Although one is tempted to compare bbls of oil/field, one cannot do that due to fact that oil fields can vary significantly in size, as well as varying activity in various fields. The last two columns, bbls/month/well and bbls/day/well are most valuable.
Very interesting. And a huge "thank you" for a reader for sending this in. [It is interesting that Reunion Bay is the only field I have not updated in the sidebar at the right.]
This field is "owned" by Marathon and WPX, with Marathon having the most wells. Except for one (1) Slawson well, every well in Reunion oil field is either an MRO or a WPX well.
Heart Butte and Banks are right in the middle of the northeast McKenzie County Bakken sweet spot and is giving Reunion Bay a run for bragging rights. It is somewhat surprising to see the results of Van Hook.
| Rank | Field | Barrels of Oil | # of Wells | Ave Bbls/Mo/Well | Bbls/Day/Well |
| Some Rounded | |||||
| 1 | Sanish | 1,702,587 | 343 | 4,963 | 166 |
| 2 | Parshall | 736,000 | 236 | 3,118 | 104 |
| 3 | Alger | 597,000 | 124 | 4,814 | 160 |
| 4 | Van Hook | 531,000 | 105 | 4,963 | 165 |
| 5 | Reunion Bay | 431,000 | 61 | 6,845 | 228 |
| 6 | Murphy Creek | 392,000 | 137 | 2,861 | 95 |
| 7 | Heart Butte | 345,000 | 55 | 6,272 | 209 |
| 8 | Banks | 330,000 | 49 | 6,734 | 225 |
I see you mentioned Oakdale field below. With only 12 wells maybe it does not qualify for this type of list.
ReplyDeleteThose 12 wells for last month of reporting show 9,878 barrels per month and 318 barrels per day averages.
Not far to the SE are the Roadrunner and Clover wells which you had also mentioned in the last couple days relating to high IPs from Continental.
Yes, I have been quite impressed with Oakdale.
DeleteIf I did the arithmetic correctly, those 12 wells have produced a cumulative of 3.02 million bbls (through September).
3.02 million x $65 --> $200 million or an average of $16 million/well. And the wells are all less than a few years old; and they will keep pumping for decades.
So, assuming that $16 million/well more than covers the cost of drilling the well, that's a fair amount of free cash flow coming from Oakdale.
And, yes the Roadrunner and Clover wells are going to be great.