Friday, September 10, 2010

Another Lackluster Hess Well

In today's (September 10, 2010) daily activity report, Hess reported an IP of 342 for EN-Skabo Trust-155-93-0631H-1 in the fairly productive Alger oil field.  The initial 45 day production was pretty good and then it dropped back the next 15 days suggesting Hess might be doing something more with this well.

The comments below are better than the posting.

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Update (further comments) -- September 14, 2010: the discussion continues regarding the Hess IPs (see comments). It has been pointed out that the IPs that Hess reports are based on some methodology involving a "60-day average."  So, repeating the above: Hess reported an IP (close to the 60-day average of 342 bopd).

From the September corporation presentation from Whiting. These are all of the wells that Whiting reported in the month of September, 2010, the IP, and the 60-day average:
  • Lahti 24-22H:  2,058; 953
  • Hansen 12-20H: 4,144; 982
  • Iverson 21-14H: 2,551; 1,056
  • Olson 11-14 TFH: 1,640; 601
  • Littlefield 12.34H: 1,942, 1,139
  • Lacey 12-1H: 3,445; 1,007
  • Fladeland 21-12H: 2,690; 1,109
  • Fladeland 44-9H: 2,301; 684
  • Jorgenson 12-27H: 2,893; 1,276