Monthly Costs For Maintaining An Active Well; Did Ballard Get A Madison Well North Of Glenburn? If So, The Third Time's A Charm

Some time ago a reader asked a very general question. I thought it was too general to be able to get a good answer, but another reader provides a very nice response. The original question, over at the "Discussion Group" asked about the average cost of maintaining an active well. This was another reader's response:

Most companies estimate production costs at $6,000 to $8,000 per month per well...or $70,000 to $100,000 per year.  

Keep in mind that a majority of wells require a week or more of maintenance each year with a workover rig with support equipment and crew at $10,000 plus per day.  

You also have significant power costs in addition to general lease operations. A 6-8 well pad could easily require $750,000 to $1 million per year to keep everything in top
condition to maximize production without any major operational downhole problems. 

This is very, very much appreciated. Thank you.

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Does Ballard Have A Productive Well North Of Glenburn?

On a completely different note, another reader over at the "Discussion Group" reports that  a local farmer from the Glenburn area says that Ballard Petroleum struck oil north of Glenburn. There is a Ballard wildcat north of Glenburn:

• 27319, 600, Ballard Petroleum, Fines 24-19, wildcat, north of Glenburn, 19-159-81; Chatfield, Madison pool, t6/14; cum 137K 5/17;

A bit further north there are to more Ballard wildcats:

• 27703, conf, Ballard Petroleum, Mddaugh 33-23, wildcat, north of Glenburn, 23-160-81,
• 27704, conf, Ballard Petroleum, Drovdal 13-2, wildcat, north of Glenburn, 2-160-81,

Ballard Petroleum has five permits in North Dakota. The first two permits: two wells drilled in 2012 -- both dry, both Madison wells.