Saturday, August 24, 2013

Oakdale Field Is Updated; One Well Less Than Two Years Old Closing In On A Million Barrels

I wonder what the naysayers who comment over at CarpeDiem would have to say about these oil wells in the Bakken.

Note: these wells are but two or three years old and they will produce for 39 years. 

This is the Oakdale oil field, Dunn County, just west of BR's huge Corral Creek field.

This is the field in which CLR is testing the LOWER benches of the Three Forks, but, of course, a whole lot more than just testing the lower benches is going on.

Look at this well -- still flowing on its own, no pump, 4-section spacing; at present rate, could hit 1 million bbls sometime in the next 9 months (in less than 3 years from spud):
  • 20210, 803, CLR, Whitman 2-34H, Oakdale, Bakken, t9/11; F; cum 783K 6/13; 24 stages; 2.4 million lbs sand/ceramic; middle Bakken; gas shows very, very high (of course);
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN6-201330251992520964426196206215575
BAKKEN5-201331277272776474028209282090
BAKKEN4-201330265392650364727828278280
BAKKEN3-201331253032542260825640256400
BAKKEN2-201328215242138952221714217140
BAKKEN1-201331227442273373524964238891075
BAKKEN12-201231315643166173732236322360
BAKKEN11-201230338023371195334549345490
BAKKEN10-2012313541735643112335484354840
BAKKEN9-201230360393607691037982379820
BAKKEN8-201231317193210183334770347700
BAKKEN7-201231368833698685338000380000
BAKKEN6-201230396693981390538128381280
BAKKEN5-2012314483143958100342516425160
BAKKEN4-2012304509945361104746380463800
BAKKEN3-201231438774371887544212442120
BAKKEN2-201229426674264683243010430100
BAKKEN1-2012315261652790113845573455730
BAKKEN12-2011315003849811128140488404880
BAKKEN11-201130388243898259231074310740
BAKKEN10-201131415714133978039458394580
BAKKEN9-201125290412872183523743689616847

And then this well (but just the last few months, so the post doesn't get unwieldy long):
  • 18275, single well, 1,020, CLR, Hawkinson 1-22H, t2/10; UPPER Three Forks, cum 505K 6/13; producing at 9K/month; yeah, huge decline rate. LOL; still flowing on its own; no pump; cased hole; 1.9 million lbs sand/ceramic; trip gas huge (of course)

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN6-20132067637305694822342333990
BAKKEN5-20133110000973497316137161370
BAKKEN4-2013299872993279212451124510
BAKKEN3-2013319357957360710290102900
BAKKEN2-20132880057781658863986390
BAKKEN1-2013319336940170873256725600
BAKKEN12-20123199239736757797879780
BAKKEN11-20123096609763717938693860
BAKKEN10-20123199809932732991399130
BAKKEN9-20123090559053648908590850
BAKKEN8-201231987310092742985398530
BAKKEN7-20123190568800635890189010

Notice how much flaring was done this past month. That tells you one thing: the system lacks capacity with all the other wells coming on line. The state needs more than just more pipelines; it needs gas gathering and processing plants. ONEOK.

I could watch this all day long:

Pipeline, The Chantays

Maybe I will.

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