$50.34 | 2/7/2020 | 02/07/2019 | 02/07/2018 | 02/07/2017 | 02/07/2016 |
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Active Rigs | 54 | 63 | 58 | 40 | 42 |
Seven new permits, #37366 - #37372, inclusive:
- Operators: Petro-Hunt (6); Enerplus
- Fields: East Tioga (Burke County); Moccasin Creek (Dunn County)
- Comments:
- Petro-Hunt has permits for a 6-well Jorgenson/Estby pad in SWSW section 35-159-94, East Tioga oil field;
- Enerplus has a permit for an Amphibolite well in NENE section 17-147-93; Moccasin Creek;
- EOG: five Wayzetta permits in Mountrail County --
- these five wells are to the far east of the Parshall oil field; not a particularly great area; perhaps a bit too far east
- #32540, #32541, #32523, #32522, #32521
- Wayzetta 92-0136H
- Wayzetta 93-0136H
- Wayzetta 90-1312H
- Wayzetta 89-1312H
- Wayzetta 407-1312H
- interestingly, the one well in the 640-acre drilling unit in this area:
- 17281, 1,320, EOG, Wayzetta 13-01H, Parshall, t10/08; cum 481K 12/19;
- my hunch: someone will come back to this drilling unit
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The Enerplus Metamorphic Rock Pad
This pad is tracked here.
Amphibolite will be on/near the Enerplus pad with these wells:
- 36225, drl, Enerplus, Horfels 147-93-08D-05H, Moccasin Creek,
- 36226, drl, Enerplus, Mylonite 147-93-08D-05H-TF, Moccasin Creek,
- 36229, drl, Enerplus, Slate 147-93-08D-05H-TF, Moccasin Creek,
- 36231, drl, Enerplus, Argillite 147-93-08D-05H, Moccasin Creek,
- 36228, loc, Enerplus, Phyllite 147-93-17A-20H-TF, Moccasin Creek,
- 36230, loc, Enerplus, Quartzite147-93-17A-20H-TF, Moccasin Creek,
- 36232, loc, Enerplus, Marble 147-93-17A-20H, Moccasin Creek,
- 36233, loc, Enerplus, Gneiss 147-93-17A-20H-TF-LL, Moccasin Creek,
- 18752, 2,194, Enerplus, Henry Bad Gun 17A-20-1H, 22 stages; 2.4 million lbs; Moccasin Creek, t7/10; cum 501K 12/19; from the file report:
- 10 miles southeast of Mandaree in Dunn County
- part of Simray's Bakken program within the Williston Basin
- offset wells were essential in curve operations and for landing the well bore within the preferred target interval
- spud March 29, 2010
- vertical hole drilled in 66 hours
- the curve was drilled in 34.5 hours (currently, curves are generally drilled in 12 - 18 hours)
- it appears the lateral was drilled in 133 hours
- the lateral well bore remained in the target zone 90% of the time; and, 100% of its length was drilled within the greater middle Bakken interval
- background gas: 100 - 1,800 units
- gas shows ranged from 500 to 3,500 units before the flow was directed to the gas buster;
- some shows were as high as 6,000 units
- flares: 1-3 feet; increased to 10' as the lateral progressed
- the rig: Precision 512; spud to TD -- 21 days; an incredible job back in 2010
For a mineral owner, what does a 500K well mean?
- assumptions
- family inherited and kept 160 acres of minerals in this 1280-acre spacing unit
- during the height of the boom, these acres sold for $10,000/acre = $1,600,000
- the family negotiated a 20% royalty
- the average price of oil: $40/bbl
- calculations (usual disclaimer)
- 160/1280 = 12.5%
- 12.5% x 500,000 bbls = 62,500 bbls
- x $40 = $2.5 million
- x 0.20 (royalty) = $500,000
- total: $2.1 million
- and monthly royalties continue to be paid
- one well; repeat: one well
- this family will eventually have upwards of 24 wells in this drilling unit
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Tulip Season
My favorite season: tulip season.
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