Pages

▼

Sunday, January 22, 2012

How Long Will A Bakken Well Produce?

Idle chatter.

One of the most frequent questions I get asked: how long will a Bakken well produce?

I've linked answers to that question at numerous posts, but don't have time to look for the links now.

How long a well will produce is irrelevant in my mind, except for the "cocktail chatter" it allows. Other parameters are much more important, including the ultimate production.

But to give newbies an idea of how long these wells will produce, look at some of the legacy wells at my "Monster Wells" page. As one example:
If this well is on a pipeline, and if it requires minimal upkeep to keep it going, its expenses are also minimal, and at $75/bbl, what's not to like? In November, 2011, it produced 700 bbls or oil. And as a stripper well, it gets certain tax advantages. And by producing, the lease is held for future drilling in the spacing unit.

The "Monster Wells" page is still being updated, as in very new; much to be added.

Oh, just to answer the question, how long will the average Bakken well produce? 39 years. 
at

2 comments:

  1. Don PJanuary 23, 2012 at 2:10 PM

    Bruce,
    Does this qualify as a "Monster Well"
    NDIC File No: 19898 API No: 33-053-03354-00-00 CTB No: 119898
    Well Type: OG Well Status: A Status Date: 10/7/2011
    Wellbore type: Horizontal
    Location: LOT 3 3-149-95 Footages: 300 FNL 1550 FWL Latitude:
    47.759837 Longitude: -102.827700
    Current Operator: HELIS OIL & GAS COMPANY, L.L.C.
    Current Well Name: GABBERT 3-3/10H
    Elevation(s): 2303 KB 2270 GR 2270 GL Total Depth: 20700
    Field: GRAIL
    Spud Date(s): 7/23/2011
    Casing String(s): 9.625" 1845' 7" 11244'
    Completion Data
    Pool: BAKKEN Perfs: 11244-20700 Comp: 10/7/2011 Status:
    F Date: 10/7/2011 Spacing: 2SEC
    Cumulative Production Data
    Pool: BAKKEN Cum Oil: 68409 Cum MCF Gas: 93210 Cum
    Water: 28870
    Production Test Data
    IP Test Date: 10/7/2011 Pool: BAKKEN IP Oil: 2421 IP
    MCF: 3307 IP Water: 1224
    Monthly Production Data
    Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare
    BAKKEN 11-2011 30 28372 29279 9065 38594 37808 786
    BAKKEN 10-2011 25 40037 38639 19805 54616 14418 40198

    ReplyDelete
    Replies
    1. Bruce OksolJanuary 23, 2012 at 2:14 PM

      It sure does!

      In fact, I have a stand-alone post featuring the Holy Grail, er... Helis Grail.

      I could be wrong, but I think production of 40,037 bbls in one month might be a record, and that was just 25 days.

      I will update the stand-alone. Thank you.

      Delete

Note: Only a member of this blog may post a comment.