Is the Spearfish All That Great? Who Knows, But Look at a Few Newburg Oil Field Wells

More on Newburg field later. For now, just to give one an example of some vertical Spearfish wells in the Newburg field.

• 2361, 44, Hess, Newburg-Spearfish-Charles Unit K-713, 788,885, spudded in 1959, still producing nicely, on a pump
• 1566, IA/209, Hess, Newburg-Spearfish-Charles Unit P-712, 597,595, spudded in 1957, water injected; last produced 11/80
• 1505, WI/102, Hess, Newburg-Spearfish-Charles Unit O-711, 129,799, spudded in 1957, water injected; last produced 7/67
• 2039, 50, Hess, Newburg-Spearfish-Charles Unit L-714, 283,366, spudded in 1958, on a pump
• 2127, 34, Hess, Newburg-Spearfish-Charles Unt H-714, 619,676, spudded in 1959, on a pump
• 1978, 61, Hess, Newburg-Spearfish-Charles Unit P-718, 371,835, spudded in 1958, on a pump
• 1778, 31, Hess, Newburg-Spearfish-Charles Unit L-716, 428,989, spudded in 1958, on a pump

Compare these 2-digit IPs with Bakken IPs of 1,000 to 3,000 bbls.
Also, note that most Bakken wells will reach 100,000 bbls within three years of spudding; great Bakken wells will reach 100,000 in less than a year
Average price of oil since the 1950's has been fairly low compared to current $100 oil
These wells continue to produce after 40 years; they say the Bakken wells will produce 25 - 30 years
Yes, there are a lot of wells in this field that are now permanently abandoned; and there were some wells with significantly less cumulative oil totals, but one does get a feeling for the potential.