Brooklyn oil field has been updated.
Brooklyn oil field has always intrigued me. I'm not sure why.
It's simply a square, non-descript, 36-section oil field, northeast of Williston, north of "1804" on the way out to the "lake."
It is "owned" by CLR and for reasons unclear to me, "he" has been drilling the heck out of this field. There is no urgency with regard to leases; the 36 sections are now all held by production.
For the longest time, there has always been one rig on this field. Today, while updating the field, I notice there are now three (3) rigs working this field. For such a small, non-descript field, in which all sections are now held by production, it is curious to see what appears to be "frenzied" activity. As best I can tell, there are no Eco-Pads, but section 10-155-98 does have seven wells sited on it, on the southern line. Only one of the wells is complete, and that horizontal is running north.
None of these wells look they will make the "monster list" of wells, but they must all be nice wells to explain this degree of activity. It appears they will all hit 150,000 bbls within the first two years. And they will continue to produce for 39 years, on average. The duration of production matters not as much as the EURs. In the better Bakken, EURs are now estimated to be 750,000 to 900,000 bbls; in the best Bakken, EURs of 1.5 million are being talked about. So far, no "dry" wells in the Brooklyn, and it would be hard to believe that any of these wells won't reach 500,000 bbls before it's all over (primary production).
But I'm still intrigued: three rigs on one little, non-descript, mediocre field?
