I forgot to ask, was Elm Coulee downsized to 320's?
On Oct 21, 11:15 am, go-devil <[EMAIL PROTECTED]> wrote:
> The Article I am referring to is below and was just posted in the
> Mountrail County Promoter.
> I am not sure if I'm reading into it wrong because you make a valid
> point,
> but I think its more or less making their leaseholds more attractive
> in some way?
> In no way slamming Brigham here just want to understand why the 320
> talk when there pushing 1280's.
> Would this not be considered waste and whatever else it is that they
> talk about at trial.
> Thanks everyone only hope more join in.
>
> Brigham Exploration Announces Significant Three Forks Discovery in
> Mountrail County, ND
>
> AUSTIN, TX, Oct 07, 2008 (MARKET WIRE via COMTEX News Network) --
> Brigham Exploration Company (NASDAQ: BEXP) announced that its first
> Three Forks well in the Williston Basin was a discovery, producing at
> a recent rate of approximately 892 barrels of oil equivalent per day.
> Brigham controls approximately 27,780 net acres in the Ross Area,
> where Brigham has completed four consecutive horizontal Bakken wells,
> and plans an active development drilling program for the Bakken and
> Three Forks.
>
> Ross Area Three Forks Discovery -- In Mountrail County, North Dakota,
> Brigham has successfully completed its first Three Forks test, the
> Adix 25 #1H. The Adix 25 #1H is currently flowing approximately 765
> barrels of oil and 760 Mcf of natural gas per day up 7 inch casing.
> Brigham plans to install production tubing in the well in the next
> several days. Brigham owns a 32% working and 26% net revenue interest
> in the Adix 25 #1H. The Adix represents Brigham's fifth consecutive
> completion in the Ross Area. The four prior completions were in the
> Bakken formation, the most recent of which, the Carkuff 22 #1H,
> commenced production at an initial rate of approximately 1,110
> barrels
> of oil per day.
>
> Bud Brigham, the Chairman, President and CEO stated, "The Adix 25 #1H
> is a very important discovery for us. This well, combined with the
> recent Three Forks discoveries drilled in the area by Fidelity to the
> south and Encore to the west of our Ross Area, likely delineates a
> second field immediately below the Bakken formation for us to develop
> on our 27,780 net acres in the Ross Area. Importantly, the Three
> Forks
> is a different reservoir from the Bakken, with different attributes;
> and therefore a different recipe may be optimal for completing these
> wells. As a result, we may have the opportunity to further optimize
> the drilling and completion of our Three Forks wells to further
> enhance performance. Looking forward, development on 320 acre spacing
> could result in the drilling of 173 net wells to fully develop the
> Bakken and the Three Forks in the Ross Area. Assuming unrisked
> potential average reserves of 300,000 to 500,000 barrels per well
> indicates that we could have the opportunity to develop 42 million to
> 71 million barrels of oil net to our interest in the Ross Area
> alone."
>
> North Stanley Area Three Forks Drilling -- Also in Mountrail County,
> North Dakota, in Brigham's North Stanley Area, Brigham is
> participating in another Three Forks well, the Fidelity Grove 11-36H.
> Brigham retains a 25% working interest in the Fidelity Grove 11-36H,
> located in section 36 of 158N - 92W, with results expected in late
> November. The Fidelity Grove 11-36H is approximately three miles west
> of Brigham's previously announced Bakken completion at the Brigham
> operated Johnson 33 1-H, which commenced production at an initial
> rate
> of approximately 618 barrels of oil per day. Approximately four miles
> east of the Fidelity Grove 11-36H, Brigham plans to commence the
> Afseth 34 #1H in December. Brigham expects to retain a 41% working
> interest in the Afseth 34 #1H well, which is currently planned as a
> Three Forks test. Brigham controls approximately 9,096 net acres in
> the North Stanley Area, and could ultimately drill approximately 28
> net wells to develop the Bakken on 320 acre spacing. With success in
> the Three Forks, a similar number of potential Three Forks wells
> could
> be drilled.
