Saturday, February 25, 2017

Petro-Hunt Looking To Put Five Wells In A 640-Acre Drilling Unit In The Charlson Oil Field -- February 25, 2017

Updates

February 26, 2017: I've always considered the Charlson oil field one of the better fields in the Bakken, but the field is not even on the top 20 list for a) overall production; or, b) production/well.

Original Post
 
Remember: regardless of the size of the drilling unit, or the length of the horizontal, operators are targeting wells with EURs of at least 500,000 bbls of oil these days.

This is pretty cool.

In a 640-acre laydown drilling unit, Petro-Hunt is looking to place five horizontal Bakken pool (middle Bakken or Three Forks) wells.

From the March, 2017, hearing dockets:
  • Case #25671 (not a permit, but a hearing case number), Petro-Hunt, Charlson-Bakken, four wells on a laydown 640-acre unit; S/2 of sections 35/36-154-95; six wells on an overlapping 1280-acre unit; McKenzie County
This is the approximate 640-acre drilling unit, the south half of the two neighboring sections, south of the river:

Petro-Hunt is looking to have as many as five wells in that 640-acre drilling unit outlined in red. The producing well in that drilling unit (#16963) has produced over 700,000 bbls in less than ten years and is still going strong. It will be interesting to look at the production profile of this well when four more wells are "squeezed" into this small drilling unit. 

Note the dual lateral that was drilled back in 2008:

16963: note the two laterals going off in different directions; one lateral fracked with 580,578 lbs of sand; the other lateral fracked with 470,943 lbs of sand.
  • 16963, 423, Petro-Hunt, USA 35D-1-1H, Charlson Three Forks, t12/08; cum 716K 12/16:
  • The production profile for the first two years, pretty impressive:
BAKKEN1-201131103521084577214132104203495
BAKKEN12-2010311064110516744905788400
BAKKEN11-2010301002999656741483266717951
BAKKEN10-20103110606109847121554591946134
BAKKEN9-201030106321001371315373113923771
BAKKEN8-20103111307114388031582886146997
BAKKEN7-20103111730114268381564866368795
BAKKEN6-201030116711173885715394442310761
BAKKEN5-20103112527126029021263587711541
BAKKEN4-20103012645127719021815787717070
BAKKEN3-201031136891338597019090808910784
BAKKEN2-201028128821309793317663141033364
BAKKEN1-2010311493714836105120312169593136
BAKKEN12-2009311578715729115521066160114838
BAKKEN11-2009301593715995123722310928812812
BAKKEN10-2009311758817987162924681214842980
BAKKEN9-200930156681528612142040419496698
BAKKEN8-200931127371301582217691130154459
BAKKEN7-200931138361362589216476118004459
BAKKEN6-2009301416314537100416482423512037
BAKKEN5-20093115556156051125183432118112
BAKKEN4-2009301643015914128719949390615833
BAKKEN3-2009311837118615164117030170300
BAKKEN2-2009261230112349143512188121880
BAKKEN1-2009319912984189910219102190

Look how long that well produced at a rate over 10,000 bbls/month with minimal amount of proppant. 

The well had a "slow" decline rate and still produces over 3,000 bbls of oil each month.

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