Friday, December 22, 2017

Random Look At High-Producing Wells In North Dakota -- October, 2017 Data -- Note: NDIC Error On Production

Disclaimer: in a long note like this there will be typographical and factual errors. If this information is important to you, go to the source. I often make simple arithmetic errors. Assumptions regarding royalty calculations are simply that, assumptions. They could be way, way off. 

In October, 2017, there were:
  • 97 wells that had runs of more than 30,000 bbls of crude oil for the month
  • 37 wells that had runs of more than 40,000 bbls of crude oil for the month
  • 15 wells that had runs of more than 50,000 bbls of crude oil for the month
Note: "production" vs "runs" in the data on these pages. I prefer to post "production" numbers, but if the well is on confidential status, we will only have "run" data. With wells on confidential we have no idea how many days the well was actually on-line and producing oil; it could be anywhere from one day to 31 days.

Wells that had runs greater than 60,000 bbls of crude oil in October:
  • 33398, conf, WPX, Hidatsa North 14-23HX, Reunion Bay, 83,607 bbls (runs)
  • 33381, conf, WPX, Mandan North 13-24HW, Reunion Bay, 75,779 bbls (runs)
  • 32830, 1,983, Enerplus, Smooth Green 152-94-18A-19H, Antelope, Sanish, 35 stages; 16.9 million lbs, 72,887 bbls (production)
  • 33345, 3,774, MRO, Lund 44-35H, Reunion Bay, 72,907 bbls (production)
  • 33347, 3,530, MRO, Houser 14-36H, Reunion Bay, 68,733 bbls (production)
  • 24532, 2,838, Petro-Hunt, Clear Creek 152-96-34A-3H, Clear Creek, 58,298 (production); see below
Almost 60,000:
  • 33325, 5,072, MRO, Chapman 31-15H, Bailey, 58,141 bbls (production)
  • 33346, 4,378, MRO, Harley 14-36TFH,  Reunion Bay, 56,009 bbls (production)
********************************
Royalties

#32830 is spaced at 1280 acres. A mineral own with ten acres ownership:
  • 72,887 bbls/1280 acres = 56.943 bbls
  • 56.943 bbls * 10 acres = 569.43 bbls
  • 569.43 bbls * $40/bbl =  $22,777
  • $22,777 * 18% royalty rate = $4,100 for the month for that one well
There are eight wells in that drilling unit:
    • 26988, 4,791 bbls; $270
    • 26989, 3,553 bbls; $200
    • 26990, 2,008 bbls; $113
    • 26737, shut-in; was producing 5,000 bbls/month as of 7/17; installed a gas lift in August, 2017; need to follow this up in two to three months;
    • 32849, 27,099 bbls; $1,519
    • 32832, 44,792 bbls; $2,520
    • 32831, 40,386 bbls; $2,272
    • 32830, 72,887 bbls (as noted above): $4,100
  • Total: $11,000 for the month of October
**********************************
Closer Look At #24532

 Update

January 13, 2018: yes, the production dat for 10/17 was originally in error -- corrected production:
 
24532, recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20173012911368317321130020
BAKKEN10-20173112951350285334331270
BAKKEN9-20173013181185293335231430
BAKKEN8-20173113861389360370234860
BAKKEN7-20173114091615325371635040
BAKKEN6-201730134311543353442319340
BAKKEN5-201731154516203253894362850


Original Post
The well:
  • 24532, 2,838, Petro-Hunt, Clear Creek 152-96-34A-3H, Clear Creek, 58,298 (production); see below
Fracking history:
  • FracFocus: 8/30 - 31/2013
  • FracFocus: no report of any recent frack
  • sundry forms: no evidence of any re-frack
  • map: no neighboring wells show any recent fracking; no neighboring wells show any similar production increase; in fact, production in neighboring wells is generally quite poor
Conclusion: one wonders if production data for this well as reported for October, 2017, might be an error.


Recent production (note the jump from 1,500 bbls/month in 9/17 to almost 60,000 bbls in 10/17 :
NDIC File No: 24532     API No: 33-053-04649-00-00     CTB No: 124532
Well Type: OG     Well Status: A     Status Date: 9/21/2013     Wellbore type: Horizontal
Location: SWSE 27-152-96     Footages: 264 FSL 1416 FEL     Latitude: 47.949356     Longitude: -102.946579
Current Operator: PETRO-HUNT, L.L.C.
Current Well Name: CLEAR CREEK 152-96-34A-3H
Elevation(s): 2397 KB   2371 GR   2370 GL     Total Depth: 15670     Field: CLEAR CREEK
Spud Date(s):  7/5/2013
Casing String(s):  9.625" 1880'   7" 10865'  
Completion Data
   Pool: BAKKEN     Perfs: 10865-15670     Comp: 9/21/2013     Status: AL     Date: 5/6/2014    Spacing: ICO
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 240538     Cum MCF Gas: 361893     Cum Water: 38385
Production Test Data
   IP Test Date: 9/22/2013     Pool: BAKKEN     IP Oil: 2838     IP MCF: 3416     IP Water: 837
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-2017315829858353285334331270
BAKKEN9-20173013181185293335231430
BAKKEN8-20173113861389360370234860
BAKKEN7-20173114091615325371635040

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