Huge Three Forks Well for Hess -- Mogen #2 -- Hawkeye Field -- Three Forks May Be >200 Feet Thick in Central Bakken -- The Williston Basin, North Dakota, USA

Updates

April 27, 2017: #20738 and #16694 have been off-line since 12/16.

April 27, 2017: #16694 is an interesting well. It was originally drilled in 2007 as HA-Mogen-152-95-0805H-1. In 2014, the company requested the name be changed to HA-Mogen-152-95-0805H-1 ST2, to re-enter the well and drill a sidetrack lateral. See graphic below.
 One can see the production profile at this post. 

The HA-Mogen Wells

The wells:

27815, 1,257, Hess, HA-Mogen-LE-152-95-0805H-1, Hawkeye, t11/14; cum 192K 3/17;

27801, 1,081, Hess, HA-Mogen-152-95-0805H-9, Hawkeye, t11/14; cum 150K 3/17;

27800, 1,489, Hess, HA-Mogen-152-95-0805H-8, Hawkeye, t11/14; cum 193K 3/17;

27799, 1,206, Hess, HA-Mogen-152-95-0805H-7, Hawkeye, t11/14; cum 176K 3/17;

25146, 764, Hess, HA-Mogen-152-95-0805H-6, Hawkeye, t1/14; cum 158K 3/17;

25145, 1,053, Hess, HA-Mogen-152-95-0805H-5, Hawkeye, t1/14; cum 272K 3/17;

25144, 892, Hess, HA-Mogen-152-95-0508H-4, Hawkeye, t12/13; cum 179K 3/17;

23071, 1,224, Hess, HA-Mogen-152-95-0805H-3, Hawkeye, t12/12; cum 391K 3/17;

20738, 1,496, Hess, HA-Mogen-152-95-0805H-2, Hawkeye, t12/11; cum 579K 3/17;

16694, 348, Hess, HA-Mogen-152-95-0805H-1 ST2, Hawkeye, t12/07; cum 310K 3/17;

Original Post 

Elsewhere they're talking about a Hess gusher:

• 20738, 1,496, Hess, HA-Mogen-152-95-0805H-2, Hawkeye, Bakken; s7/11; t12/11; F; cum 440K 3/14; producing 44K in its first full month of production; 38 stages; 3.7 million lbs including 3.5 million pounds ceramics (Econoprop); Three Forks;

This is the Hawkeye oil field, right in the bull's eye of the Bakken. It is offset, by about 150 feet, from:

• 16694, AB/348, Hess, HA-Mogen-152-95-0805H-1, Hawkeye, Bakken, s9/07/t 12/07; F; cum 143K 12/11;

Update on the Hawkeye field is linked here.

Case No. 16110: Application of Hess Corp. for an order amending the applicable orders for the Hawkeye-Bakken Pool to allow up to six horizontal wells and up to eight vertical wells to be drilled in a 1280-acre spacing unit described as Sections 18 and 19, T.152N., R.95W., McKenzie County, ND, and such other relief as is appropriate.

By the way, in this very same section (as the two wells noted above), these Madison wells (among others):

• 1596, 303/SI/PA, Hess, Hawkeye-Madison Unit F-618 HR, s11/57; t12/57; cum 788,158 bbls 12/11;
• 1555, 211/PNA, Hess, Hawkeye-Madison Uit G-617, s10/58; t12/58; cum 302K bbls 12/1969; 

For newbies, this is simply incredible -- this single section has had several very successful Madison wells; and now they go back in and drill a Bakken and a Three Forks, and look at that Three Forks well -- 44K in first full month of production; 64K at end of first two months; right in the heart of the Bakken.

And this is why I remain excited about the Bakken. Just think: up to 6 horizontal wells and 8 vertical wells in one 1280-acre spacing unit! And EURs are unaffected by neighboring wells. In the core Bakken horizontal Bakken/Three Forks wells are going to have EURs of a million.

