Sunday, November 17, 2013

KOG: Polar Pilot 2.0 Project; Optimizing Ultimate Development

Updates

November 18, 2013: Richard Zeits, over at SeekingAlpha, has the same story.  

Original Post

A reader brought this to my attention; I would have missed it. A big "thank you" to the reader.

This is from KOG's November, 2013, corporation presentation.  (This is a dynamic link; it will change over time.)

On a 1280-acre spacing unit in Truax oil field:
  • four 4-well pads
  • eight middle Bakken wells: 600-foot spacing
  • six upper Three Forks wells: 600- and 700-foot lateral spacing
  • two lower Three Forks wells: 1,320-foot spacing
This is what the schematic looks like:



This is what the NDIC GIS map server currently shows for that area:


Specifically, the four 4-well pads will be in section 26. Currently this is what is in section 26:





This is what KOG is proposing:



The three offset wells in section 25-154-98:
  • 24233, 1,948, XTO, Wood 21X-25A, t4/13; cum 70K 9/113;
  • 24232, 1,678, XTO, Wood 21X-25AXB, t4/13; cum 71K 9/13;
  • 20503, 560, XTO, Wood 21X-25B, t4/13; cum 63K 9/13;
I remember well before anyone was talking about it, I blogged that fracking appeared to be effective to about 500' radially. Operators appear to have settled on 600' radial fracking. Cool. I first saw it with BEXP wells based on their spacing of two wells west of Williston.

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