Sunday, May 12, 2013

Wells Coming Off The Confidential List Monday; EOG, Whiting With Huge Wells; Also With Good Wells: Zavanna, ERF, And Fidelity

When you look at the wells below, some things to note:

1. Look at EOG's Fertile well, #22091. It is located in Parshall oil field. The Parshall oil field, when the Bakken boom began was (almost?) 100% 640-acre spacing. Now, the field is almost covered with overlapping 1920-acre spacing units. There are no -- repeat, no -- 2560-acre spacing units in the Parshall oil field, as far as I can tell. It appears most of the 1920-acre spacing units are L-shaped; there are very few lay-down or stand-up 1920's. An exception: #20037, #20038, #23958 which all run under the river; those three are "long reach" wells, over between 22,000 and 25,000 feet long (#23958 is still confidential). They are huge wells. The newest 1920-acre spaced well will be slightly longer than a standard long lateral, but not much. It is sited in section 4 and will end in section 10, and barely run through the southwest corner of section 3. One could argue it's nothing more than a "1280" except it picks up the oil that would be left behind in the corners of three sections if overlapping spacing was not allowed (in fact, it looks like it may come very, very close to the northeast corner of section 9 which is not in the spacing unit). The NDIC GIS map is a bit confusing because the spacing units don't line up with 3, 4, and 10, being a 1920-acre spacing unit. The Fertile well is still confidential, so I could be wrong on this, but that's how I see it. [After the well came off confidential: sections 3 / 4 / 10 -151-90.] The 1920-acre spacing unit in this area was #18844. If #22091 was drilled to pick up the oil that would have otherwise been left in the corners of three or four sections, this is a great argument for these overlapping units. Yes, one could have accomplished the same thing with small overlapping units, assuming the oil companies would have drilled on small spacing units.

2. The Whiting well should be a huge well for a Madison well (#22634). [updated below]

3. There was no production data for Slawson's Waterbondwell, but it should be huge when it's finally reported. [updated below]

4. I don't associate Foreman Butte as a particularly interesting field, so it's nice to see Zavanna with a huge well there. I think some folks will be surprised by how good Fidelity's Corpron well is going to be.

5. True Oil targets the Madison in Red Wing Creek, mostly vertical wells, so it will be interesting to see what this horizontal well is all about. It's other horizontal well in this section, a Madison well, was not particularly interesting.

So, here are the wells that should be reporting initial production numbers tomorrow.


Remember: the wells that came off the confidential list last Friday still need to be reported:

Monday, May 13, 2013
22091, 537, EOG, Fertile 51-0410H, Parshall, 50 stages, 10.4 million lbs sand; t11/12; cum 88K 3/13;
22314, 864, Zavanna, Browning 28-33 1H, Foreman Butte, t2/13; cum 27K 3/13;
22634, 204, Whiting, BSMU 3108, Big Stick, Madison, t1/13; cum 41K 5/15;
23133, 2,004, BR, CCU Prairie Rose 41-30 MBH, Corral Creek, t2/13; cum 4K 3/13;
23415, 1,202, Fidelity, Corpron 16-21-22H, Stanley, t11/12; cum 234 5/15;
23648, 2,725, BR, Copper Draw 24-22MBH 3SH, Johnson Corner, t7/13; cum 186K 5/15;
23769, 827, Slawson, Waterbond 5-27-34TFH, Van Hook, t7/13; cum 196K 5/15;
24060, 256, CLR, Colter 3-13H-2, Bear Creek, t6/13; cum 65K 5/15;
24209, 2,854, QEP, MHA 5-04-33H-150-92, Heart Butte, t5/13; cum 150K 5/15;

 Sunday, May 12, 2013
23371, 499, CLR, Atlanta 2-6H, Baker, t3/14; cum 38K 5/15;
23732, 1,078, Statoil, Boots 13-24 4TFH, Painted Woods, t7/13; cum 70K 5/15;
23741, 1,794, Statoil, Jerome Anderson 15-10 7TFH, Alger, t4/14; cum 80K 5/15;
23822, 697, Hess, HA-State 152-95-1621H-2, Hawkeye, t5/13; cum 139K 5/15;

Saturday, May 11, 2013
22102, 400, Petro-Hunt, Thorson 159-94-7A-18-4H, North Tioga, t5/13; cum 114K 5/15;
22664, 831, ERF, Arabian 149-93-29B-32H, Mandaree, t3/13; cum 161K 5/15;
23114, 626, Triangle, Gustafson 148-100-5-8-1H, Buffalo Wallow, t11/12; cum 36K 3/13;
23419, 1,556, Whiting, Becker 11-18PH, Bell, t11/12; cum 92K 3/13;
23420, 1,861, Whiting, Frank 14-7PH, Bell, t11/12; cum 94K 3/13;
23925, 1,624, Newfield, Staal 150-99-23-14-3H, South Tobacco Garden, t4/13; cum 165K 5/15;
24118, 670, True Oil, Gravos 42-13 13-14H, Red Wing Creek, t3/13; cum 8K 3/13;
24232, 1,678, XTO, Wood 21X-25AXB, Truax, t4/13; cum 158K 5/15;

Friday, May 10, 2013
21832, 795, OXY USA, Beatrice Kubischta 3-15-22H-143-96, Fayette, t11/12; cum 51K 3/13;
23731, 679, Statoil, Delorme 12-3 4TFH, Painted Woods, t7/13; cum 73K 5/15;
23768, 783, Slawson, Waterbond 7-27-34TFH, Van Hook, t7/13; cum 179K 5/15;
23777, 509, Triangle, Skesvold Trust 151-101-32-29-1H, Ragged Butte, t4/13; cum 123K 5/15;
24208, 2,573, QEP, MHA 7-04-33H-150-92, Heart Butte, t5/13; cum 176K 5/15;

****************************
22091, see above, EOG, Fertile 51-0410H, Parshall,

DateOil RunsMCF Sold
3-2013207018322
2-2013198057555
1-2013201557485
12-2012202597420
11-201265390

22314, see above, Zavanna, Browning 28-33 1H, Foreman Butte,

DateOil RunsMCF Sold
3-2013121281220
2-2013138620

 23415, see above, Fidelity, Corpron 16-21-22H, Stanley,

DateOil RunsMCF Sold
3-2013115834499
2-201348431302
1-2013120582941
12-2012222818124
11-2012166340

22664, see above, ERF, Arabian 149-93-29B-32H, Mandaree,

DateOil RunsMCF Sold
3-2013169160

23114, see above, Triangle, Gustafson 148-100-5-8-1H, Buffalo Wallow,

DateOil RunsMCF Sold
3-201373250
2-201334500
1-201380180
12-201271580
11-201291440

 23419, see above,Whiting, Becker 11-18PH, Bell,

DateOil RunsMCF Sold
3-20131616220285
2-20131510017341
1-20131383218893
12-20122712634475
11-20121925821440

23420, see above, Whiting, Frank 14-7PH, Bell,
 
DateOil RunsMCF Sold
3-20131844024821
2-20131450717343
1-20131697820557
12-20122721332986
11-20121912120158
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)