>
> Bud Brigham continued, "Also in Mountrail County ND, we have four
> significant working interest wells being completed in the Parshall/
> Austin Area. In addition, to the west of the Nesson Anticline we have
> two operated Bakken wells currently drilling, the Olson 10-15 #1H and
> the Figaro 29-32 #1H. In this area, we utilized swell packers on the
> Mrachek 15-22 #1H to stimulate seven intervals in the Bakken, which
> commenced production at 727 barrels of oil equivalent per day. Since
> that time, we've experienced improved well performance as a result of
> increasing our completions to twelve or thirteen intervals. We plan
> to
> stimulate approximately 20 intervals in the Olson 10-15 #1H and the
> Figaro 29-32 #1H wells, using swell packers in 8,000 to 9,000 foot
> laterals."
>
> On Oct 21, 8:43 am, "Sweet, But Crude" <[EMAIL PROTECTED]> wrote:
>
>
>
> > Hey, Jerry-
>
> > I think the spacing units mandate by NDIC is to make all this more
> > manageable for the state, and NDIC. It leaves the "splitting" and
> > parcing-out of royalites pretty-much up to us owners, and the NDIC
> > doesn't have to deal so much on a micro-level. That's my thought.
>
> > I haven't heard too much about drillers wanting to do 320s - tell me
> > more about that. I think that the very nature of horizontal drilling
> > has made it cheaper for drillers, and gives more of us owners, a
> > chance to get some money out of the ground. I'm sure technically,
> > there are times in a spacing unit well's life that oil and gas is
> > really only coming out of a 320 area. But to then continue
> > horizontally to the length of the full 1280 (two miles across, from
> > their two mile deep vertical bore hole), is a LOT cheaper that moving-
> > in a surface rig, and doing it all over again on the next 320 up-top.
>
> > For example, for the sake of making it simple for me, let's say you
> > own your 320, and three other, seperate entities own the remaining
> > 320s of the 1280. That's four owners in the 1280. Let's say your 320
> > is on the southwest corner of the 1280, and they drill on the far
> > northeast 320. You split with the other three whatever comes out of
> > the ground in that spacing unit, as part of the spacing unit. Just
> > think, if they drilled as I mentioned, and things "downturned" like
> > they have in the last three months, without being a part of that
> > spacing unit, you might wait years before they get to your 320. The
> > way it is now, you benefit now.
>
> > Hope I got your drift okay. Let me know if I'm off the mark on your
> > question.
>
> > Tom
> > Sweet, But Crude
> > Dallas
>
> > On Oct 20, 6:32 pm, go-devil <[EMAIL PROTECTED]> wrote:
>
> > > Sweet,
> > > Have a couple permits, one drilling.
> > > Waiting to hear from landman on some found/unleased minerals for
> > > permit that is drilling. Fun, Fun!!
> > > Waiting for some 1280 spacing hearings this week for the others.
> > > Trying to figure out why the NDIC grants 1280 spacing when particular
> > > companies want to or will drill 320's eventually?
> > > I hope to bend your ear soon.
>
> > > On Oct 20, 3:48 pm, "Sweet, But Crude" <[EMAIL PROTECTED]> wrote:
>
> > > > Mine's coming of tight hole in 18 days. I'm expecting my first check
> > > > in about the same time. I am happy to share anything. I just really
> > > > have been absorbing information here.
>
> > > > ---Driller/producer: tight-lipped under confidential
> > > > ---NDIC: very helpful
> > > > ---You guys on the discussion group: priceless.
>
> > > > Tom
>
> > > > On Oct 20, 4:47 pm, go-devil <[EMAIL PROTECTED]> wrote:
>
> > > > > Some of you must have a well by now.
> > > > > Out of the almost 400 members, I've only seen about 100+ members
> > > > > posting.
> > > > > You would think more people would share their experiences about the
> > > > > whole process they went thru
> > > > > from leasing to getting the first royality check.
> > > > > Anyone?- Hide quoted text -
>
> > > > - Show quoted text -- Hide quoted text -
>
> > > - Show quoted text -- Hide quoted text -
>
> > - Show quoted text -- Hide quoted text -
>
> - Show quoted text -
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