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Thursday, August 18, 2011

Petro-Harvester -- Madison Wells -- Bottineau County -- North Dakota, USA

This is why I love the blog and love to blog.

"Anonymous" asked me if I knew anything about some Madison wells that Petro-Harvester is drilling in Bottineau County.  Go back to the Madison wells at Stockyard Creek to see why one might be interested in the Madison.

For newbies:
  • Bottineau County is north of the core Bakken; it lies along the Canadian border
  • Most folks associate Bottineau County with Spearfish formation
  • The Madison formation is a legacy formation; it's been producing "forever"; I believe it still accounts for about 50% of all oil produced in North Dakota; that percentage has dropped quickly over the past two years with the discovery/success of the Bakken
  • Having said that, some folks may do very well going back to the Madison, especially if Madison wells don't need fracking, which can now account for 50% of the cost of the well
I will update the post when I get a chance, but here's an example of a Petro-Harvester well in Renville oil field in Bottineau County, North Dakota:
  • 19315, AB/1,038, Petro-Harvester, Rice 11, Madison, Renville; t8/10; cum 130K 7/15; last produced 7/15;
History:
  • This location was spud 7/31/2010, completed 8/19/2010; tested 8/22/10
  • It was drilled to a depth of 6,500 feet; it looks like it was unitized, water flooded
  • To date, it has produced 98,000 bbls of oil (as of 12/12)

Production history:
MADISON11-2011302311235746430000
MADISON10-2011312529256352496000
MADISON9-2011302271231138189000
MADISON8-2011312383247933575000
MADISON7-2011302891284738294000
MADISON6-2011303589359536940000
MADISON5-2011213456325425000000
MADISON4-2011251632153027380000
MADISON3-2011312235221035456000
MADISON2-2011282447244731885000
MADISON1-2011312861286138553000
MADISON12-2010302926292638740000
MADISON11-2010304599459938105000
MADISON10-2010317933793336093000
MADISON9-201029133361356411644000
MADISON8-20101410786105585529000


18452, AB/0 (not a typo), Petro Harvester, Glessing 7-16, Madison, Renville; cum 4K 3/12;
20776, DRL --> WI, Petro Harvester, Rice 13, Madison, Renville
21144, PNC, Petro Harvester, Rice 13X, Madison, Renville
20773, PNC, Petro Harvester, Riise 4, Madison, Renville
20963, DRL --> WI, Petro Harvester, Riise 4X, Madison, Renville, t8/10; cum 128K 5/16; last produced 5/16;
20775, DRL --> WI, Petro Harvester, Riise 12, Madison, Renville
19634, DRY, Petro Harvester, Greek 1-2, Madison, 18452