Pages

Thursday, September 27, 2018

Random Update Of The Kennedy-Miles Wells -- September 27, 2018

The Miles-Kennedy wells are tracked here.

A reader sent me the August, 2017, production number for the wells based on his pay stub:
  • 33220 - Miles 8-6H1  1,423
  • 33221 - Miles 7-6H 29,397
  • 33222 - Miles 6-6H2 27,289
  • 33223 - Miles 5-6H   11,995
  • 33224 - Kennedy 8-31H1 11,025
  • 33225 - Kenney 7-31H 45,053
  • 33226 - Kennedy 6-31H2 20,733
  • 33227 - Kennedy 5-31H 16,497
The following has been minimally edited and is not ready for prime time. Opinions only. Idle chatter. I am inappropriately exuberant about the Bakken:
When I saw the numbers I replied:
As I told the other reader regarding the production numbers from his pay stub -- the numbers that operators are now reporting for the Bakken are simply incredible. 
Remember, when we were excited about seeing 3,000 bbls / month for a new well? This gets back to the percent of original oil in place (OOIP) that operators are getting out of primary production. At one time, they said only 1- 3% return of OOIP; then up to as much as 12%.  When you go from 3% to 6%, that's double the production. Imagine going to 12% -- one wonders if we are starting to see that? Idle chatter.
The writer replied:
In the early days, a $700 check was unbelievable.  The 3,000-barrel-a-month well was great and if we got to 175,000 barrels, it took a really long time.  Now we are looking at wells in the same area that could easily surpass 175,000 in less than 6 months.   
And of course, we know that they will drill upwards of 24 wells in these sections, all with higher monthly output.   
I’m interested in the latest USGS survey that is supposed to come out next year.  The numbers have to increase exponentially as to OOIP and prove again that this is a world class asset.   
I look to other sections in this area where Oasis is looking at more than 50 wells per drilling unit.  Can you imagine 45K barrels a well x 50 wells per month?   Mind blowing to say the least.   
In addition, the parent Kennedy and Miles wells (Kennedy 3-4, Miles 3-4) are now at 12,000 barrels a month.  Prior to these latest wells being drilled, they were only at 3,000 barrels a month on a good month.  
Time to send that note to Jane Nielson and Art Berman.

**************************
Previously Post July, 2018, Data From The Same Reader

I was going to"erase" this data when I got the official NDIC data, but I've decided to keep the data for archival purposes.

A reader was kind enough to send me an update on production of these wells based on his pay stub. I cannot verify these and there may be typographical errors. When I get the official NDIC data, I will update the data. But a huge "thank you" to the reader for sending this note providing an update now that neighboring wells have been completed and the parent wells (Kennedy 3 and Kennedy 4 are back on line).

From the reader:
 
The pay statements don't show how many days the wells were producing. With that being said, two of the parent wells had a substantial increase in production after coming back on line. 
  • the Kennedy 3 well:
    • July (unknown number of days): 15,509 bbls oil -- this is an old well; completed in February, 2015, and the most recent production (July, 2018) was the fifth-highest producing month in the life of this well
    • June (22 days): 8,243 bbls
    • prior to that: in the 4,000-bbl/month range
  • the Kennedy 4 well (same comments as above with regard to number of days):
    • July: 12,337 bbls of oil (fifth most productive month; also completed February, 2015)
    • prior to that: in the 5,000-bbl/month range
  • as for the new wells, they reported the following (unknown number of days):
    • Miles 5 - no production 
    • Kennedy 5 - no production
    • Miles 6 - 5,615 bbls
    • Kennedy 6 - 5,198 bbls
    • Miles 7 - 19,031 bbls
    • Kennedy 7 - 14,654 bbls
    • Kennedy 8 - 9,810 bbls

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.