Sunday, July 7, 2013

Random Look At 100 Wells Drilled In 2007

The current Bakken boom in North Dakota began in 2007.

Looking at the first 100 wells starting with permit #16400, tested June, 2007.

Of the 100 wells
  • Birdbear: 3
  • Greenhorn: 4 (all dry)
  • Madison: 28
  • Red River: 13
  • Spearfish: 1
  • Bakken: 51
One Bakken well was inactive; all the rest were active.

The table below:
  • The fourth column: bbls of oil in thousands, cumulative (updated 10/14)
  • The fifth column: month/year drilled (tested)

16400 127 6/7
16401 197 4/7
16402 madison dry 10/6
16403 birdbear 14 11/8
16404
47 5/7
16405
20 5/7
16406
64 2/7
16407
48 7/8
16408 madison 14 3/7
16409 madison 0 11/6
16410 spearfish 0.6 3/7
16411
TA 3/7  -- CLR
16412
174 2/7
16413
127 3/7
16414 madison 160 2/7
16415
150 2/7
16416 madison dry 9/9
16417 madison 192 1/7
16418 madison 36 11/6
16419 madison 10 6/7
16420 red river 69 10/7
16421 red river 33 9/8
16422
114 12/7
16423 red river 624 3/7 IA
16424
510 7/7
16425
92 5/7
16426 red river 28 8/7
16427 madison 137 3/8
16428 madison 6 12/7
16429 red river 181 3/7
16430 red river 6 4/7
16431 madison 60 6/10
16432
227 5/7
16433
168 6/7
16434
273 7/7
16435 madison 38 4/12
16436 madison dry 1/8
16437 madison 53 5/7
16438 28 9/7  -- CLR
16439
113 9/7
16440
208 5/7
16441
203 5/7
16442
EXP

16443
25 4/7  -- CLR
16444 madison SI

16445 madison PNC

16446 madison 80 3/7
16447
26 4/7
16448
104 12/8
16449 birdbear 31 9/8
16450 madison 76 4/7
16451
62 11/7
16452
167 10/7
16453 red river 390 4/7
16454 birdbear pnc

16455 madison 86 3/7
16456 madison pnc

16457
431 5/7
16458
26 6/7
16459
201 10/8  -- MRO
16460
200 3/7
16461
460 3/7
16462 madison 0.1 8/7
16463
385 5/7
16464 madison 1 3/7
16465 madison 30 4/7
16466 madison 196 2/7
16467
322 8/7
16468 madison dry

16469
520 12/7
16470
71 4/7
16471 red river 307 3/7
16472
45 3/7
16473
134 4/7 IA
16474 greenhorn 0 9/7
16475 greenhorn 0 10/7
16476 greenhorn 0 3/7
16477 greenhorn dry 1/7
16478
73 4/7
16479
64 7/7
16480
244 6/7
16481 madison 108 3/7
16482 red river 269 3/7 IA
16483
523 6/7
16484
445 9/7
16485
377 9/7
16486
367 4/8
16487 red river 120 5/7
16488
135 8/7
16489 red river 190 6/7
16490
156 6/7
16491 red river 266 3/7
16492 157 9/7
16494 madison 263 8/7
16495
193 9/8
16496
PNC

16497
425 6/7
16498
220 6/7
16499 red river  PNC

16500 madison 5 6/7 IA


I did this little exercise because some folks have said the Bakken wells have such a bad decline rate, they will start shutting some of them down after five years. Many of the 51 Bakken wells above appear not to be economic, but as long as they are producing, they hold the lease by production.

In the game of basketball, there are players whose stats (points, rebounds, etc) are very, very poor, but they play an important role on the team for other reasons.

The most interesting thing in this little exercise: how great some of the Red River wells were.

Disclaimer: I went through the data base fairly quickly, and it is very likely there are errors. But the errors are unlikely to change the general results.

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