Bakken Wells Completed In June - Statoil With The Best Wells

Several Bakken wells have been completed so far in June and many more are still on the confidential list in North Dakota. Both Exxon and Statoil reported wells producing more than 1,800 b/d. Continental Resources reported one completion:

  • #23220 -CONTINENTAL RESOURCES, INC., RENNERFELDT 3-30H, LOT4 19-155N-98W, WILLIAMS CO., 475 BOPD, 680 BWPD -BAKKEN

Exxon (XTO) reported two completions:

  • #24384 - XTO ENERGY INC., CARTER 14X-12H, SWSW 12-154N-96W, WILLIAMS CO., 1677 BOPD, 800 BWPD -BAKKEN
  • #24385 - XTO ENERGY INC., CARTER 14X-12D, SWSW 12-154N-96W, WILLIAMS CO., 1818 BOPD, 954 BWPD -BAKKEN

Hess has completed three wells:

  • #23131 - HESS CORPORATION, SC-NORMAN 154-98-3130H-5, SESW 31-154N-98W, WILLIAMS CO., 468 BOPD, 204 BWPD -BAKKEN
  • #23573 - HESS CORPORATION, AN-BOHMBACH 153-94-2734H-5, NWNE 27-153N-94W, MCKENZIE CO., 1065 BOPD, 185 BWPD - SANISH
  • #23825 - HESS CORPORATION, EN-STATE D 154-93-2635H-4, NWNE 26-154N-93W, MOUNTRAIL CO., 1008 BOPD, 624 BWPD -BAKKEN

Oxy reported one completion:

  • #24705 - OXY USA INC., STAG 1-35-23H-142-96, SESW 35-142N-96W, DUNN CO., 828 BOPD, 2947 BWPD -BAKKEN

Samson reported one completion:

  • #23720 - SAMSON RESOURCES COMPANY, MONTCLAIR 0112-2TFH, LOT4 1-163N-99W, DIVIDE CO., 318 BOPD, 478 BWPD -BAKKEN

SM Energy reported two completions:

  • #24212 - SM ENERGY COMPANY, JEGLUM 3-29HNB, NENW 29-163N-100W, DIVIDE CO., 333 BOPD, 796 BWPD -BAKKEN
  • #24211 - SM ENERGY COMPANY, JEGLUM 3-29HNA, NENW 29-163N-100W, DIVIDE CO., 219 BOPD, 491 BWPD -BAKKEN

Statoil has reported five completions:

  • #22585 - STATOIL OIL & GAS LP, LONNIE 15-22 4TFH, NWNW 15-151N-101W, MCKENZIE CO., 1429 BOPD, 6369 BWPD - BAKKEN
  • #23741 - STATOIL OIL & GAS LP, JEROME ANDERSON 15-10 7TFH, SWSE 15-155N-92W, MOUNTRAIL CO., 1794 BOPD, 6135 BWPD -BAKKEN
  • #22915 - STATOIL OIL & GAS LP, ROGER SORENSON 8-5 2TFH, SWSW 8-155N-92W, MOUNTRAIL CO., 1136 BOPD, 2270 BWPD -BAKKEN
  • #22916 - STATOIL OIL & GAS LP, ROGER SORENSON 8-5 3H, SWSW 8-155N-92W, MOUNTRAIL CO., 1972 BOPD, 3367 BWPD -BAKKEN
  • #23425 - STATOIL OIL & GAS LP, ROGER SORENSON 8-5 6TFH, SWSW 8-155N-92W, MOUNTRAIL CO., 1299 BOPD, 4558 BWPD -BAKKEN

WPX reported one completion:

  • #23305 - WPX ENERGY WILLISTON, LLC, BLACKHAWK 1-12HB, SWSE 36-148N-93W, DUNN CO., 1480 BOPD, 1158 BWPD -BAKKEN

QEP Resources Bakken Well Pad Surpasses 15,000 Barrels Per Day!

QEP Resources Bakken Three Forks Acreage Map
QEP Resources Bakken Three Forks Acreage Map

QEP Resources Bakken production was down in the first quarter due to the company's transition to pad drilling. That was quickly reversed as the company brought its first four well pad online on its South Antelope acreage in the second quarter.

The four wells had a 24-hr, initial production rate that eclipsed 15,000 boe/d or 3,929 boe/d per well after processing when added together. That's after QEP produced just 17,000 boe/d in the first quarter of 2013.

