21/28-155-99 -- Tobacco Garden -- #20719 -- XTO's Bergem Well

Updates

June 23, 2022: see this post. Oasis with six new Bergem permits. 

Original Post

A reader wrote to say he/she received an offer of $6,000 / acre for 0.22222 net acres in T151N-R99W-21.

$6,000 x 0.222222 net acres = $1,333.33

In that 1280-acre drilling unit, sections 21 and 28, there is currently one well.

The well:

• 20719, 890, XTO, Bergem 44-28NWH, Tobacco Garden, t11/11; cum 129K 5/19;

Back in 2011 when this well was drilled it was an "okay" well, but not good by today's standards. Monthly production is down to around 750 bb/smonth -- which will provide almost no income for small holders of mineral rights. This well needs to be re-fracked or new wells drilled in this drilling unit to be make it worthwhile. 

This is an XTO well; XTO is a good operator.

This is in Tobacco Garden oil field, about 20 miles southeast of Williston and not too far west of the Fort Berthold Indian Reservation which is  very good for oil. Likewise, Tobacco Garden is a very good oil field in the basin.

There will be a lot of wells in this area someday but I don't expect much activity in the near future.

The graphics:

Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2019	30	691	622	144	1242	1057	0
BAKKEN	5-2019	31	739	656	154	1310	1064	55
BAKKEN	4-2019	30	663	626	238	1239	1054	0
BAKKEN	3-2019	31	765	899	157	1325	1045	0
BAKKEN	2-2019	28	686	644	136	1303	922	134
BAKKEN	1-2019	31	782	798	184	1386	1042	55
BAKKEN	12-2018	31	788	643	155	1391	1098	4
BAKKEN	11-2018	27	614	547	125	1098	746	122
BAKKEN	10-2018	31	743	831	167	1312	655	368