BEXP's Most Recent Presentation: Some Very Nice Wells -- So, What Else Is New? -- Bakken, North Dakota, USA

During earnings season I could not keep up with all the news. One of the biggies was BEXP's new presentation in which the company released results of new wells. One can find BEXP's most recent presentation at their home page.

These are the wells with IPs being reported for the first time. To the best of my knowledge, they are not yet on my blog, and to the best of my knowledge they are still in DRL status or on the confidential list at the NDIC site.

But here they are, includes number of frack stages (30 - 39):

• 20013, 3,771, Statoil/BEXP, Lucy Hanson, Catwalk, Bakken, 36; t8/11; cum 260K 9/16;
• 20655, 2,217, Statoil/BEXP, Raymond 17-20 1H, Ragged Butte, Bakken,  39; t8/11; cum 153K 9/16;
• 20842, 2,743, Statoil/BEXP, Larsen 3-10 2H,Williston, Bakken,  31, t7/11; cum 215K 9/16;
• 20338, 980, Statoil/ BEXP, Pladson 4-9 1H 38 TF, Kittleson Slough, Three Forks,  38; t7/11; cum 176K 9/16;
• 19325, 896, Statoil/BEXP, Stanley Larson 8-5 1H, Squires, Bakken,  37, t7/11; cum 96K 9/16;
• 20345, 2,746, Statoil/BEXP, Gunderson 15-22 1H, Banks, Bakken,  38, t7/11; cum 332K 9/16;
• 19861, 2,693, Statoil/BEXP, SCHA 23-34 1H, Alger,  30, t6/11; cum 250K 9/16;
• 19830, 1,835, Statoil/BEXP, Irwin 15-22 1H, Lake Trenton, Bakken,  32; t6/11; cum 218K 9/16;

Others on that list that have been previously reported elsewhere on this site:

• 19554, 1,933, Statoil/BEXP, Hovde 33-4 1H, Sandrocks, Bakken,  31, t6/11; cum 186K 9/16;
• 19930, 2,670, Statoil/BEXP, Russell 10-3 1H, Painted Woods, Bakken,  38; t6/11; cum 243K 9/16;
• 20146, 1,889, BEXP, DeLoreme 12-1 1H, Painted Woods, Bakken,  37; t6/11; cum 176K 9/16;

With one exception, what do you note about these 11 wells?

Yup, every well is in a different field, except for the two in Painted Woods, northwest of Williston. 

These are great wells. I've tagged them to follow-up six months from now to see what their early production will be. My hunch is that they will all be close to 60,000 bbls the first 6 months, and 100,00 bbls within the first 18 months.

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Regarding the Lucy Hanson well, check out question #8 on my FAQ page: what is the record IP to date in the Williston Basin?

As I have said many times, the initial production of any well, self-reported by the producer, is becoming less meaningful over time. Having said that, it looks like the record IP for a Bakken well is now 5,200, a Newfield well (July, 2011): 18691, 5,200 BOE (3,713 BO), NFX, Wisness Federal 152-96-4-2H, Westberg, Bakken, t7/11; cum 371K 9/16;

Two earlier wells: a Whiting well which had an IP of 4,761 boepd: file #17612, 4,761 boepd IP (4,345 bo IP), Whiting, Maki 11-27H, Mountrail County, Sanish field, t10/09; cum 800K 9/16.  This is still current as of February 20, 2010. Since then, BEXP claims to have set a record with the Sorenson 29-32 1-H, #18654, with a 24-hour flowback of 5,133 boepd (4,335 bopd), t4/10; cum 456K 9/16; BEXP also reported the Jack Cvancara 19-18 #1H in the Ross project area (18628) with a 24-hour flowback of 5,035 boepd (4,357 bopd), t5/10; cum 425K 9/16;