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Saturday, October 23, 2010

A Well of Great Interest

Updates

March 8, 2012:
  • 18200, 1,658, Fidelity, Kinnoin 24-13H, Sanish Field, Bakken, s6/10; t9/10; Al; cum 293K 1/12; it was taken off-line for the entire month of September, 2011; and it produced only 20 days in August, 2011; and, 10 days in June, 2011. Huge well. 
Original Post

If I had to pick one well that I am most interested in, it might be this one (certainly, it would make my top ten list): file number 18200, MDU's Kinnoin 24-13H, sitting right on the eastern edge of the Sanish, almost in the Parshall. It's location: 24-154-91.

It's been a long time waiting for this one, but it comes off the confidential list on December 11, 2010.

Why the interest? It sits across the section line -- 633 feet north of Murex's Chandler James well, file number 17263. If that name sounds familiar to you, maybe that is because you remember the post about the Chandler James as being one of the best Bakken wells ever. As of September, 2009, it had produced in excess of 381,000 barrels of oil after one year of production. Its IP was slightly more than 3,000, but had minimal decline rate. It produced almost 35,000 barrels of oil in its first full month; one year later (September, 2009) it produced 38,325 barrels/month. That is not a typo. One year later, it was producing more in one month than it did the first month of production. I don't subscribe to any NDIC premium services so I don't have current figures.

It will be interesting to see how the Fidelity well goes.

By the way, for newbies, to put this one-year production of 380,000 barrels into perspective. The best wells in the Sanish and the Parshall are expected to produce up to 900,000 barrels total over the lifetime of the well. The Murex Chandler James nearly hit the halfway mark after one year. In addition, early reports out of the Niobrara (but, obviously way too early for any meaningful estimates) suggest that the Niobrara wells may have an estimated ultimate recovery (EUR) of "a quarter million barrels of oil." That sounds like a lot -- a quarter million -- but that's "only" 250,000 barrels. In another Niobrara case, "they" are excited about a well that might yield 150,000 barrels of oil overs its lifetime.

Updates

Update, October 23, 2010: After posting the note above, Rory was very, very nice to send me an update of the Chandler James well. See first comment below:
  • Cumulative oil, less than 2 years: 585,000 barrels
  • At $50/bbl = $29 million at the well head (one well)
  • For most recent month reporting, the well produced / flowed for only 13 days, and still produced almost 14,000 barrels, which is more than 1,000 barrels/day. The Chandler James is a long lateral.
Once a well comes on line, the producer/operator plays a role in how much oil will be produced; the wells are not on auto-pilot.

2 comments:

  1. Here's the production of the well:

    Hopefully it will come out
    Rory


    NDIC File No: 17263 API No: 33-061-00741-00-00 CTB No: 117263
    Well Type: OG Well Status: A Status Date: 10/10/2008 Wellbore type: Horizontal
    Location: NENE 25-154-91 Footages: 300 FNL 570 FEL Latitude: 48.1380230233683 Longitude: -102.312036010425
    Current Operator: MUREX PETROLEUM CORPORATION
    Current Well Name: CHANDLER JAMES 25-36H
    Elevation(s): 2332 KB 2311 GL Total Depth: 19230 Field: SANISH
    Spud Date(s): 7/4/2008
    Casing String(s): 9.625" 2129' 7" 10055'
    Completion Data
    Pool: BAKKEN Perfs: 10055-19230 Comp: 10/10/2008 Status: F Date: 10/17/2008 Spacing: 2SEC
    Cumulative Production Data
    Pool: BAKKEN Cum Oil: 585721 Cum MCF Gas: 245306 Cum Water: 3794
    Production Test Data
    IP Test Date: 10/17/2008 Pool: BAKKEN IP Oil: 3124 IP MCF: 2011 IP Water: 311
    Monthly Production Data
    Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare
    BAKKEN 8-2010 13 13929 13741 914 3046 3046 0
    BAKKEN 7-2010 29 12479 12728 82 0 0 0
    BAKKEN 6-2010 25 6734 7143 206 1419 1419 0
    BAKKEN 5-2010 31 12199 11575 74 6068 6068 0
    BAKKEN 4-2010 30 18751 18925 67 9592 9592 0
    BAKKEN 3-2010 31 21395 22002 67 0 0 0
    BAKKEN 2-2010 28 20992 20786 50 10242 10242 0
    BAKKEN 1-2010 31 18173 18352 23 9085 9085 0
    BAKKEN 12-2009 23 20106 19617 57 10859 10859 0
    BAKKEN 11-2009 29 22025 22961 66 12131 12131 0
    BAKKEN 10-2009 31 37584 37274 138 21062 21062 0
    BAKKEN 9-2009 30 38330 38627 293 22059 22059 0
    BAKKEN 8-2009 31 30948 29657 94 17874 17874 0
    BAKKEN 7-2009 31 37491 37979 160 20938 20938 0
    BAKKEN 6-2009 30 37753 38103 199 19570 19570 0
    BAKKEN 5-2009 31 31617 31334 109 12228 11608 0
    BAKKEN 4-2009 30 34330 33860 228 16512 15912 0
    BAKKEN 3-2009 28 33666 33661 109 14281 13861 0
    BAKKEN 2-2009 25 25636 25088 51 7531 7156 0
    BAKKEN 1-2009 21 13244 14035 73 5430 0 5430
    BAKKEN 12-2008 30 36118 35059 226 0 0 0
    BAKKEN 11-2008 30 27039 27769 508 11086 0 11086
    BAKKEN 10-2008 24 34862 32909 0 14293 0 14293
    BAKKEN 9-2008 1 320 0 0 0 0 0
    BAKKEN 8-2008 0 0 0 0 0 0 0
    BAKKEN 3-2008 0 0 0 0 0 0 0
    BAKKEN 2-2008 0 0 0 0 0 0 0
    BAKKEN 1-2008 0 0 0 0 0 0 0

    ReplyDelete
  2. It posted perfectly. Thank you.

    Cumulative oil in less than two years: 585,721.

    Production per month now includes monthly goals of the producer. In August, 2010, most recent month reported, note that the well was flowing / producing 13 days. With 14,000 barrels in those 13 days, the daily rate can still exceed 1,000 bbls per day. At $50/bbl, this exceeds $29 million at the wellhead.

    Thank you very much for providing this update. Much appreciated.

    ReplyDelete

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