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:

BAKKEN	1-2011	31	10352	10845	772	14132	10420	3495
BAKKEN	12-2010	31	10641	10516	744	9057	8840	0
BAKKEN	11-2010	30	10029	9965	674	14832	6671	7951
BAKKEN	10-2010	31	10606	10984	712	15545	9194	6134
BAKKEN	9-2010	30	10632	10013	713	15373	11392	3771
BAKKEN	8-2010	31	11307	11438	803	15828	8614	6997
BAKKEN	7-2010	31	11730	11426	838	15648	6636	8795
BAKKEN	6-2010	30	11671	11738	857	15394	4423	10761
BAKKEN	5-2010	31	12527	12602	902	12635	877	11541
BAKKEN	4-2010	30	12645	12771	902	18157	877	17070
BAKKEN	3-2010	31	13689	13385	970	19090	8089	10784
BAKKEN	2-2010	28	12882	13097	933	17663	14103	3364
BAKKEN	1-2010	31	14937	14836	1051	20312	16959	3136
BAKKEN	12-2009	31	15787	15729	1155	21066	16011	4838
BAKKEN	11-2009	30	15937	15995	1237	22310	9288	12812
BAKKEN	10-2009	31	17588	17987	1629	24681	21484	2980
BAKKEN	9-2009	30	15668	15286	1214	20404	19496	698
BAKKEN	8-2009	31	12737	13015	822	17691	13015	4459
BAKKEN	7-2009	31	13836	13625	892	16476	11800	4459
BAKKEN	6-2009	30	14163	14537	1004	16482	4235	12037
BAKKEN	5-2009	31	15556	15605	1125	18343	21	18112
BAKKEN	4-2009	30	16430	15914	1287	19949	3906	15833
BAKKEN	3-2009	31	18371	18615	1641	17030	17030	0
BAKKEN	2-2009	26	12301	12349	1435	12188	12188	0
BAKKEN	1-2009	31	9912	9841	899	10219	10219	0

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.