The Million Dollar Way (The Bakken Oil Blog): EOG With Fourteen Permits Renewed February 11, 2019

Monday, February 11, 2019

Fourteen permits renewed:

EOG: five Wayzetta permits (13-153-90); nine Ross permits (six in section 8-156-92; three in section 4-156-92); all in Mountrail County

The five Wayzetta permits:

32523, loc, EOG, Wayzetta 90-1312H, Parshall, Bakken; 1280-acre; from section 13 to section 12;
32522, loc, EOG, Wayzetta 89-1312H, Parshall, Bakken; 1280-acre; from section 13 to section 12;
32521, loc, EOG, Wayzetta 407-1312H, Parshall, Bakken; 1280-acre; from section 13 to section 12;
32520, conf, EOG, Wayzetta 87-1312H, Parshall, Bakken; legal name suggests from section 13 to section 12;
32519, conf, EOG, Wayzetta 86-1312H, Parshall, Bakken; legal name suggests from section 13 to section 12;

The graphics for the Wayzetta permits:

First, look how far east these wells are:

Zooming in on the renewed permits:

Producing wells of interest in the graphic:

17044, 1,519, EOG, Wayzetta 6-12H, Parshall, one section, t11/08; cum 556K 12/18;
17083, 956, EOG, Wayzetta 1-13H, Parshall, one section, t11/08; cum 452K 12/18;
25747, 915, EOG, Wayzetta 29-1424H, Parshall, ICO, t4/14; cum 303K 12/18;
25748, 744, EOG, Wayzetta 38-1424H, Parshall, ICO, t3/14; cum 315K 12/18;
25749, 790, EOG, Wayzetta 28-1424H, Parshall, ICO, t3/14; cum 377K 12/18; this well has had some jumps in production; a very good well; currently producing over 4,000 bbls/month

Comments:

note that the one-section wells have produced around 500,000 bbls of oil; some would suggest that had these been two-section wells, they would have produced over one million bbls of oil by now
look how far east these wells are

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Now, the Ross permits.

The graphic shows the nine Ross permits that were renewed in Alger oil field:

These Ross permits in Alger oil field were renewed February 11, 2019, and are depicted in the graphic above:

Producing wells of interest in that graphic:

19679, 866, EOG, Ross 31-0806H, Alger, t6/11; cum 259K 12/18; steady Eddy; currently 1,200 bbls/month;
17531, 750, EOG, Ross 5-08H, Alger, t9/09; cum 196K 12/18; steady Eddy; but a mediocre well at best;
19722, 847, EOG, Ross 29-1716H, Alger, t2/11; cum 166K 12/18; steady Eddy; but a mediocre well at best;
18444, 282, EOG, Ross 100-09HH, Alger, t3/10; cum 125K 12/18; steady Eddy; a fairly unremarkable well;
16587, 294, EOG, Ross 20-16H, Alger, t7/10; cum 130K 12/18; steady Eddy; a fairly unremarkable well;
20295, 184, EOG, Ross 28-1615HH, Alger, t9/11; cum 127K 12/18; steady Eddy; a fairly unremarkable well;
17950, 460, EOG, Ross 1-09H, Alger, t7/09; cum 146K 12/18; steady Eddy; a fairly unremarkable well;
20296, 381, EOG, Ross 30-0915H, Alger, t9/11; cum 210K 12/18; steady Eddy; nice bump in production in 3/17, and has maintained production at 2,000 - 4,000 bbls/month for quite some time;
18819, 526, EOG, Ross 13-15H, Alger, t6/10; cum 151K 12/18; steady Eddy; a fairly unremarkable well;

For newbies;

this gives folks an idea of how many wells are yet to be drilled in the Bakken
these Ross permits -- the ones renewed -- 9 of them in 2560-acre spacing
there were already many wells drilling in the immediate area
the producing wells are not all that great by "current" standards
the producing wells might be re-fracked at the time the new wells are fracked; or maybe we will see the effect of the new fracks on these older wells
generally speaking, operators are not drilling wells in Tier 1 if they don't anticipate EURs of 1.3 million bbls oil
all wells are targeting the "Bakken" pool according to the scout ticket but some will be targeting the middle Bakken; others will be targeting the first bench of the Three Forks; the lower benches of the Three Forks is not being targeted by any of the wells;