Wednesday, December 21, 2016

The Matthew Schmidt Wells -- December 21, 2016

Background: it's hard to believe but back as early as September, 2010, I noted that among the big-name operators in the Bakken, OXY USA seemed to have a special knack for reporting very poor wells in very good areas of the Bakken. I thought it might be a one-off for awhile, but I kept seeing the same thing over and over so I started tracking OXY USA wells in the Bakken. I think I posted every OXY USA well that came off the confidential list from that September, 2010, until June 9, 2015, and the trend of poor wells seemed to continue.

There were exceptions, and over time, poor wells seemed to have better production for unknown reasons.

In October, 2015, it was announced that OXY USA sold 300,000 Bakken acres for $500 million to Lime Rock Resources; selling 346 wells, which appeared to be the biggest transfer of wells up to that time in the Bakken. For newbies: OXY USA was focused in the southwest part of the Bakken, down near the Belfield area, where Whiting was also focused at the time (it's "southern play in the Bakken").

Today, December 21, 2016, a reader wrote to tell me that one of these Lime Rock Resources/OXY USA wells is now producing, but still on the SI/NC list. The reader tells me that he is very, very happy with the early results of this well and very pleased with Lime Rock Resources.
  • 28470, 1,374, Lime Rock Resources, Cabernet, see below; t11/16; cum 90K 7/17;
I believe there are four Matthew Schmidt wells. If so, I will start tracking the Matthew Schmidt wells here. 

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The Matthew Schmidt Wells

The four Matthew Schmidt wells:
  • 18427, 876, Lime Rock Resources/OXY USA, Matthew Schmidt 1-35-2H-143-97, t5/10; cum 191K 7/17;
  • 22917, 470, Lime Rock Resources/OXY USA, Matthew Schmidt 2-35-2H-144-97, t7/13; cum 182K 7/17;
  • 22918, 784, Lime Rock Resources/OXY USA, Matthew Schmidt 3-35-2H-144-97, t7/13; cum 241K 7/17;
  • 28470, 1.374, Lime Rock Resources/OXY USA, Matthew Schmidt 4-2-35H-143-97, t11/16; cum 90K 7/17;


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December 21, 2016

NDIC File No: 28470     API No: 33-025-02558-00-00     CTB No: 128470
Well Type: ON CONFIDENTIAL STATUS
Location: SWSE 2-143-97     Latitude: 47.227633     Longitude: -102.935649
Current Operator: LIME ROCK RESOURCES III-A, L.P.
Current Well Name: MATTHEW SCHMIDT 4-2-35H-143-97
    Field: CABERNET


Production data released prior to confidential status that is still available:

   Pool: BAKKEN     Cum Oil: 400     Cum MCF Gas: 1     Cum Water: 13614

Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-20163400013614100

Noted March 2, 107:
DateOil RunsMCF Sold
1-201744263351
12-201680553817
11-201687542268
From the file report:

This well is back on the confidential list but information prior to confidential from the rile report:

Change of operator from OXY USA to Lime Rock Resources in letter dated March 22, 2016.

Well completion report received by NDIC on April 6, 2015, but not fracked at that time.

It looks like TD = 20,516 feet. Middle Bakken penetrated at 11,041 feet.

Operator at that time: OXY USA.
  • middle Bakken
  • spud September 27, 2014
  • total depth, October 5, 2014
  • note: eight days, to include KOP, curve, and then lateral continued
  • spud to TD = 16 days. The lateral was done in one (1) run, 4.18 days
  • gas flare, 6 - 8 feet

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