The first two wells actually eclipsed 4,500 boe/d each and that is from the first two wells the company has drilled in the area. QEP Resources acquired its South Antelope acreage from Helis for $1.3 billion in late 2012.

“I am pleased with QEP`s strong operational results this quarter and I am encouraged by the very strong well results from our first operated multi-well pad on the South Antelope Acquisition,” commented Chuck Stanley, Chairman, President and CEO of QEP Resources. “As anticipated, it has taken some time to transition to pad development, where multiple wells are drilled and cased before completion activity commences.”

QEP operates 8 rigs targeting the Bakken and Three Forks in the region.

Watch for lumpy production rates as operators shift to pad drilling. This is perfect example of how significant volumes can come online all at once.

Read the full operations update at qepresources.com

Halcon Bakken Well Surpasses 3,000 Boe/d On Fort Berthold Reservation

Halcon Resources Bakken Acreage Map
Halcon Resources Bakken Acreage Map

Halcon Resources is running eight rigs across a 135,000 acre position in the Bakken and continues to implement drilling & completion modifications.

The latest changes look to be paying dividends. The three most recent wells completed on the Fort Berthold Reservation had an average initial production of 2,648 boe/d (78% oil). That's a 38% improvement over wells completed in the first quarter of 2013.

The following completion modifications have been made on recent Bakken wells:

  • Plug and perf completions
  • Ceramic proppant
  • Higher proppant volume per lateral foot
  • Increased stage density
  • Utilizing simultaneous zipper fracks
“The most impressive well was completed on the reservation at a rate of 3,060 boe/d (90% oil). That’s a Halcon record.”

A second well is being completed on the same pad and is producing more than 2,700 boe/d with just 67% of the lateral contributing. Additional frac plugs will be drilled out and production will likely increase.

Three Forks Wells Improving

Engineering changes are improving Three Forks well performance as well. The past four wells have come online at more than 2,800 boe/d (86% oil) or a 77% improvement from first quarter wells.

Halcon is testing 660-ft spacing in the Bakken and is also participating in Continental Resources' Rollefstad Unit that will test the upper three benches of the Three Forks.

The company has seen well costs average $10 million and is targeting well costs of $9 million by year-end 2013.

Marmon Area Bakken Wells Improving Too

Two recent wells in the Marmon area are projected to have EURs of 462,000 boe or 91% higher than previous wells. New completion designs will likely change the way the Bakken is developed in many areas of the Williston Basin. Well costs in this area are already down to $9.5 million are expected to fall to $9 million as well.

Halcon has 137 wells producing, 14 wells awaiting completion, and 8 wells being drilled across the Williston Basin.

In other areas, Halcon also announced plans to spend more on Eagle Ford development outside of the traditional fairway. Read the company's full operations update at halconresources.com

Bakken Oil Terminal Started From Mothballed Ethanol Plant in Oregon

Crude Oil Train Passing Mountain
Crude Oil Train Passing Mountain

An Oregon ethanol plant that went bankrupt within a year of opening is now being used to store and ship Bakken crude oil. The plant was built at a cost of $200 million and was supported by $36 million in green loans and tax credits. The plant was purchased by Global Partners of Massachusetts in February for $94.2 million.

Global Partners is using the facility for crude oil transloading and could restart the ethanol plant if market conditions improve.

The facility is in the Port of St. Helens' Port Westward industrial park near Clatskanie, OR. The facility began accepting crude oil by rail deliveries late in 2012.

It's the first major crude oil terminal to begin operations in the area in decades.

Kodiak Buying Bakken Assets From Liberty Resources For $660 Million

Kodiak Bakken Acreage Map
Kodiak Bakken Acreage Map

Kodiak Oil & Gas has signed a purchase and sale agreement with Liberty Resources for 42,000 net acres in the Williston Basin for $660 million.

The acquisition includes acreage prospective for the Bakken and Three Forks formations in McKenzie and Williams counties.

In total, a portion of 35 (1,280-acre) spacing units are included in the deal.

  • 14,000 net acres adjacent to the Polar Area
  • 25,000 net acres west of the Koala & Smokey areas

Production from the assets averaged 5,700 b/d in May of 2013. Kodiak will also assume a rig contract that has 14 months remaining.

After closing, Kodiak will control 196,000 net acres in the Bakken.