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
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 --
The Tarpon Federal used the traditional method of One MCF of gas is equal to 6 barrels of oil.
ReplyDeleteThis 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.
Wow, by a whisker. Thank you. Yes the Tarpon Federal was / is an incredible well.
DeleteIf 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.