Pages

Wednesday, September 25, 2013

Eighteen (18) New Permits -- The Williston Basin, North Dakota, USA; Did Statoil Just Report A Record IP?

Active rigs: 186

Eighteen (18) new permits --
  • Operators: True (4), Oasis (3), MRO (2), Whiting (2), CLR (2), Fidelity (2), American Eagle, Bakken Hunter, SM Energy,
  • Fields: Four Bears (McKenzie), Chateau (Billings), Red Wing Creek (McKenzie), Camel Hump (Golden Valley), Bounty School (Divide), Cottonwood (Mountrail), Indian Hill (McKenzie), Dickinson (Stark), Stanley (Mountrail), Alexandria (Divide)
  • Comments: American Eagle has a permit for a wildcat in Divide County
Wells coming off the confidential list were reported earlier; see sidebar at the right.

Four (4) producing wells completed:
  • 23992, 5,417, Statoil, Beaux 18-19 7H, Banks, t8/13; cum --
  • 23438, 2,464, Statoil, M. Macklin 15-22 7H, Cow Creek, t8/13; cum --
  • 25696, 167, Corinthian, Corinthian Lochner 1-4 1H, North Souris, t9/13; cum --
  • 25697, 130, Corinthian, Corinthian Berge 12-1 1H, North Souris, t9/13; cum -- 
Statoil's Beaux well looks like it set a new IP record in the Williston Basin Bakken

2 comments:

  1. The Tarpon Federal used the traditional method of One MCF of gas is equal to 6 barrels of oil.
    This results in the IP of 7009 barrels of oil equivalent (BOE). Using this same method for
    the Beaux 18-19 7H total oil and gas results in an IP of 7027 BOE. Regardless the exact
    number, the central area of the Williston Basin has some very strong wells.

    ReplyDelete
    Replies
    1. Wow, by a whisker. Thank you. Yes the Tarpon Federal was / is an incredible well.

      If folks want to read about the Tarpon Federal:

      http://themilliondollarway.blogspot.com/2011/11/northern-oil-and-gas-tarpon-federal-21.html

      That was in the heyday of the Bakken boom, and that was a pretty good post back then, November 3, 2011, back when I didn't know much about the Bakken. Note: I even had the boe in the headline: 7,009 boe.

      So, how is #20589 doing these days? It was completed in November, 2011. To date it has produced almost 362,000 bbls of crude oil. It is on a pump and currently producing about 10,000 bbls/month. Assuming this Whiting well has paid for itself, at $100/bbl at the wellhead, it is still generating $1,000,000/month, assuming I did the math correctly.

      There are only three (3) wells in that spacing unit, and all three are on the same pad.

      Delete

Note: Only a member of this blog may post a comment.