Tuesday, December 3, 2019

The Staggering Bakken; Some Very Nice Bruin Wells In The Antelope Oil Field -- December 3, 2019

The well:
  • 35541, 2,539, Bruin, Fort Berthold 152-94-14D-2-15H3, Three Forks B1, 67 stages, 13.4 million lbs, t5/19; cum 193K 10/19; 
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH10-20193122782228212399751135424865346
SANISH9-201930280612796028449654425063111018
SANISH8-201931425454244841022900946849817730
SANISH7-20192741105409814025979240311372866
SANISH6-201930424834288552569680881649550090
SANISH5-2019101570815123227532049925919954

The well:
  • 35542, 2,587, Bruin, Fort Berthold 152-94-14D-2-13H3, middle Bakken, 67 stages; 16.1 million lbs; t6/19; cum 211K 10/19; 
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH10-20193124436244891877270436586727059
SANISH9-201930274872735321319685995389710745
SANISH8-201931424524235232960971967322519829
SANISH7-20193047019471243311779905732968087
SANISH6-2019306281463056545991058322793675285
SANISH5-201977068645215410100822239709

2 comments:

  1. The entry in the well production records of "RUNS" seems to have significance in the logs. I wonder if you might explain exactly what a "RUN" is and what its importance is in the well production records.
    Thank you for your blog,
    Bob Crandall

    ReplyDelete
    Replies
    1. Back in 2012, I did not know for sure, either, what "runs" meant:
      http://themilliondollarway.blogspot.com/2012/02/random-note-on-oil-patch-jargon-runs-vs.html

      But since then it is very clear:

      Production: amount of oil that the well actually produced.
      Runs: the amount of oil that was sold.

      "Runs" comes from the old days when oil was put in bbls and placed on a truck and then the truck took the oil to the refiner where it was processed. Each truckload was called a "run" and that term stuck.

      Even if a well is on the confidential list, if any oil is sold, that number ("runs") must be published. If a well is on the confidential list and producing oil, as long as no oil is sold from that well, the production is kept confidential. However, is any oil is sold, that must be reported, although the amount of oil sold will very likely differ from the actual amount of oil sold, although it may not vary by much.

      Let me know if this raises other questions.

      The "runs" must be reported because from the runs is determined the amount of royalties paid to mineral owners, the state, the federal government, etc.

      Delete

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