;  short lateral running south, but sundry form suggests 1280-acre spacing if approved by NDIC;

DateOil RunsMCF Sold
11-2012167410
10-2012225460
9-201291420


21688, conf, EOG, Bear Den 103-21H, Spotted Horn; sMay 22; TD, May23; Three Forks, short lateral running south, but sundry form suggests 1280-acre spacing if approved by NDIC; gas, 4,000 to 5,000 units with 5 - 10 foot flares:

DateOil RunsMCF Sold
11-2012133030
10-2012171500
9-201288420


21689, conf, EOG, Bear Den 104-2116H, Spotted Horn, short lateral, running north, Three Forks, but sundry form suggests 1280-acre spacing if approved by NDIC; running north:

DateOil RunsMCF Sold
11-2012151650
10-2012183950
9-2012173450


December 19, 2012: I posted this video a long, long time ago, but with the incredible Bear Den wells (see below), I thought it would be "fun" to post this video again, for those who may have missed it:
Bear Den Trucking, North Dakota Bakken


Original Post

A reader alerted me to these four wells, confirmed at the NDIC website. It appears that October was the first month of production; I did not see these wells on the September report.

These are short laterals, but the NDIC GIS map suggests they are sited in the middle of a 1280-acre spacing unit. They will come off the confidential list in late February/early March, 2013.
  • 20577, conf, EOG, Bear Den 19-2116H, Spotted Horn, monthly -15,492 bbls
  • 20578, conf, EOG, Bear Den 18-21H, Spotted Horn, monthly - 22,546 bbls
  • 21688, conf, EOG, Bear Den 103-21H, Spotted Horn, monthly - 17,150 bbls
  • 21689, conf, EOG, Bear Den 104-2116H, Spotted Horn, monthly - 18,395 bbls
For newbies, these are huge wells based on the IPs, but eventually they, too, will experience a decline. And, again, these are short laterals. One can't simply double these production numbers for a hypothetical long horizontal, but some might do that to get a rough idea how these would compare to a long horizontal.

It looks like, based on the legal names, two will be short laterals running north, and two will be short laterals running south; based on legal names, it looks like two will be Three Forks wells, and two will be middle Bakken wells, but simply a hunch. I could be way wrong.

These wells are very, very close to the "Helis" Grail to the west.

Interesting, and coincidentally, I was running through the share prices of various Bakken-centric producers earlier today; EOG was having a pretty good day, flirting with it's all-time high.

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read at this site.

1 comment:

  1. Lots moving. The week for deals?

    Utica hot.

    See GPOR MHR HK EVEP CHK PDCE REXX

    GPOR selling stock and debt, buying land. Stirred the pot.

    Anon 1

    ReplyDelete