The permit numbers and names of the wells when drilled:
- 19983, EN-Ruland A-155-94-1201H-1
- 19985, EN-Dobrovolny A-155-94-1324H-1
- 19987, EN-Ruland A-155-94-1201H-2
- 19988, EN-Dubrovolny A-155-94-1324H-2
- 19989, EN-Rualnd A-15-94-1201H-3
- 19990, EN-Dubrovolny A-155-94-1324H-3
See this link for update on these six wells and Manitou oil field.
Interesting.....
ReplyDeleteHess continues to plant these multi pad wells - yet the ones they are coming in with on production have really VERY poor production numbers.
Wonder why they are still doing it?
rory
Yes, I agree. The IPs or "24-hour backflow" numbers are mediocre. I suppose there could be reasons that Hess is "aiming" for these numbers, but to me, it does not make sense.
ReplyDeleteIf the one-year cumulative figure is similar to those of other producers (BEXP, WLL, CLR), then, of course, it does not matter at all. I think the one-year, and five-year, cumulative numbers are most important. I don't see these numbers unless someone else happens to publish them since I don't subscribe to premium services at NDIC.
In a year or so, I will probably subscribe to such services so I can see what the cumulative wells are doing.
On another note, I can't thank you enough for all the date you've sent me over the past few months. Thank you.
Bruce, candidly because of my total lack of expertise about the efficiency, environmental safety issues, decline of annual production and duration of production, etc. of the different methods of oil shale well drilling procedures used by the oil producers’ drilling wells in the Bakken basin, I’ve avoided commenting on HESS’ average “lack luster” IP well results. FWIW, a June 29, 2010 article that described HESS’ dual laterals drilling results as impressive stated that HESS said “the economics of this are beneficial since it takes less surface equipment, fewer verticals, and they can be drilled from a pad. see http://info.drillinginfo.com/urb/bakken/operators/2010/06/hess-using-dual-laterals-in-the-bakken/ Also see Bakken wells, where are they now? by jbirmingham at http://info.drillinginfo.com/urb/bakken/
ReplyDeleteThe following November 1, 2010 OGJ article based on HESS’ 3Q10 earnings conference call repeats the economic drilling stats of the June 29, 2010 article which HESS appears to continue to be emphasizing in its “dog and pony” oil analysts’ presentations. See page 9 of HESS 27pg slide presentation at 11/10/10 Bank of America/Merrill Lynch Global Energy conference at
http://www.veracast.com/webcasts/bas/energy2010/id22815700.cfm (Note that HESS’ 2015 net Bakken projection target of 80MBOED does not include any projected AEZ Bakken well production.)
Hess plans to add another rig to Bakken play - Paula Dittrick OGJ Senior Staff Writer
HOUSTON, Nov. 1 -- Hess Corp. plans this month to add another rig to its 9 rigs already working in North Dakota’s Bakken oil play in the Williston basin, executives told analysts during a third-quarter earnings conference call. John Hess, chairman and chief executive officer, said “Current net production from the Bakken is approximately 18,000 boe/d, with nine rigs working. We plan to add one additional rig in November and expect to exit this year with net record production of about 20,000 boe/d.”
He expects to close by yearend on the previously announced acquisition of American Oil & Gas. AOG’s operations are largely concentrated in the Bakken and Three Forks formations in North Dakota. Greg Hill, president of Hess worldwide exploration and production, said well costs for Hess in the Bakken are about $11 million each for a dual lateral with a EUR of about 1 million bbl per dual lateral. “Our 30-day average IP rates are around the order of 400 to 500 b/d per lateral from 18-stage fracs,” Hill said.”
Executives acknowledged Hess has acquired a net interest of 75,000 acres in the Eagle Ford oil and gas play in south Texas where it plans to drill a well in November. The company plans to continue trying to acquire additional acreage there, Hill said. Hess also believes it might be able to use its expertise gained from the Bakken formation in unconventional plays worldwide. Hill said Hess and its partner Toreador Resources Corp. plan early next year to start drilling in France’s Paris basin for shale oil.
In China, Hess has signed a memorandum of understanding with Petrochina to examine possibilities in Daqing field. Contact Paula Dittrick at paulad@ogjonline.com.
http://www.pennenergy.com/index/petroleum/display/4507213713/articles/oil-gas-journal/drilling-production-2/2010/11/hess-plans_to_add.html
Also see American Oil and Gas (AEZ) 11/15/10 Press release for a table that presents a detailed current status of AEZ's oil and natural gas drilling, completion and Bakken production operations, setting forth its average initial, and 30, 60, 90, 120 and 150 days boe rates, plus total to date cumulative production for 3 of AEZ’s wells. At
http://www.marketwatch.com/story/american-oil-gas-reports-3rd-quarter-2010-financial-results-and-provides-operations-update-2010-11-15?reflink=MW_news_stmp
The big question is whether IPs / 24-hour backflows have any relationship to the total ultimate recovery of a particular well.
ReplyDeleteWe will not know for several years. The oldest wells in the current boom were drilled in 2006, but only recently have they gone to multi-stage fracturing, and I still don't think there is any consensus on optimum number of stages or mix of proppants. And, of course, the geography of every well is different.
CLR, perhaps the "face" of the Bakken, clearly states that "IPs Correlate with Higher EURs." CLR could not be an clearer. That is the title of slide number 37 of the 79-slide presentation by CLR for the Investor Day 2010 Conference.
You can access the presentation at the CLR website: http://phx.corporate-ir.net/phoenix.zhtml?c=197380&p=irol-presentations.