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Thursday, August 11, 2011

Eco-Pad Results -- Morris/Carson Peak Eco-Pad -- Oakdale Field -- Bakken, North Dakota, USA

I recently updated the Morris 2-26H well:
  • 18860, 517, CLR, Morris 2-26H, Oakdale, Bakken; t5/11 cum 277K 5/17;
"Anonymous" pointed out that this well is part of a CLR Eco-Pad project. "Anonymous also pointed out this was the "poorest" of the four wells. "Poorest" as in relative to to the others.

Here's the rest of the story:
  • 18858, 715, CLR, Morris 3-26H, Oakdale, Bakken, t5/11 cum 444K 5/17;
  • 18859, 680, CLR, Carson Peak 3-35H, Oakdale, Bakken, t5/11 cum 615K 5/17;
  • 18861, 759, CLR, Carson Peak 2-35H, Oakdale, Bakken; t5/11 cum 660K 5/17;
Two horizontals run south; two run north. 

And that, folks, is why some CEOs say the Bakken is different. No DRY holes, and reaching 100,000 bbls in a year when it took legacy wells in the Williston Basin to reach 100,000 bbls over 10 - 20 years.

No, of course, not all Bakken wells are this great, and they are very, very expensive to put in, and the decline rates are horrendous, and the ....

But most operators say they will pay for these wells in 1 - 3 years, and that these wells will produce for 30 years (albeit at a lower rate), in a safe environment (not a lot of terrorists in North Dakota) and where the infrastructure will keep getting better.

If everything works out, even a bit of global warming will moderate the North Dakota winters.

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