Friday, November 16, 2018

Bakken Operators Showing An Interest In Three-Mile-Long Laterals? -- November 16, 2018

Updates

November 16, 2018: in the original post I mentioned super long laterals / extended long laterals / three-section laterals / three-mile laterals / triple-section laterals.

A reader suggests that we should watch Liberty Resources for these triple-section laterals.

At this post, I have posted the Liberty Resources permits/file numbers in descending permit order -- most recent permits at the top and then descending down to the older permits. The fourth column is the drilled depth. That column is blank until you get to permit #33712 because the wells have either not been drilled yet or they are not yet off the confidential list.

I could be wrong, but generally speaking, any well that has a reported depth of ~21,000 feet is a two-section lateral. A well with a reported depth of ~15,000 feet is a one-section lateral. To be a three-section lateral, I would expect a drilled depth of ~ 24,000.

As Lynn Helms noted, the Liberty Resources wells are not in the core Bakken but are located northeast of Williston, north of Tioga and White Earth, in the Powers Lake area.

Most of the other triple-section laterals of which I am aware go under the river, drilled by other operators.
  • 33473, 568, Liberty Resources, Jensen W 159-93-21-9-1MBHX, Gros Ventre, t7/17; cum 141K 9/18; a triple-section well: TD= 24,308
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-2018294318444513801696206962
BAKKEN8-2018314466438515106804008040
BAKKEN7-2018314984496415449845308453
BAKKEN6-2018305093503315925916709167
BAKKEN5-2018315976608016006996709967
BAKKEN4-2018306312639915554844508445
BAKKEN3-201831739073091916810424010424
BAKKEN2-2018266600658815966655205763
BAKKEN1-201831955794622234012003011003
BAKKEN12-20173110285106712320211849010902
BAKKEN11-2017291056510477240351075709874
BAKKEN10-20173113742137753155715202014167
BAKKEN9-20173014270142313685816114015168
BAKKEN8-20173116771168034505821956021728
BAKKEN7-20173117680174456197827022027022
BAKKEN6-201793185253161569458904589

Original Post 

Reported earlier but worth reporting again.

From twitter:

Link here. Data points:
  • North Dakota oil production averaged nearly 1.36 million b/d in September
  • production was up about 66,800 b/d from August and a new record for monthly output
  • September marked the fourth straight month for record-breaking oil output in North Dakota
  • there is currently 1.37 million b/d of pipeline capacity out of the Bakken, with another 250,000-275,000 b/d of crude-by-rail capacity
  • some lines are idled or operating below capacity, he said last week
  • and then this:
Helms said that September marked the first time in at least three years that oil increased more rapidly than gas as operators shifted out of core drilling areas in the state where the gas to oil ratios are relatively high, to new wells in Divide, Mountrail and Burke counties in northwest North Dakota. "Those areas had gone for several years without any drilling activity and now with the advent of the three-mile-long laterals and new completion techniques they're much, much more economic," Helms said. "We're starting to see a little moderation in terms of gas-oil ratios. We're seeing oil and gas synchronize a bit more."
I was unaware of the current interest in three-mile-long laterals. I've reported on a few in the past but haven't reported on any new ones. My hunch is that most of them are still conf or SI/NC.

See these tags below for three-mile laterals: "extended long laterals" and "super long laterals."

No comments:

Post a Comment