Back to the very first link at the top of the post: this is what else they are saying:

• Helis has completed at least one well in the south Blue Buttes area for over 47,000 bbls, Three Forks
• writer "believes" several Bakken wells north of Parshall had early months with production > 50,000 bbls
• several other Three Forks producers in the Hawkeye/Charlson with very strong wells; the best is the Petro-Hunt Federal which has produced >1.2 million bbls and has not yet been fracked
• the Mogen well had about 23 feet of Sanish sand below the Bakken shale; the lateral was drilled in the dolomite just below that sandstone
• writer feels the Sanish sand is contributing to the high rate of production
• some say the Three Forks is over 200 feet thick in the central Bakken

Statoil To Spend $3 Billion on 40 Wells in 2012

Statoil bought BEXP in 2011.

Link here, which mentions that acquisition.

Can someone check my math: $3 billion/40 wells --> $75 million/well?

Unless my decimal is off, a Bakken well for $7.5 million seems like a good deal in comparison.

Again, my math could be wrong.

Or, maybe their musical productions are just that expensive:

Black Gold Hunters, Yes, This Is That Statoil

And Yet Another Huge Article on the Bakken: Wall Street Journal

Link here; may need paid subscription to get to original source, but I imagine it will be found free in a day or so by googling.

The numbers are mind-boggling; the content staggering. This is much more than just about oil production in North Dakota.

Minor Note on the Bakken

I remember when I first started blogging about the Bakken. I got a lot of notes saying folks would not move to Williston: it was too remote, too cold, too desolate.

I tended to agree until one astute reader reminded me there was a whole country north of Williston: Canada.

How interesting, then to read that Canada is the fastest growing country in the G8. I thought the growth would have been in the urban centers along the US-Canadian border on the east. It turns out I was wrong.

The growth in Canada has been in its remote, cold, and desolate regions: the Yukon and Alberta.

And I don't need to remind folks that too many families with children have now moved to Williston despite being too remote, too cold, too desolate.

(By the way, I blogged about the "family issue" maybe two years ago based on my 30+ year career in the US Air Force.)

The lede in the linked article:

Canada's population rose at a faster rate than any other G8 nation over the past decade, thanks to a wave of immigration and slightly higher fertility, census data showed on Wednesday.

The population of Canada increased 5.9 percent between the 2006 and 2011 censuses to 33,476,688 people, compared with a 5.4 percent increase during the previous five-year period.

Statistics Canada attributed two-thirds of the gains to immigration and the rest to a rise in the number of births.

The largest increases were in gold-rich Yukon and Alberta, which boasts the third largest oil reserve in the world. Populations in the two regions increased more than 10 percent over the past five years.

Dame Edna Interviews kd lang

Ooooohhhhh -- This Is Getting Too Exciting ---

Link here to CarpeDiem.com ---

The "Economic Miracle State" of North Dakota pumped another record amount of oil during the month of December at a daily rate of almost 535,000 barrels, which was 55% above its output from a year earlier, and only the second time that the state's daily production exceeded 500,000 barrels (see chart above, data here). Oil production in the Peace Garden State has more than doubled from 246,000 barrels per day two years ago, and North Dakota is now producing enough oil to completely displace the imports of crude oil from Colombia (364,000 bpd) or Iraq (422,000 bpd).

Production will likely pass Alaska and California within months.

Again, the bragging rights could be short-lived, if California bumps up their drilling activity. Governor Brown is do everything he can to get things moving in California's oil patch. Alaska is a somewhat different story but it, too, could come roaring back.

Regardless, it certainly puts into perspective the Bakken for those who in 2008 felt that the Bakken was being over-hyped.  No, the Bakken won't solve all of the energy challenges for the uS, but it certainly made an impact, including a huge WTI-NYMEX-Brent differential.

For investors, through January, 2012, NOG had a better rate of return than AAPL over the past five years. And NOG has no rigs of its own.