Thursday, December 8, 2011

Three Very Nice Wells Recently Reported -- The Bakken, North Dakota, USA

Of the eight (8) most recent wells coming off the confidential list, three were not completed/fracked. Of the five that were completed, three of them were very good wells based on their IPs.  The full list can be viewed here, but these are the three very nice wells recently reported:
  • 20783, 1,388, ERF, Miles 151-94-28D-21H TF, Antelope, Three Forks, s6/11; t9/11; 35K cum 10/11; 24 stages, 2.3 mil lbs sand
  • 20655, 2,217, BEXP, Raymond 17-20 1H, Ragged Butte, middle Bakken, s6/11; t8/11; 34K cum 10/1; 39 stages, 4 mil lbs proppants: 1.5 mil lbs sand; 2.4 mil lbs ceramics
  • 19475, 2,503, Whiting, Brookbank State 41-16XH, Sanish, middle Bakken, s10/10; t6/11; cum 76K bo cum 10/11; 6 stages, 96K lbs sand
The Sanish has always been the cash cow for Whiting; other Whiting Sanish wells this 4th calendar quarter (yet to completed):
Note, that even among Whiting's good Sanish wells, its most recent well, the Brookbank State is another very good well. 

And then look at the well file: stimulated with six (6) stages and almost no proppant; incredible. Sometimes an initial frack fails and the company goes back in and re-fracks. In this case, the well has been on-line since June, the month it was originally fracked, suggesting that they have not gone back in and increased the number of frack stages. 

Now, compare that to the BEXP Raymond well. This is a typical BEXP well: max stages and max proppants including ceramics: 39 stages, 4 mil lbs proppants: 1.5 mil lbs sand; 2.4 mil lbs ceramic. I don't often see a 39-stage frack. BEXP appears to have moved to 36 stages as routine, but now we are starting to see stimulations nearing 40 stages.

Ragged Butte oil field is directly south of Indian Hill. These two fields, Ragged Butte and Indian Hill, are proving to be very good fields. They sit in or very near the bull's-eye of the Bakken that I have been talking about for some time. Both fields are directly south of the river, in north/northwestern McKenzie County. Driving south on US 85 just south of the bridge south of Williston, one can see these two fields. Indian Hill is just north of Ragged Butte.

I have taken many, many drives down US 85 and have always been impressed with the amount of activity in the past year.  There are one or two huge hazardous waste projects on the west side of this highway -- at least they appear to be dry waste projects. The areas were too large for photographs not taken from the air.

Antelope field is also a very, very good field. It is one of several fields in the reservation, perhaps one of the best areas in the Bakken. It is west of the river/lake, just west of fields very, very well known in the Bakken: Reunion Bay, Big Bend, Van Hook.

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