In the February NDIC hearing dockets, there are a couple cases in which CLR is asking to drill 14 wells in one 2560-acre spacing unit. It's very possible, this is a request for seven wells to be drilled into two of the four sections, and the other seven wells to be drilled into the other two sections of the four-section spacing unit. Or it's possible that they will be using the plan in the schematic at the January 15, 2013, link above.
The cases:
- 19678, CLR, Elm Tree-Bakken, 14 wells on each existing overlapping 2560-acre units; McKenzie
- 19679, CLR, Alkali Creek-Bakken, 14 wells on an existing overlapping 2560-acre unit; McKenzie, Mountrail
- 19581, Bakken Hunter, Bounty School-Bakken, establish 13 640-acre units; and 10 1280-acre units; 8 wells on each of the 640-acre units and up to 16 wells on each of the 1280-acre units, Divide. This adds up to about 264 wells.
- 19624, Petro-Hunt, amend, Stockyard Creek-Bakken, 7 wells on a 640-acre unit, Williams County.
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A day or two ago, "anon 1" alerted me to the January, 2013, Magnum Hunter corporate presentation. Bakken Hunter is the wholly-owned subsidiary of Magnum Hunter. This is a good time to review that presentation in light of the case noted above.
16 wells on a 2 section drilling unit.
ReplyDeleteWhat are we talking about in costs here, $100,000,000?
That's a lot of oil. They obviously have some reason to think they will make a profit on on this or like projects.
This may be an experiment, but something has told them it might pay off. I can't imagine Bakken-Hunter just deciding to punch some holes in the ground randomly.
mike
You know, Mike, I had the same thought.
DeleteIn fact, anywhere else, this would have been a laugh-out-loud joke, but in the Bakken -- what can I say? It's a very expensive experiment.
But I'm with you. When I first saw this....I did a double-take -- had to look at it several times, in fact.....
.... thank you for taking time to write....
Bakken Hunter is a wholly-owned subsidiary of Magnum Hunter.
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