Update on Monster Well: The Petro-Hunt USA 2D-3-1H -- #16059 -- Charlson Oil Field -- December 29, 2010

Locator: 10010PH_CHARLSON

Updates

November 16, 2024:

• 16059, 729, Petro-Hunt, USA 2D-3-1H, Charlson, t10/06; cum 2.014984 million bbls 9/24; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2024	30	1940	1929	663	8217	8008	0
BAKKEN	8-2024	31	2157	2107	912	9071	8855	0
BAKKEN	7-2024	31	1739	1836	1023	10252	10006	30
BAKKEN	6-2024	30	1652	1582	842	9601	9395	3
BAKKEN	5-2024	31	2330	2325	988	12726	12376	134
BAKKEN	4-2024	30	2140	2142	911	11502	11281	16
BAKKEN	3-2024	31	2023	2016	988	9421	8820	415
BAKKEN	2-2024	22	992	1004	510	5952	5810	60
BAKKEN	1-2024	28	1279	1337	301	8224	5961	2215
BAKKEN	12-2023	31	1708	1658	565	9993	9894	1
BAKKEN	11-2023	30	2409	2422	784	11061	10269	617
BAKKEN	10-2023	31	2845	2842	1123	11052	10823	13
BAKKEN	9-2023	30	3382	3337	1406	11101	10852	40

Original Post 

A reader sent me the NDIC production history for this well, which I have on my "monster well" page.

This well began production in October, 2006. Now, exactly four years later (October 2010), the cumulative oil production for this well is 1,064,957 barrels. At $50/bbl, that's $50 million at the well head.

The well has shown minimal decline rate and is currently down to 13,000 bbls/month. At $75/bbl, that's $12 million/year. The well has been paid for. If it's on a pump (and I don't know that it is), it costs a few pennies a day to run the pump, and if there's a pipeline to the well now, there's minimal trucking costs.  But even if the oil is still trucked out, it's a heck of a well.

And that's why oilmen keep drilling: hoping for the big one.

The nice thing about the Bakken / Three Fork Sanish: there is seldom a dry hole, so even the less productive wells eventually pay for themselves and provide cash flow in the meantime. Can you imagine what it would be like if three out of ten wells were dry?