Note that WPX has had some big successes outside the Bakken, namely in New Mexico and the Niobrara.
From the company's press release:
"In the Williston, we're now doing simultaneous operations like we've done in the Piceance, allowing us to both drill and complete wells concurrently on the same pad. This is one way we're driving down drilling days and costs in North Dakota, making it possible to do more drilling and completions this year than originally planned without increasing our rig count and all within our capital guidance range.
"Our continued Williston Basin operational improvements should facilitate seven more wells drilled and 11 additional completions this year for a new total of 46 spuds and 52 completions," Hill said.
"We expect this to increase the year-end exit rate for our Williston oil production by more than 2,000 barrels per day - or 15 percent - to a new total of 15,000 barrels of oil per day. For 2014, this additional activity should increase our Williston production by 8 percent. Our oil production growth rate in the Williston has been impressive - up 30 percent in the second quarter compared with a year ago.If I read this correctly, I've learned something: I thought operators would not drill AND frack simultaneously on the same pad; it sounds like WPX is doing just that.
Although company's earning missed by 4 cents, revenues beat expectations. SeekingAlpha transcript.
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CRI drilled the 2 west wells on the jerol-mcgregor 4 well pad then fracked them while drilling the 2 east wells. Currently they are coiling the west wells and fracking the east 2 wells.
ReplyDeleteThe pad is about 12 miles north of Tioga or 1 mile south of McGregor and a mile west of Hwy 40
I find that quite remarkable: fracking, drilling, coiling, all on the same pad. Can you imagine all the coordination it takes? If one is able to stand back, watch it, and just think about it, it has to be quite an event.
DeleteOh, yes, I think I see them on the GSI map server: 24675, 24676, 24677, 24678 in 22-159-95.
DeleteIf that is the correct location, and if that's a single pad, it's interesting to note the two west wells are about 50 feet apart from each other; the two east wells are about 50 feet apart from each other but the pair of wells are about 200 feet apart, allowing for some space to move. Later, I assume, CLR can target lower TF, or go opposite directions in MB, upper TF, filling in the pad in between. Just idle chatter.