Friday, December 1, 2017

Jump In Production For Newfield's Moberg Wells, December 1, 2017

Folks receiving royalty payments from the Newfield Moberg wells should see a hefty jump in their checks over the next few months. This well was just completed:
  • 32058, 1,898, Newfield, Moberg Federal 149-95-29-32-14HLW, Bear Den, 4 sections; Three Forks, 62 stages, 6 million lbs, t8/17; cum 68K 9/17;
In addition to this great well, there are several neighboring wells:
  • 26027, 434, Newfield, Moberg Federal 149-95-29-32-11H, t12/13; cum 45K 10/17; this has been an awful well from the beginning but in the past two months, an increase in production has been seen, albeit still not a great well; see production data below
  • 20170, 2,939, Newfield, Moberg Federal 149-95-29-32-2H, t5/12; cum 428K 10/17; this one is back on line after the neighboring frack but did not show any increased production -- at least not yet;
  • 22198, 857, Newfield, Moberg Federal 149-95-29-32-3H, t5/12; cum 460K 10/17; it is still shut in (because of neighboring frack activity) but it looks like the kind of well that might be responsive to neighboring fracks

26027, 434, Newfield, Moberg Federal 149-95-29-32-11H, t12/13; cum 45K 10/17:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

But for mineral owners, if you've been seeing checks based on $45 oil and 600 bbls/month from this well, there should be a significant jump with $55 oil and 2,500 bbls/month.

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