Monday, October 21, 2019

The Staggering, Incredible Bakken -- Increased Density Projects -- October 21, 2019

Updates

October 22, 2019: a reminder --  western boundary of the reservation; "owned" by EOG; will put 22 wells on one 2560-acre spacing unit (April, 2013, dockets) --
Case 20107: Application of EOG Resources, Inc. for an order authorizing the drilling, completing and producing of a total of not more than eleven wells on an existing 1920-acre spacing unit comprised of Sections 25 and 36, T.152N., R.95W. and Section 1, T.151N., R.95W.; a total of not more than eleven wells on an existing 1280-acre spacing unit comprised of Sections 30 and 31, T.152N., R.94W.; and a total of not more than twenty-two wells on an existing 2560-acre spacing unit comprised of Sections 6, 7, 18 and 19, T.151N., R.94W., Clarks Creek-Bakken Pool, McKenzie County, ND, eliminating any tool error requirements and such other relief as is appropriate.
October 22, 2019: after posting the original note -- which was posted mostly to show how busy some parts of the Bakken are -- a reader suggested this was likely 320-acre spacing. In fact, there are no 320-acre spacing units in Clarks Creek. In the graphic below, the 320-acre units are highlighted in light purple (there are six 320-acre units in the graphic below, all in Antelope oil field). I've removed the locations of all the wells and horizontals and outlined Clarks Creek oil field in a heavier red line to make it easier to see:


The spacing in Clarks Creek is very unusual; it's hard to tell for sure but it looks something like this:
  • no 320-acre units
  • only one 640-acre unit
  • two (?) 960-acre units
  • two (?) 1280-acre units 
  • several 2560-acre units
  • in the graphic below, almost all of the wells are 2560-acre spaced wells
Original Note
 
22 well sites.

Distance, west to east: slightly less than half a mile.


Definition of an ideal well: pays for itself in six months; out-performs expectations; and, maintains a revenue stream for 35 years.

One example:
  • 32794, 2,382, EOG, Clarks Creek 74-0719H, Clarks Creek, t6/17; cum 363K 8/19; full production profile:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-201931271526324459343223051165
BAKKEN7-20193122002186454727856248372
BAKKEN6-201930233323914455299202725747
BAKKEN5-201931329733025311327723001938
BAKKEN4-2019303844381549312802724967724
BAKKEN3-2019313248321835832512621965732
BAKKEN2-2019282613261337572153418982472
BAKKEN1-2019313246327442892556822996311
BAKKEN12-2018314428438860962767525166265
BAKKEN11-20183033853389515423138155675600
BAKKEN10-2018314301428060512410822072100
BAKKEN9-2018304158420390022431221879464
BAKKEN8-20183146244627761127769232652512
BAKKEN7-20183143214485821336421262158192
BAKKEN6-201830521450656575363293468364
BAKKEN5-201830623862568318366523544446
BAKKEN4-2018307120716472913863437312110
BAKKEN3-201831771778017746401413883250
BAKKEN2-2018287808783512020451694312178
BAKKEN1-2018311262112644163226886366002366
BAKKEN12-2017311610316135181168268779683479
BAKKEN11-2017302119921206207798785086051596
BAKKEN10-201731330723305623424101426948875295
BAKKEN9-20172832115322632244166890618503978
BAKKEN8-20173150705511463406294249877785227
BAKKEN7-20173166090660395106895317940860
BAKKEN6-201723482424739242985284271701410574

Posted by at

5 comments:

  1. AnonymousOctober 22, 2019 at 12:37 AM

    Those wells are going different directions. That's not 22 wells side by side.

    ReplyDelete
    Replies
    1. Bruce OksolOctober 22, 2019 at 5:44 AM

      The wells are not all going in different directions. They are going in two different directions: some will run north to south; others will run south to north.

      "Generally speaking," half of the wells will run north; and half of the wells will run south.

      But that was not the point of the post. I was looking at it from the perspective of a landowner -- a farmer in most cases -- looking out from his/her house, and seeing 22 wells sited in one small area. And mind you, this was just a one half-mile by quarter-mile rectangle.

      The other point of the post was to show how difficult it will be for me to keep up with the Bakken.

      Delete
  2. ChrisOctober 22, 2019 at 10:22 AM

    It looks to me like this would be a 320 acre unit, unless its a portion of a bigger unit...

    ReplyDelete
    Replies
    1. Bruce OksolOctober 22, 2019 at 10:50 AM

      There are no 320-acre units in Clarks Creek oil field at this time. I've added a graphic to the post above. It appears all the wells in the graphic above are 2560-acre spacing for those that we have information (I don't know the particulars for those wells on confidential list).

      Delete
  3. ChrisOctober 22, 2019 at 10:45 AM

    After thinking about it, if it is only 1/4 mile north/south, it is only a 160 acre tract... (I'm pretty much typing out loud) LOL

    ReplyDelete

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