Three Completed Wells in Montana's Williston Basin Bakken
Link to Fairfield Sun Times.
In Richland County, XTO Energy Inc. wrapped up the
Panasuk 34X-12, with an SHL at SW SE 12-23N-58E (275 FSL/1350 FEL) and a
BHL of 19,760 feet at NW NE 1-23N-58E (716 FNL/1974 FEL). The Bakken
well reported an initial production (IP) of 205 barrels of oil per day;
89 thousand cubic feet of gas per ay (mcfpd) and 982 barrels of water per day (bwpd).
In Roosevelt County, Oasis Petroleum North
America LLC completed the Piercy Federal 2758 13-5H. The Bakken well has
an SHL at NW NE 5-27N-58E (320 FNL/2310 FEL) and a BHL of 20,686 feet
at NW NE 29-28N-58E (652 FNL/2311 FEL). The well had an IP of 1,792 bopd; 1,365 mcfpd and 3,956 bwpd.
In Sheridan County, TAQA North
USA, Inc. finished the Kavon 17-16H. The Bakken Formation well has an
SHL at SE SE 17-37N-56E (680 FSL/245 FEL) and a BHL of 11,912 feet at SW
SW 17-37N-56E (673 FSL/660 FWL). The well had an IP of 24 bopd and 390 bwpd.
For newbies:
Roosevelt County is directly west of Williston; recent story on new fracking sand terminal in Bainville, is in Roosevelt County.
Richland County is southwest of Williston, home of Elm Creek, first major Williston Basin Bakken field.
Sheridan County is northwest of Williston, the northeasternmost county of Montana.
Just thought I'd pass along that Mike Filloon wrote up Part IV today of his rebuttal to the "Red Queen" piece from the Oil Drum.
ReplyDeletehttp://seekingalpha.com/article/960931-bakken-update-the-red-queen-is-just-a-fairy-tale-part-iv
Yes, I posted that link yesterday:
Deletehttp://www.milliondollarwayblog.com/2012/10/bakken-operations-rigs-182-significant.html
There has been some very good wells drilled in the Roosevelt County area as noted in the recent Oasis well in this blog. I believe that the areas in Eastern MT in Roosevelt and Sheridan Counties near the ND border will be drilled over the next few years and there will be some good producers. It seems that the MT area developement is slowly growing but these numerous undrilled leases are slowly nearing expiration dates thus new lease negotiations should be numerous over the next couple of years.
ReplyDeleteTAQA's Kavon well production results are not typical compared to their other wells drilled in the Flat Lake area of Sheridan County. For example, the Hellegaard 9-12H produced over 100k barrels in its first year. TAQA has drilled a number of one and two section spacings in the region - notably the 37N-57E area has a number of TAQA well already drilled and a number currently underway. They have even opened up an office in Plentywood. Although production does not match the good areas of North Dakota, I think the economics still work for them.
ReplyDelete