I think "The Majors" are more Offshore. Theres still another well thay have to drill in your spacing to even out the royalties. Remember their only going to get 10% of the 1% of oil thats recoverable with todays technology. Its still early in the game, so hold on.
On Oct 3, 2:50 pm, "paul giannotta" <[EMAIL PROTECTED]> wrote: > Thanks for trying DepMe. Your absolutely right, it is on confidential status > till 11/15/2008. However, I spoke with one of the execs from Hess a few > weeks ago, he was somewhat evasive, however, he did disclose that it has > done a little over 50,000 barrels since going on line. Putting a pencil to > that number, outs me at around 650 bopd. Also he verified that it did > produce 9500 barrels in July. If you use the 20 days it was on line in July, > that would put you at around 500 bopd. He said it was "doing much better > than the well next to it" that being the RS State well. > I was looking for some solutions to bring the production up to the 1500 to > 2500 bopd that the Bakken should be producing. Do we REALLY have the > technology to get this oil out of not! > If you compare some of our numbers to what they are producing out of well in > Alaska or other places, we are "minor league" players. I want to get to the > "majors" Is that possible in North Dakota. I have read that the reason we > have no major players (Shell, Mobil, Exxon, ect) is because *they do not > think we can.* > Can anyone comment on that? > > > > On Fri, Oct 3, 2008 at 2:02 PM, DepME <[EMAIL PROTECTED]> wrote: > > > Bummer. I cant's bring up any stats on the well. It looks like it > > will be on confidential status until 11/15/08 > > > On Oct 3, 11:15 am, "paul giannotta" <[EMAIL PROTECTED]> wrote: > > > RS Becker well @35/156/92 its a Hess Well. Went on line July 11, 2008. > > > > On Fri, Oct 3, 2008 at 10:05 AM, DepME <[EMAIL PROTECTED]> wrote: > > > > > What well are you talking about Paul? > > > > > Just for a comparison, I pulled up data on the Bice 1-29H. It had an > > > > IP of 516 bopd. Over it's 3 months lifetime, it has averaged 91 > > > > bopd. And then there is the Austin 8-26H. It had an IP of 3070 > > > > bopd. Over 144 days it has averaged 1206 bopd. Both of these are > > > > recent TFS wells. > > > > > Does an IP rating mean anything in real life? > > > > > On Oct 3, 9:10 am, "paul giannotta" <[EMAIL PROTECTED]> wrote: > > > > > What can be done about an under performing well? Being where my well > > is > > > > > located I would expect to get a minimum of 1000 bopd. I'm now getting > > > > about > > > > > 600. What can be done? > > > > > > On Fri, Oct 3, 2008 at 8:45 AM, bradaz <[EMAIL PROTECTED]> wrote: > > > > > > > And sometimes the job done while drilling can give you an > > > > > > underperforming well. > > > > > > > And speaking of performing a frac job, there was a fire that burned > > > > > > all the trucks and equipment this week on the Wayzetta 14-02H. > > Haven't > > > > > > heard what started it, and thankfully no one was hurt. But the > > trucks > > > > > > and equipment for the frac job were let burn once it started so we > > > > > > have one less completion crew in the Basin for now. Hopefully, it > > > > > > won't affect the final completion of the well. > > > > > > > On Oct 3, 7:11 am, elwood <[EMAIL PROTECTED]> wrote: > > > > > > > that is a good explaination. when one realizes the complexity of > > > > > > > performing a 12 stage frac job, the mind boggles. so imo, the > > > > > > > variations are mainly a function of regional and random > > variations in > > > > > > > reservoir quality, probably mainly (natural) fracture intensity, > > and > > > > > > > random variations in where the hydraulic fractures are > > propagated. > > > > > > > > On Oct 3, 8:29 am, "Allen S." <[EMAIL PROTECTED]> wrote: > > > > > > > > > Probably not since the fracturing job is performed by a third > > > > party, > > > > > > > > who is coincidentally the same third party that performed the > > other > > > > > > > > successful frac jobs. > > > > > > > > > To some extent the occassional bad well is just how the cookie > > > > > > > > crumbles in that if this were easy and the same amount of oil > > was > > > > > > > > everywhere, everyone would be doing it and there wouldn't be so > > > > much > > > > > > > > money at stake. That and quite simply, geological formations > > are > > > > > > > > rarely homogenous and isotropic (the exact same) over any > > modest > > > > > > > > distance (few miles). The subtle differences between the great > > and > > > > > > > > good wells is likely no more identifiable than the differences > > > > between > > > > > > > > the good and uneconomic wells. > > > > > > > > > Now, all that being said I must caveat the whole thing with a > > "yes" > > > > > > > > for I have seen wells that were all but ruined by frac jobs. > > Ended > > > > up > > > > > > > > producing less oil and more water afterwards. Thankfully this > > > > isn't > > > > > > > > the norm. > > > > > > > > > On Oct 2, 6:40 pm, "[EMAIL PROTECTED]" < > > [EMAIL PROTECTED]> > > > > > > > > wrote: > > > > > > > > > > Good question. > > > > > > > > > > On Sep 30, 1:35 pm, go-devil <[EMAIL PROTECTED]> > > wrote: > > > > > > > > > > > I dont want to slam any companies, but whats with the bad > > > > wells? > > > > > > > > > > Can we blame it on little if any Fracing.- Hide quoted text > > - > > > > > > > > > > - Show quoted text -- Hide quoted text - > > > > > > > > > - Show quoted text -- Hide quoted text - > > > > > > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. 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