Monday, June 29, 2020

A Peregrine Petroleum Partners Larson Well In Covered Bridge Oil Field; Outside Of Tier 1 -- June 29, 2020

The well:
  • 36558, 301, Peregrine Petroleum Partners, LTD, Larson 15-10 1H, Covered Bridge, t9/19; cum 111K 4/20;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

The graphic:

From the file report:
  • December 3, 2019: switched over from flowing to ESP pump. 
  • August 18, 2019: stimulated; 25 stages; 4.98 million lbs proppant;
  • 30 miles south of Arnegard, ND, southern McKenzie County
  • a single middle Bakken lateral;
  • spud July 22, 2018
  • vertical hole completed with three assemblies
  • about 64 hours down time
  • KOP reached on August 2, 2019 
  • completed with one assembly
  • curve successfully landed at 11,048; MD and 10,520' TVD, appox 10' below the upper Bakken shale on August 2, 2019
  • lateral completed using four assemblies
  • during the second trip, the lower Bakken shale was contacted at a depth of 17,128'. Since the lower Bakken shale is relatively thin in this portion of the Basin, the directional team was able to safely slide out of the shale; no adverse effects noted;
  • third and fourth trips unremarkable
  • gases: middle Bakken, ranged from 5,900 (sic) to 1300 units while several shows exceeded 700 units (sic)
  • trips were accompanied by 15' to 30' bright orange flares
  • background gas in the lateral ranged fro 300 to 5500 units;
  • ideal drilling zone was 8' thick, beginning 8.5' into the middle Bakken and ending 4.5' above the lower Bakken shale
  • the lateral was drilled in 7.5 days from casing exit to total depth
  • surface casing to TD; 23 days
  • 84% of the lateral was within target; opening 9,960' of potentially productive reservoir rock
At the sidebar at the right, click on "heat map of the Bakken":
area 8: west McKenzie; does not appear to be Tier 1; maybe not even Tier 2.

This "Covered Wagon" well took awhile to drill but not out of the ordinary
  • note the "small" frack: 25 stages; 5 million lbs proppant
  • big flares; moderate background gas
Two other wells in immediate area of interest:
  • 27970: an older well; "dry" for all intents and purposes
  • 32701, 443, Peregrine Petroleum Partners, Burlington Fee 9-16-1H, Hay Draw, t7/18; cum 192K 4/20; off line 4/20; stimulated July 16, 2018, 25 stages; 4.87 million lbs;  
My two cents worth: there's a lot of work left to be done in the Bakken; at the right price, this area could be Tier 1, and with improved completion strategies, more experience, and even at these prices, this area might be a pretty good area -- which, if accurate -- speaks volumes about the Bakken.

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