Monday, November 11, 2019

Random Update Of A Huge Petro-Hunt Well In The Charlson That Just Went Over 1,000,000 Bbls -- November 11, 2019

I've followed this well for quite some time and have posted updates several times.

This page will not be updated, but I figure that a well that goes over a million bbls in the Bakken deserves a stand-alone post. In this case, note the times this well has had a jump in production.

It would be interesting to know the likely percentage of OOIP that this well is capturing.

The well:
  • 20342, 1,430, Petro-Hunt, USA 153-95-4B-9-1H, Charlson, t11/11; cum 1.026493 million bbls 9/19;
Based on data from FracFocus, this well has never been refracked.

Production to date:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20192686448320388620130163418323
BAKKEN8-2019311157811302503323712135969900
BAKKEN7-2019311143411359500621022145076299
BAKKEN6-2019301104711170473018478525013019
BAKKEN5-2019291140511302521021183114189563
BAKKEN4-2019301351713749546020857132937356
BAKKEN3-2019311548715662574223353194283709
BAKKEN2-2019281513215103429721178174533530
BAKKEN1-2019311866018742503324830176766939
BAKKEN12-2018159183833030481068490861496
BAKKEN11-20180000000
BAKKEN10-20181232613644743708758111197
BAKKEN9-20183092779448198516977142652503
BAKKEN8-2018319216904021161796017618126
BAKKEN7-201831972498732209178901759579
BAKKEN6-201830106501110228551646116076176
BAKKEN5-20183111129105732472170021670482
BAKKEN4-201830111911139025491651415353952
BAKKEN3-2018311171011530243316543163270
BAKKEN2-201828111341123024701623115528508
BAKKEN1-2018311272412821290218163179470
BAKKEN12-20173113263129402992176331734374
BAKKEN11-201730131171345431081676982098351
BAKKEN10-2017311443914496328219217019001
BAKKEN9-2017301267412004368216658016477
BAKKEN8-20174501690858618390
BAKKEN7-20173151755311460810878920
BAKKEN6-2017305032503240573026873220
BAKKEN5-20173150544857418896227176029
BAKKEN4-201730533756095278791852260
BAKKEN3-20173157065469480897287560
BAKKEN2-20172853435422447834781520
BAKKEN1-20173166186749572932191050
BAKKEN12-201627495849284057677745641
BAKKEN11-20163059816106513851183020
BAKKEN10-20163161336120552941291960
BAKKEN9-20163061735929557943592260
BAKKEN8-20163168987184617106639790660
BAKKEN7-2016286046583048277987493105
BAKKEN6-201630642465895337351707765
BAKKEN5-20163167966533558819379770
BAKKEN4-20163069467205607903888280
BAKKEN3-20163173017386622821080000
BAKKEN2-2016246513615762677797172415
BAKKEN1-201623570458626889394907899
BAKKEN12-20153179458148794146731437086
BAKKEN11-2015308636843394115703154930
BAKKEN10-2015308957914610541434513804345
BAKKEN9-2015308520821368116447103415896
BAKKEN8-2015318888915379616914618010518
BAKKEN7-201531108631100213332018419081886
BAKKEN6-2015301029510306104415883156730
BAKKEN5-20153111035107078671575215291245
BAKKEN4-20153011438115408871848796808597
BAKKEN3-20153110827109417101207611640219
BAKKEN2-2015289185913754599069304406
BAKKEN1-201531123961279674625669232872165
BAKKEN12-201431144581453310391560872398279
BAKKEN11-20141556755310700666006569
BAKKEN10-201431152541577032715982104885277
BAKKEN9-2014963405735189645343902000
BAKKEN8-20140000000
BAKKEN7-20140000000
BAKKEN6-20140000000
BAKKEN5-20140000000
BAKKEN4-20142000000
BAKKEN3-20140000000
BAKKEN2-20140000000
BAKKEN1-20141236873884267605105967
BAKKEN12-2013319592969374615683015655
BAKKEN11-201330961793336721911890969818
BAKKEN10-20133110431103507371571097765718
BAKKEN9-20133010349101607091555485896755
BAKKEN8-20133110993118577961953925919063
BAKKEN7-20133111322106858322078811820453
BAKKEN6-201330113671172685720668146918989
BAKKEN5-201331122961179289921189240418569
BAKKEN4-201330125591262989922272357218490
BAKKEN3-201331132391323495720581148105554
BAKKEN2-201328125831282795620032186461190
BAKKEN1-20133114595144421100248271213812472
BAKKEN12-2012311554815648114726279511120951
BAKKEN11-20123016056159161259281491214415795
BAKKEN10-20123117610177671331310201963611167
BAKKEN9-20123018315183661573357041397721517
BAKKEN8-2012312136921695184035574296215735
BAKKEN7-2012302113020982165435137267478180
BAKKEN6-2012302467924635201239531365682753
BAKKEN5-201231270392753019213779637465114
BAKKEN4-2012302874228340208238850318876753
BAKKEN3-20123128251280471752367981798118601
BAKKEN2-2012292550125435138130823280372582
BAKKEN1-2012313003430262155340472345735689
BAKKEN12-20113133358333241563404522146218774
BAKKEN11-2011142128420366117724965024867
BAKKEN8-20110000000

The graphic:


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6 comments:

  1. AnonymousNovember 11, 2019 at 12:31 PM

    (post one of x)

    A "millionaire well"! Love these.

