Friday, May 4, 2012

G3 Operating: 672 Wells

I may be misreading this, or I may have miscounted, but from the NDIC dockets for May, 2012:
17853, G3 Operating, Climax and/or Strandahl-Bakken, or the Good Luck Field, establish 12 640-acre units; 84 1280-acre units, 7 wells on each 640-acre unit and 7 wells on each 1280-acre units; 672 wells total; (if I counted correctly); Williams County;
I'll go back and look at this later, along with several other interesting cases. 

4 comments:

  1. This is a very strange application as one 640 acre spacing is held by Marathon, and Marathon is planning on drilling a well in June on this acreage. Why would g-3 be making this
    application?

    ReplyDelete
    Replies
    1. According to NDIC's "well search" site, MRO and G-3 Operating (and probably other operators as well) share acreage in this area.

      In addition, many (most? all?) operators in the Bakken are also non-operator participants in wells drilled by others.

      Don't lose sight of the bigger story: 7 wells on a 640-acre unit.

      Delete
    2. G-3 just recently sold. This makes this application even more interesting.

      Delete
    3. Yup, looks like great news for the buyer.

      Delete