Friday, April 11, 2014

4Q13 New Wells Reporting Updated; Statoil With A Huge IP -- Almost 5,000 BOPD

I'm in the process of updating wells that were reported in 4Q13. When wells come off the confidential list, a lot of the better wells go directly to "DRL" status. Three to six months later, the well is completed, tested, and reported, so periodically, I need to go back and update previously reported wells.

I just noted this recently completed well:
  • 24360, 4,884, Statoil, Knight 35-26 2H, Banks, t12/13; cum 12K 2/14;
A couple points, especially for newbies:
  • scroll through the 4Q13 wells -- these are huge wells; and the cost of wells keep coming down
  • look at wells in the Banks oil field -- a source in the Bakken told me a couple months ago to keep an eye on the Banks oil field
  • look at some of the spectacular HRC wells in Antelope oil field
Meanwhile -- 

Question #9 over at the FAQ page: What is the record IP to date in the Williston Basin? 
Statoil reported an IP of 5,417 on September 26, 2013: #23992, Beaux 18-19 7H, Banks oil field.
Statoil reported an IP of 5,387 on July 19, 2013: #23387, Beaux 18-19 4H, Banks oil field. This might be a new record (this is the IP for crude oil only).
The initial production of any well, self-reported by the producer, is becoming less meaningful over time. Having said that, it looks like the record IP for a Bakken well is now 5,200a Newfield well (July, 2011): 18691, 5,200, NFX, Wisness Federal 152-96-4-2H, Westberg, Bakken.
Statoil reported on July 10, 2013: 23385, 5,070, Beaux 18-19 6H, Banks, t6/13; cum -- ; 7 days to drill the lateral; I did not see completion data; 31 swell packers planned; 
Two earlier wells: a Whiting well which had an IP of 4,761 boepd: file #17612, 4,761 boepd IP, Whiting, Maki 11-27H, Mountrail County, Sanish field.  This is still current as of February 20, 2010. Since then, BEXP claims to have set a record with the Sorenson 29-32 1-H, #18654, with a 24-hour flowback of 5,133 bopd. However, the NDIC reported an IP of 2,944. BEXP also reported the Jack Cvancara 19-18 #1H (this site is down) in the Ross project area with a 24-hour flowback of 5,035.
New record in the Bakken, November 3, 2011The Tarpon Federal 21-4H is a Whiting  Petroleum operated well and had a 24-hour initial production (IP) rate of 7,009 barrels of oil equivalent (BOE), setting a new Williston Basin record for a Bakken well.
Whiting said this was a record TFS well at the time, early 2012, file #20526, Smith 34-12TFH, 2,446, 102K in first 4.5 months.