Monday, May 6, 2019

Oasis Reports A Huge Aagvik Well In The Banks; Over 325K BOE In Less Than Five Months; Also, Huge "Halo" Effect -- May 6, 2019

The well:
  • 34037, 1,787, Oasis, Aagvik 5298 41-35 3BX, 50 stages; 9.9 million bls; Banks, t11/18; cum 219K 3/19; 
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20193131769322602737886655839272406
BAKKEN2-2019284380643880269851406911379602440
BAKKEN1-20193153601537823361615805014382313905
BAKKEN12-20183159173590194172914768310086046501
BAKKEN11-2018233102530408326071051082813076739


Total production:
  • MCF: 638,187 MCF = 106,347 boe
  • crude oil: 219,374 bbls
  • = 325,721 boe in less than 5 months
From the file report:
  • 8 miles north of Watford City, ND
  • fourth of five wells to be drilled north on this pad
  • the pad is set up as a 1280-acre spacing unit
  • target: middle Bakken
  • spud; then re-entered on April 2, 2017 (sic); most likely a typo, should be "2018"?
  • problems with the vertical; hole cemented back, and sidetracked
  • this sidetrack was deemed a failure
  • sidetracked again; this time successful
  • curved completed in 11.5 drilling hours
  • successfully deconflicted other wellbores in the area; lower Bakken shale
  • this horizontal was calculated to be about 7 feet TVD from another existing wellbore
  • reached TD on April 18, 2018
  • drilled from surface casing to total depth in 16 days
  • wellbore in the desired target interval for 64% within target
  • over/under passes were required to avoid hitting Aagvik 1-35H and the Lundeen 4-26H
  • no shale strikes
So, how did the Aagvik 1-35H and Lundeen 4-26H do?

The Lundeen 4-26H is still off-line. Will check back on this well in a few months.

But look a tthe Aagvik 1-35H that runs diagonally "across" the new Aagvik wells,
  • 17986, 501, Oasis, Aagvik 1-35H, 33-053-03008, Banks, t12/09; cum 213K 3/19; FracFocus, not re-fracked; full production profile at this post; huge "halo" effect; better than the "initial" production; 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20193114517143261103546044457340
BAKKEN2-20192813631136161079242137352426615
BAKKEN1-20197368033563350981159313810
BAKKEN12-20180000000
BAKKEN11-20180000000
BAKKEN10-20180000000
BAKKEN9-20180000000
BAKKEN8-20180000000
BAKKEN7-201824470559100102875632
BAKKEN6-20182052658701274105222
BAKKEN5-20180000000
BAKKEN4-20181535429119094277517
BAKKEN3-2018318168691802176184224
BAKKEN2-2018215766000144912390
BAKKEN1-201831785899240185515450

When I see things like this in the Bakken, I still find it amazing that companies like SM Energy exited the Bakken to go elsewhere. What were they thinking?

2 comments:

  1. SM Energy bought the Baytex wells in Divide county. The deal closed weeks before the Saudi created price collapse late 2014.

    Wells up around Crosby may not produce much. Wells spread out so costlier to pipeline may have been a factor too. API of crude around 39 and black, not good sweet crude in Tier 1 wells.

    I believe SM went back to the Eagle Ford.

    ReplyDelete
    Replies
    1. Yes, I was probably a bit too hard on SM Energy. I just remember the company's new headquarters office north of Williston and a story in the Williston Herald that they were staying in the Bakken for the long term, and then shortly after that, departed.

      Delete