    My interest in 1MM+ Bakken wells was driven by a tiff between Michael Filloon and Enno Peters (of shaleprofile.com) (For what it's worth, my politics and cornucopianism aligns more with Mike than Enno. But in terms of data and truth and analysis, it's no contest for Enno.) Mike was talking about 200+ (recent) wells over 1 MM BO and such. Was proved wrong. You can read the brouhaha here:

    https://seekingalpha.com/article/4026208-bakken-update-adding-oil-glut-part-3-midland-basin-production-increases-262-percent-per-well#comment-74426032 (article paywalled, but you really don't need the article...all the action was in the comments)

    Anyhow, at the time, there were (in fact) only two (hz, post 2005) wells over 1 MM bo. The monster Petrohunt and CLR wells. But ever since, then, I have wanted to track "millionaires" to see how many there were.

    ReplyDelete
    Replies
    1. Bruce OksolNovember 11, 2019 at 12:42 PM

      Yes, the "successs" of the Bakken depended very much on where one stood. It appears to me the big winners in the Bakken were almost everyone except investors in publicly traded shares of companies working in the Bakken.

      Delete
  2. AnonymousNovember 11, 2019 at 12:32 PM

    (post two of x)

    The list below was generated from shaleprofile.com (cumulative ranking view) manually:

    https://shaleprofile.com/2019/10/14/north-dakota-update-through-august-2019/

    rank cum operator county
    1 1.738 Petro-Hunt McKenzie
    2 1.686 Continental Resources Dunn
    3 1.294 Denbury Bowman
    4 1.287 Denbury Bowman
    5 1.165 Denbury Bowman
    6 1.146 Murex Petroleum Mountrail
    7 1.14 Denbury Bowman
    8 1.104 Whiting Mountrail
    9 1.077 EOG Mountrail
    10 1.077 Denbury Bowman
    11 1.064 EOG Mountrail
    12 1.037 EOG Mountrail
    13 1.028 Denbury Bowman
    14 1.017 Petro-Hunt McKenzie
    15 1.004 Denbury Bowman

    This is based on AUG19 data. Note also that verticals are excluded. As are any hz wells before 2005. (And there are a few old verticals with over 1MM--I think even one over 2MM.) The "2005 and after start" restriction also probably excludes a few strong Red River hz wells, and/or even 1980s hz wells in the Bakken itself.

    Anyhow, just looking at the list, we see we're at 15 now. So longer those two monster wells lonely by themselves. Presumably that number will grow over the years. Still far from typical. Far. Far. But fun to watch.

    The two "leader wells" still seem to rise above the rest. Interesting that they have no brothers as this is different from the pattern with the Denbury and EOG millionaires, which have several MM+ wells now that are similar. There is now a second Petro-Hunt well over 1MM, but it's still way below the leader. While the CLR and PetroHunt leaders are in "good" areas, they seem to be somehow different than the norm...like a lucky hit into a large conventional pool or collected fracture or the like. They are also far from each other (not a trend).

    One last leader point: the CLR "executive officer" is a much more recent well and one with a stronger current rate of production. It has also been offline more than the PetroHunt "CO" over last couple years. It seems reasonable to expect that in a year or two, the CLR well takes first place. Of course this doesn't mean CLR has the best wells. They don't--in fact, they are very close to being a good representation of the Bakken average. But I'm sure, there will be some press release when CLR takes first place. And who can fault them...they did a lot to get MT/ND production going, in the Bakken and even Red River.

    Seven of the fifteen (almost half) are actually Denbury wells in the Bowman. Thus, Red River wells. Their presence makes me wonder if an older data source would show more Red River millionaires. But (unfortunately), Red River play seems to be over, other than a sporadic rig down there every now and then. So it's just kind of a ghost of Christmas past.

    After the Denbury seven, we have EOG in second place with three millionaires. Petro-hunt, takes the bronze now, with two MM+ wells (just having gotten that second well, referenced in your post). Companies with a single millionaire include CLR, Murex, and Whiting.

    In terms of counties, we see after the seven millionaires in Bowman, we see five in Mountrail, two in McKenzie, and one in Dunn. So some reasonable distribution within the Bakken core. Poor little Williams has no representation yet.


    ReplyDelete
  3. AnonymousNovember 11, 2019 at 12:34 PM

    (post three of x, last post)

    Looking at wells above 900,000 bopd, but below 1MM, we can see fifteen more wells on the launching pad. Within that group are an amazing ten (!) Denbury wells in the Bowman. Seeing a pattern? After that, are three EOG Mountrail wells (growing pattern). Then there is one more WLL Mountrail well. And in 30th place for cum, just over 0.9 MM bopd, there is an XOM (XTO) well in Williams county. Pretty old well (2009 start). So may take a while for XOM and Williams to join the millionaires' club.


    ReplyDelete
    Replies
    1. Bruce OksolNovember 11, 2019 at 12:49 PM

      I posted on the blog some months ago that I thought 2019 would be the year when we would see a lot of wells go over 500,000 bbls. It looks like I was a bit early; it now appears 2020 will be the year that the Bakken will be known as year of 500,000-bbl wells.

      Folks like me were inappropriately exuberant about the potential of the Bakken. In fact, the operators are "managing" their assets.

      Delete

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