Oasis To Report Eight (8) Nice Bakken Wells; Whiting To Report Another Nice Stockyard Creek Oil Well; EOG Reports A Producing Well On A 16-Well Pad -- June 7, 2016

EOG Reports A Producing Well On A Huge Pad  On Today's Daily Activity Report

From Daily Activity Report: Summary of That Report Posted Below

In a long note like this, there will be typographical and factual errors. There is a combination of planning data and completed data; I don't always identify which. I am doing this to help me understand the Bakken. If this information is important to you, go the source.

One producing well completed:

• 31247, 1,613, EOG, West Clark 103-0136H, Clarks Creek, not a particularly long horizontal, about halfway into second of two sections, ICO spacing, permit application for 960 acre-spacing unit, permit application estimated total depth of 17,889 feet; actual TD = 17,965; I don't think the frack data has been posted yet (API: 33-053006954-00-00); t5/16; cum -- 

I've probably posted more then once about this well, but this is a pretty comprehensive post: http://themilliondollarway.blogspot.com/2016/05/eog-eor-in-clarks-creek-may-18-2016.html. 

This is just one of 16 wells that will be on this pad, called the West Clark 1 SWSW 1 Well Pad. The wells that are or will be on this pad:

It looks like there will 45 oil storage tanks on the pad (+ three water tanks) from the schematic below:

Maybe once all the pumpers are on the pad, and all the tanks are in place, we can get Vern Whitten to get us an aerial photo. Time Magazine or National Geographic might like to make it a cover photo for their respective magazine. Maybe TimeLife could provide a glossy special edition of the Bakken as it enters its "manufacturing stage."

A schematic of the processing plant map:

 Gas capture plan:

Economic overview of this pad, for newbies: it is estimated that a Bakken well costs between $6 million and $10 million to complete. The older wells cost more than the newer wells, all things being equal. Costs are coming down in the Bakken. If we suggest that it cost about $7.5 million on average to complete each of these 16 wells, this pad .... 16 x 7.5 = $120 million.

In addition to whatever the wells cost, there were folks employed designing and building the pad; designing and building the road to the pad; designing/planning pad "refining"; pipelines to and from the pad; etc, etc. Once the pad is completed, it will require routine maintenance and attention. I doubt there are many mom-and-pop retail stores anywhere in North Dakota that rival the cost and activity involved in just this one pad.

As a reminder: both Bernie Sanders and Hillary Clinton want to ban fracking.

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Back To The Daily Activity Report For June 7, 2016

No new permits.

Lime Rock renewed two permits, two Robert Sadowsky wells, both in Dunn County.

Samson Resources cancelled one permit, a Ranger permit in Divide County.

 

Active rigs:

	6/7/2016	06/07/2015	06/07/2014	06/07/2013	06/07/2012
Active Rigs	26	82	194	189	214

Ten (10) wells coming off confidential list Wednesday:

• 30771, SI/NC, XTO, FBIR Grinnell 34X-33B, Heart Butte, no production data,
• 30852, 2,954, Whiting, Connie 21-4H, Stockyard Creek, total middle Bakken pay zone thickness estimated at 45 feet; a trip gas of 3,475 units with a 6 - 8 foot flare, 37 stages, 6.6 million lbs; t12/15; cum 137K 4/16;
• 30892, 1,390, Oasis, Andersmadson 5201 43-24 7B, Camp, 36 stages, 4.1 million lbs, t2/16; cum 51K after 42 days;
• 30893, 984, Oasis, Andersmadson 5201 43-24 8T, Camp, 36 stages, 4.1 million lbs, t2/16; cum 22K after 52 days;
• 30894, 1,668, Oasis, Andersmadson 5201 43-24 9B, Camp, 36 stages, 4.1 million lsb, t2/16; cum 48K after 2 months;
• 30895, 869, Oasis, Andersmadson 5201 43-24 10T, Camp, t3/16; cum 15K after 42 days;
• 31053, 606, Oasis, Andersmadson 5201 42-24 3B, Camp, 36 stages, 4.1 million lbs, t1/16; cum 48K 4/16;
• 31054, 1,341, Oasis, Andersmadson 5201 42-24 4T, Camp, t1/16; cum 38K 4/16 but only about 20 days/month;
• 31055, 1,941, Oasis, Andersmadson 5201 42-24 5B, Camp, t1/16; cum 77K 4/16;
• 31056, 1,259, Oasis, Andersmadson 5201 42-24 6T, Camp, t1/16; cum 45K 4/16;

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 31056, see above, Oasis, Andersmadson 5201 42-24 6T, Camp:

Date	Oil Runs	MCF Sold
4-2016	8159	10746
3-2016	13271	13613
2-2016	18885	20704
1-2016	4198	3188

 31055, see above, Oasis, Andersmadson 5201 42-24 5B, Camp:

Date	Oil Runs	MCF Sold
4-2016	15421	17013
3-2016	18503	18400
2-2016	30813	27430
1-2016	12582	9889

31054, see above, Oasis, Andersmadson 5201 42-24 4T, Camp:

Date	Oil Runs	MCF Sold
4-2016	4034	3658
3-2016	6848	5716
2-2016	10674	8842
1-2016	15987	20602

 31053, see above, Oasis, Andersmadson 5201 42-24 3B, Camp:

Date	Oil Runs	MCF Sold
4-2016	16839	18425
3-2016	10435	12545
2-2016	10773	10008
1-2016	9754	6622

 30895, see above, Oasis, Andersmadson 5201 43-24 10T, Camp:

Date	Oil Runs	MCF Sold
4-2016	1722	2517
3-2016	12951	14124

30894, see above, Oasis, Andersmadson 5201 43-24 9B, Camp:

Date	Oil Runs	MCF Sold
4-2016	15278	15137
3-2016	31267	37965
2-2016	1005	0

 30893, see above, Oasis, Andersmadson 5201 43-24 8T, Camp:

Date	Oil Runs	MCF Sold
4-2016	6973	7802
3-2016	12339	0
2-2016	2987	0

 30892, see above, Oasis, Andersmadson 5201 43-24 7B, Camp:

Date	Oil Runs	MCF Sold
4-2016	15753	14244
3-2016	25165	17337
2-2016	10272	0

30852, see above, Whiting, Connie 21-4H, Stockyard Creek:

Date	Oil Runs	MCF Sold
4-2016	15478	23484
3-2016	25368	37901
2-2016	25340	33964
1-2016	29706	19549
12-2015	40475	1474