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Sunday, August 11, 2013

First Full Month Production From This QEP Grail Well Not Yet Reported; Still On Confidential; Better Get A Cup Of Coffee: This Is A Long Post

This should be a fun well to watch come off the confidential list; it should come off the confidential list on August 11, 2013 -- hey, that's this weekend. We will see tomorrow (Monday).

24827, conf, QEP, Hemi 2-27-34BH, Grail:

DateOil RunsMCF Sold
6-2013526399090

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:

DateOil RunsMCF Sold
6-20134729012506


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:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN6-2013611183110530218621860
BAKKEN5-20130000000
BAKKEN4-20130000000
BAKKEN3-20130000000
BAKKEN2-20132802280000
BAKKEN1-201331437343711584434543450
BAKKEN12-201231567757172044615161510
BAKKEN11-201230618760251977623562350
BAKKEN10-201231565956571830475847580
BAKKEN9-2012305501561918676553650350
BAKKEN8-2012316088597419376688660880
BAKKEN7-201231637664362097757662761300
BAKKEN6-20122862226262198968856435450
BAKKEN5-2012296787690521797305727530
BAKKEN4-201229757875542439700870080
BAKKEN3-20129239921311007237023700
BAKKEN2-201228713473982536723311336100
BAKKEN1-201226769578892576989498940
BAKKEN12-2011311156311252417816532165320
BAKKEN11-201127102861099336311285712557300
BAKKEN10-2011249663899431971123785872650
BAKKEN9-201172003312670722159651250
BAKKEN8-201131129111270946731580414894910
BAKKEN7-2011311456913851656119215192150
BAKKEN6-20112011528120174658151341507955
BAKKEN5-20113022168215201358126896255451351
BAKKEN4-2011281517715790606519567158843683
BAKKEN3-201121160291503899461877817842936

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.

3 comments:

  1. 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.
    Will pay off eventually. Especially when one compares oil price 4 months ago to now.

    ReplyDelete
    Replies
    1. 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.)

      Delete
  2. fortunate 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

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