Does Ballard Have A Productive Well North Of Glenburn?
On a completely different note, another reader over at the "Discussion Group" reports that a local farmer from the Glenburn area says that Ballard Petroleum struck oil north of Glenburn. There is a Ballard wildcat north of Glenburn:
- 27319, 600, Ballard Petroleum, Fines 24-19, wildcat, north of Glenburn, 19-159-81; Chatfield, Madison pool, t6/14; cum 137K 5/17;
- 27703, dry, Ballard Petroleum, Mddaugh 33-23, wildcat, north of Glenburn, 23-160-81,
- 27704, dry, Ballard Petroleum, Drovdal 13-2, wildcat, north of Glenburn, 2-160-81,
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Devon Reports Record Rate For STACK Well
From Oil & Gas Journal:
- southwest Kingfisher County, OK
- Privott 17H; EUR of more than 2 million boe; IP was 50% oil
- 10,000-foot lateral (a long lateral); upper Meramec interval
- rate of 6,000 boe/d
- record rate for IP for a well in the STACK place (Sooner Trend, Anadarko, Canadian, Kingfisher)
- the rate was "facility restrained"
- record Bakken well: Whiting's Flatland Federal 11-4TFH, IP of 7,800 BOE; 94% oil
- the Flatland Federal wells are tracked here
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Small Producers Feeling Pressure In The Permian
At $40,000 / acre I always thought the Permian was a high-risk venture for "smaller" operators. I think I posted that but don't recall. Whatever.
Now, over at Chron.com, "small Permian producers feel pinch of $45 oil."
For some small oil companies in West Texas, low crude prices are beginning to sting.More at the link.
Green Century Resources, a private oil company in Midland, is weighing an investment in a drilling project that appeared profitable a few months ago when crude prices hovered above $50 a barrel. Now, with U.S. prices under the $45-a-barrel mark, the small company may have to hold off on its plans, said James Mayer, founder and chief executive of Green Century.
"If oil holds under $45, that would make a difference to us," Mayer said, adding his company is working to whittle down its projected capital and operating costs.
Several small operators in West Texas told the Houston Chronicle they're face increasing pressure from rising oil field service costs, particularly in hydraulic fracturing, in part because the downturn wiped out some of the service companies and allowed rivals to raise prices. That oil prices are falling now has convinced some to rethink their expansion plans for the year, which were set at a time when oil prices were higher.
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