Saturday, June 7, 2014

Monthly Costs For Maintaining An Active Well; Did Ballard Get A Madison Well North Of Glenburn? If So, The Third Time's A Charm

Some time ago a reader asked a very general question. I thought it was too general to be able to get a good answer, but another reader provides a very nice response. The original question, over at the "Discussion Group" asked about the average cost of maintaining an active well. This was another reader's response:
Most companies estimate production costs at $6,000 to $8,000 per month per well...or $70,000 to $100,000 per year.  
Keep in mind that a majority of wells require a week or more of maintenance each year with a workover rig with support equipment and crew at $10,000 plus per day.  
You also have significant power costs in addition to general lease operations. A 6-8 well pad could easily require $750,000 to $1 million per year to keep everything in top
condition to maximize production without any major operational downhole problems. 
This is very, very much appreciated. Thank you.

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Does Ballard Have A Productive Well North Of Glenburn?

On a completely different note, another reader over at the "Discussion Group" reports that  a local farmer from the Glenburn area says that Ballard Petroleum struck oil north of Glenburn. There is a Ballard wildcat north of Glenburn:
  • 27319, 600, Ballard Petroleum, Fines 24-19, wildcat, north of Glenburn, 19-159-81; Chatfield, Madison pool, t6/14; cum 137K 5/17;
A bit further north there are to more Ballard wildcats:
  • 27703, conf, Ballard Petroleum, Mddaugh 33-23, wildcat, north of Glenburn, 23-160-81,
  • 27704, conf, Ballard Petroleum, Drovdal 13-2, wildcat, north of Glenburn, 2-160-81,
Ballard Petroleum has five permits in North Dakota. The first two permits: two wells drilled in 2012 -- both dry, both Madison wells.
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6 comments:

  1. AnonymousJune 9, 2014 at 3:25 PM

    The Fines 24-19 is in the process of being completed. It will make a well, should be pumping in couple wks.. Located between Berenergy glenburn field and Citation elms field. Straight hole Madison format[ion. NIce to see companies wildcatting for non Bakken oil..

    Ck out production in glenburn...Real nice spike when they flooded the field back in 2008..

    RIppin Lips

    ReplyDelete
    Replies
    1. Bruce OksolJune 9, 2014 at 3:31 PM

      Thank you, much appreciated. Yes, some people think that if the Bakken was not sucking all the resources (money, workers, etc), they would be drilling much more of the Madison and the Red River in North Dakota. It is simply a matter of limited resources and amount of time.

      Delete
    2. AnonymousJune 9, 2014 at 6:26 PM

      Is there any information on the Drovdal 13-2 wildcat drilled by Ballard Petroleum about 10 days ago---looks to be Southeast of Maxbass. Thank you

      Delete
    3. Bruce OksolJune 9, 2014 at 6:48 PM

      Unless someone locally knows something ...

      The well is still on the confidential list and there is not release date posted at the NDIC site.

      Delete
    4. AnonymousJune 13, 2014 at 2:09 PM

      Drovdal 13-2 was dry. Miller 31-3 by Welter Consulting south of greenbush field was also a duster..Still a lot of opportunity for smaller operators to drill for Madison on outside edges of older fields.

      Offset wells will prob be drilled by the Fines next yr I would expect..

      Rippin Lips

      Delete
    5. Bruce OksolJune 13, 2014 at 2:26 PM

      That was a shame. It just goes to show how challenging the oil and gas industry can be -- but better than drilling in Kurdistan, I suppose?

      Delete

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