Bradaz updates some incredible wells.
February production numbers from the North Dakota Industrial Commission reveals four (4) wells that have produced 500,000 barrels of oil in a shorter time period than the Austin 6-15H.
At $40/bbl, 500K = $20 million; at $80/bbl, $40 million at the wellhead. (I have to keep checking the number of zeroes.)
A little background: there's been some side bets on which well is better, the Austin 6-15H or the Chandler James. Right now, it appears the Austin 6-15H is the one to beat, and that's why the interest in the four wells that produced 500K bbls of oil in a shorter time period than the Austin 6-15H.
According to the NDIC:
The Behr 11-34H, 17092, t6/08; produced 500,725 bbls in 591 days; as of 5/13 -- 919KFurther analysis:
The Austin 21-28H, 17227, t8/08, produced 504,554 bbls in 517 days; as of 5/13 -- 860K
The Austin 18-21H, 17222, s6/08, produced 514,353 bbls in 522 days; as of 5/13 -- 797K
The Chandler James 25-36H, 17263, s7/08, produced 500,234 bbls in 484 days; as of 5/13 -- 944K; no pump
Prorating February production, the Behr 34 did it in 590 days; the Austin 28 in 514 days; and the Austin 21 in 501 days.Other information (updated, July, 2013):
The Austin 28 is now producing over 1,000 bbls/day after a submersible pump was placed in December.
The Chandler James and the Behr wells are still flowing without a pump.
The PetroHunt USA 2D is now at 933,366 bbls with 586 bbls/day in January and will likely pass one (1) million barrel mark in four (4) years of production in September.
Behr 11-34H, permit 17092, Whiting, 3,027, Sanish oil field.The Behr and the three Austin wells are in the same immediate area of each other. There are going to be many more 500,000+ bbl wells in this area.
Austin 18-21H, permit 17222, EOG, 1,769, Parshall oil field.
Austin 21-28H, permit 17227, EOG, 3, 292, Parshall oil field.
Austin 6-15H, permit 16954, EOG, NR, Parshall oil field.
Chandler James 25-36H, permit 17263, Murex, 3,124, Sanish (on edge of the Parshall).
USA 2D-3-1H, permit 16059, Petro Hunt, see Charlson Field update for this, the most successful well to date in the current boom. Is now over 1 million bbls. See comment at this post.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.