24827, conf, QEP, Hemi 2-27-34BH, Grail:
Date | Oil Runs | MCF Sold |
---|---|---|
6-2013 | 52639 | 9090 |
But it gets better. I suggest that readers over the age of 65 with a heart condition should be sitting down:
24826, conf, QEP, Hemi 1-27-34BH, Grail:
Date | Oil Runs | MCF Sold |
---|---|---|
6-2013 | 47290 | 12506 |
These two wells are on the same pad. There is a third older well on the pad:
19104, 1,203, QEP, Henderson 16-34/27H, t5/11; a Three Forks well, cum 215K 6/13;
The initial Three Forks zone to be targeted was set at 9 feet thick.
Now it gets really, really interesting:
19104, the Henderson well, was taken off-line for the past four months, but is back on line now; it was taken off-line, I assume, while the other two wells were being fracked.
When it came back on line, look at what it produced in 6 days: 11,183 barrels. Either it was re-fracked (?) or fracking the other two wells on the same pad made a huge difference. [Later: Don points out that it's possible that the wells were placed on a pipeline and the chokes were wide open; or similarly, the tanks on the pad would have been empty after four months of being off-line and they could have opened the choke to fill the tanks. Also note the significant change in the natural gas to oil ratio.]
11,183 bbls in 6 days translates to 56,000 bbls in 30 days:
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 6-2013 | 6 | 11183 | 11053 | 0 | 2186 | 2186 | 0 |
BAKKEN | 5-2013 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 4-2013 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 3-2013 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 2-2013 | 28 | 0 | 228 | 0 | 0 | 0 | 0 |
BAKKEN | 1-2013 | 31 | 4373 | 4371 | 1584 | 4345 | 4345 | 0 |
BAKKEN | 12-2012 | 31 | 5677 | 5717 | 2044 | 6151 | 6151 | 0 |
BAKKEN | 11-2012 | 30 | 6187 | 6025 | 1977 | 6235 | 6235 | 0 |
BAKKEN | 10-2012 | 31 | 5659 | 5657 | 1830 | 4758 | 4758 | 0 |
BAKKEN | 9-2012 | 30 | 5501 | 5619 | 1867 | 6553 | 6503 | 50 |
BAKKEN | 8-2012 | 31 | 6088 | 5974 | 1937 | 6688 | 6608 | 80 |
BAKKEN | 7-2012 | 31 | 6376 | 6436 | 2097 | 7576 | 6276 | 1300 |
BAKKEN | 6-2012 | 28 | 6222 | 6262 | 1989 | 6885 | 6435 | 450 |
BAKKEN | 5-2012 | 29 | 6787 | 6905 | 2179 | 7305 | 7275 | 30 |
BAKKEN | 4-2012 | 29 | 7578 | 7554 | 2439 | 7008 | 7008 | 0 |
BAKKEN | 3-2012 | 9 | 2399 | 2131 | 1007 | 2370 | 2370 | 0 |
BAKKEN | 2-2012 | 28 | 7134 | 7398 | 2536 | 7233 | 1133 | 6100 |
BAKKEN | 1-2012 | 26 | 7695 | 7889 | 2576 | 9894 | 9894 | 0 |
BAKKEN | 12-2011 | 31 | 11563 | 11252 | 4178 | 16532 | 16532 | 0 |
BAKKEN | 11-2011 | 27 | 10286 | 10993 | 3631 | 12857 | 12557 | 300 |
BAKKEN | 10-2011 | 24 | 9663 | 8994 | 3197 | 11237 | 8587 | 2650 |
BAKKEN | 9-2011 | 7 | 2003 | 3126 | 707 | 2215 | 965 | 1250 |
BAKKEN | 8-2011 | 31 | 12911 | 12709 | 4673 | 15804 | 14894 | 910 |
BAKKEN | 7-2011 | 31 | 14569 | 13851 | 6561 | 19215 | 19215 | 0 |
BAKKEN | 6-2011 | 20 | 11528 | 12017 | 4658 | 15134 | 15079 | 55 |
BAKKEN | 5-2011 | 30 | 22168 | 21520 | 13581 | 26896 | 25545 | 1351 |
BAKKEN | 4-2011 | 28 | 15177 | 15790 | 6065 | 19567 | 15884 | 3683 |
BAKKEN | 3-2011 | 21 | 16029 | 15038 | 9946 | 18778 | 17842 | 936 |
Prior to being taken off-line, for whatever reason, it was producing "only" 5,000 bbls/month.
And, if you have read this far, one more tidbit. Note: this well was taken off-line for four months. I forget, but a company, I think it was Triangle Petroleum, just mentioned that it can leave wells on-line while simultaneously fracking wells on the same pad. Not that it makes much difference, I suppose, when a well will be producing for 35 years in the Bakken, for individual mineral owners it has to be nice when a well is not taken off-line for several months.
This, obviously, has a number of story lines. Maybe we will know more tomorrow.
There are four other completed QEP wells in this section.
Memo to self: go back to the file report and note the QEP discussion about commingling; should be posted.
As a minerals owner, the only issue is this- Company does not tell you when they pull a well off-line. In the same boat now with a Slawson well. Not a problem when they are on an eco-pad.
ReplyDeleteWill pay off eventually. Especially when one compares oil price 4 months ago to now.
Yes, I agree. That's what I tried to say, but it sure came out "crappy." I sure have a habit of writing badly. (I suppose the other problem is getting your spouse to believe you when you tell her no royalty check this month. LOL.)
Deletefortunate to not have depend on just one, but yeah, it's hard to budget when you lose a third of your income. Again, bonus will come when all 6 wells come on line. Maybe a nice Christmas bonus
ReplyDelete