Thursday, June 20, 2013

Two Interesting KOG Re-Entry Wells

Updates

May 25, 2014: the "rest of the story" for the Two Shields Butte #18987 has now been told. Any updates will be tracked at that link. 

Later, 3:59 pm: The original post was "not ready for prime time." But I will leave it there. I'm not in the mood to re-do it. But I have pulled up the well files. Here some notes from the well files:

18987, 223, KOG, Two Shields Butte 14-21-16-2HS, t4/11; cum 119K 4/13;
  • Spacing is now listed as ICO. 
  • Fracked 2/21-27/13; 27 stages; 4 million lbs; all ceramics; middle Bakken, a horizontal re-entry..
  • ISP following that (first and only) frack: 2,061
  • Sundry, dated December 18, 2012: KOG notes plans to sidetrack and redrill this well.
  • First pump: 9/30/11.
  • Reached TD 10/16/10; not fracked; but producing; IP of 223
  • Spacing unit: E2 sections 21 and 16; 640 acres;
  • Production history for this well:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20133029922298701175619524687712557
BAKKEN3-20133039986396363353022340022251
BAKKEN2-20130000000
BAKKEN1-20130000000
BAKKEN12-201211750000
BAKKEN11-2012201478173130111801058
BAKKEN10-2012312354208120176001668
BAKKEN9-2012302050235928159601507
BAKKEN8-2012232184195327148201415
BAKKEN7-2012252176213419160101536
BAKKEN6-2012302516257644193901852
BAKKEN5-2012313038297859225702166
BAKKEN4-2012172043201728133301282
BAKKEN3-201225465615282630257
BAKKEN2-201229276527781606190301819
BAKKEN1-201231304230211913210602016
BAKKEN12-201131322232322933225902166
BAKKEN11-20112933283594774288502160
BAKKEN10-20111818091824197410870637
BAKKEN9-201121175117661818890364
BAKKEN8-2011312774290274116090834
BAKKEN7-201129255228361215810856
BAKKEN6-20113036503285410221901469
BAKKEN5-2011264007400611424701081712
BAKKEN4-201110171315351538630613
BAKKEN3-201110048000
BAKKEN2-2011132300000
BAKKEN1-20110000000
BAKKEN12-20100000890308453

21513, 23, KOG, Smokey 3-6-7-14HS, Bully, t2/12; cum 24K 4/13;
  • Date of first production after sidetrack: 3/9/12.
  • Sundry, dated December 18, 2012: KOG notes plans to sidetrack and redrill this well
  • Reached TD 11/24/11; fracked with 2 stages; 1.7 million lbs, all ceramics; IP of 23
  • Spacing: two sections, 1280-acres
  • Production history for this well:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2013301141311443153722017119911170
BAKKEN3-201320113621089420838764007581
BAKKEN2-20130000000
BAKKEN1-20130000000
BAKKEN12-20120000000
BAKKEN11-201211415830000
BAKKEN10-20120000000
BAKKEN9-201213503000
BAKKEN8-201220265440234137077
BAKKEN7-2012238087000
BAKKEN6-20121144040200
BAKKEN5-201271572633042504
BAKKEN4-2012222542805331750110
BAKKEN3-20120000000
BAKKEN2-20121232705691700134

Original Post 

This post is not ready for prime time.

It may be deleted later when I find an obvious error or mistake. But for now:

******************************

By the way, there is something going on with the KOG wells. I haven't pulled down the file reports but look at this.
  • 18987, 223, KOG, Two Shields Butte 14-21-16-2HS, Heart Butte, t4/11; cum 119K 4/13;
  • 21513, 23, KOG, Smokey 3-6-7-14HS, Bully, t2/13; cum 24K 4/13
Those are the WORSE IPs KOG has ever posted, and these are in the best spots in the Bakken.

But KOG is producing:

18987, see above, KOG, Two Shields Butte 14-21-16-2HS:

DateOil RunsMCF Sold
4-2013298706877
3-2013396360
12-2012750

 21513, see above, KOG, Smokey 3-6-7-14HS, Bully:

DateOil RunsMCF Sold
4-20131144319911
3-2013108940

In other words, these are HUGE wells for KOG, and yet their IPs were the worse possible.

It turns out these wells were drilled some time ago, and had lousy IPs. They were taken off-line for two to three months -- no one has said why -- what they were doing during these two months. Prior to taking them off line, they were producing 300 bbls/month.

After coming back on line, they were gushers, to 40,000 bbls/month in one case; and 11,000 bbls/month in the other case.

My hunch is that KOG drilled these wells a long time ago, but never fracked them (for all kinds of reasons) but they reported an IP before the wells were fracked. After fracking, the huge production.

The problem with that theory is that I have never seen an operator report an IP before the Bakken well was fracked. They simply carried it on the books as on DRL status.

I'm hoping the well files show something; if not, I will need Zeits or Filloon or a corporate presentation to explain what is going on.

But from 300 bbls/month to 40,000 bbls/month is absolutely incomprehensible.

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