Idle Rambling On The Recently Discussed Van Hise Wells In Charlson Oil Field -- February 23, 2017

Updates

June 8, 2021: update here.

Original Post

The wells:

• 19845, 1,084, Petro-Hunt, Van Hise Trust 153-95-28C-21-1H, Charlson, t8/11; cum 615K 4/20; updated here; cum 653K 4/21; cum 689K 7/22;
  
• 21716, 943, Petro-Hunt, Van Hise Trust 153-95-28C-21-2H, t12/12; cum 539K 4/20; updated here; cum 556K 4/21; cum 578K 7/22;
  
• 29978, 1,209, Petro-Hunt, Van Hise Trust 153-95-28C-21-3H, Charlson, t8/18; cum 390K 4/20; cum 500K 4/21; 600K 7/22;
  
• 34121, 752, Petro-Hunt, Van Hise Trust 153-95-28C-27-1HS, 4 sections, Charlson, t8/18; cum 260K 4/20; cum 323K 4/21; cum 380K 7/22; this is a most unusual location for a section line well: talk about not letting any oil go orphaned; there may be other examples of such drilling, but I can't recall seeing any other examples.
  

• 26265, 2,168, Petro-Hunt, Van Hise Trust 153-95-28D-21-4H, Charlson, Three Forks, 34 stages; 4 million lbs, t9/14; cum 391K 4/20; recent production choked back; cum 411K 4/21; cum 439K 7/22;
  
• 26266, 2,476, Petro-Hunt, Van Hise Trust 153-95-28D-21-4H, Charlson, middle Bakken, 34 stages; 4 million lbs, t9/14; cum 450K 4/20; cum 471K 4/21; cum 495K 7/22;
  
• 26267, 1,672, Petro-Hunt, Van Hise Trust 153-95-28D-21-6H, Charlson, Three Forks, 34 stages; 4 million lbs, t9/14; cum 470K 4/20; cum 493K 4/21; cum 519K 7/22;
  

• 27055, 1,306, Petro-Hunt, Van Hise Trust 153-95-28D-21-1HS, 4 sections, Charlson, middle Bakken, 36 stages; 4.1 million lbs, t9/14; cum 509K 4/20; jump in production 12/18; cum 537K 4/21; 563K 7/22;
  
• 27056, 1,803, Petro-Hunt, Van Hise Trust 153-95-28D-21-2HS, 4 sections, Charlson, Three Forks, 34 stages; 3.9 million lbs, t9/14; cum 391K 4/20; jump in production, 8/18; cum 409K 4/21; cum 431K 7/22;
  

The graphic:

Original Post

This is pretty cool. Earlier I posted a note on a Van Hise well. Today I got a nice note from a reader who is familiar with the area and the wells. He wrote:

Thanks for the post on the Van Hise wells in section 28, 153-95. The 1H & 2H wells have been the  "steady eddies" in production and the 1H is approaching 500k barrels.

Petro Hunt has another permit for this pad (3H), which is on confidential and Petro-Hunt is waiting for approval to permit a "laydown" 2560 (27, 28, 33 & 34).

That information is all in the public domain.

The reader reminded me of a photograph that he sent me years ago of the early wells, a Newfield Skaar Federal well. I don't recall if I ever posted that photo, but here it is:

There are days I wish I could be back hiking in/on this prairie. Today is one of them.

Some thoughts:

• Petro-Hunt is getting very, very active
• I know nothing about Petro-Hunt, but it's almost as if they hung in there long enough to buy some great property at cheap prices, once Bakken 1.0 (the original boom died down); they seem to be doing an impressive job in the Bakken (see below)
• it is amazing to think that this well is less than five years old and is approaching 500,000 bbls of oil
• 437,550 bbls of oil and 891,745 MCF gas = 586,174 boe (oil/NG split = 75% / 25%) -- that split is quite interesting; the Bakken is said to be 93% oil and 7% natural gas
• in my early days of blogging I "blew off" the natural gas story; I was incredibly wrong
• it will be very interesting to see a laydown in this area; compare it to how the "standups" have been doing (and some other thoughts)
• back to this 5-year-old well; these wells will produce for 30 years; the consensus is 50% of production will be achieved within the first few years; I'm not convinced
• another random thought: the middle Bakken is very thin, as is the Three Forks; many folks seem to think that a "thin" payzone is less valuable than a thick payzone -- I think this is incredibly inaccurate, and very counter-intuitive. I would love to discuss my thoughts on this but better to be assumed an idiot than to be proved an idiot, or however that saying goes. LOL. I'm not talking about "multiple" payzones across different basins; I'm talking about comparing a one thin payzone with one thick payzone.

This is the area under discussion:

From my "Bakken Operators" post:

Petro-Hunt

• acquires about 130 wells to Petro-Hunt Dakota, LLC; daily activity report, January 27, 2017
• private, so details not easily found
• very, very active in permitting in last half of 2012
• sold 81,000 acres to HK in 2012
• rumored to have 600,000 acres in the Bakken prior to the Halcon deal; see comment at the link