Updates
July 26, 2022: update. Production from both the Birdbear and Red River from this well. Production since (including) November, 2021:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BIRDBEAR | 5-2022 | 10 | 83 | 0 | 0 | 0 | 0 | 0 |
| RED RIVER | 5-2022 | 10 | 209 | 0 | 1101 | 0 | 0 | 0 |
| BIRDBEAR | 4-2022 | 1 | 2 | 71 | 0 | 0 | 0 | 0 |
| RED RIVER | 4-2022 | 1 | 4 | 169 | 13 | 0 | 0 | 0 |
| BIRDBEAR | 3-2022 | 31 | 141 | 141 | 0 | 0 | 0 | 0 |
| RED RIVER | 3-2022 | 31 | 341 | 339 | 1790 | 0 | 0 | 0 |
| BIRDBEAR | 2-2022 | 28 | 138 | 142 | 0 | 0 | 0 | 0 |
| RED RIVER | 2-2022 | 28 | 327 | 342 | 1714 | 0 | 0 | 0 |
| BIRDBEAR | 1-2022 | 31 | 151 | 141 | 0 | 0 | 0 | 0 |
| RED RIVER | 1-2022 | 31 | 369 | 339 | 1972 | 0 | 0 | 0 |
| BIRDBEAR | 12-2021 | 31 | 145 | 137 | 0 | 0 | 0 | 0 |
| RED RIVER | 12-2021 | 31 | 356 | 330 | 2051 | 0 | 0 | 0 |
| BIRDBEAR | 11-2021 | 30 | 160 | 135 | 0 | 0 | 0 | 0 |
| RED RIVER | 11-2021 | 30 | 404 | 323 | 2259 | 0 | 0 | 0 |
| BIRDBEAR | 10-2021 | 24 | 109 | 140 | 0 | 0 | 0 | 0 |
| RED RIVER | 10-2021 | 24 | 191 | 337 | 1326 | 0 | 0 | 0 |
October 26, 2021: the reader who alerted me to this well, provided this for the archives -- looking back through my records, this well used to be operated by
Eighty-Eight LLC ( starting in 2015 - - I don’t know the history before
2015) and then in 2016, Sunoco took over as operator. This is an
overriding royalty interest owned by Tucker. Ekke did not have an interest
in this well.
Original Post
A reader alerted me to a recent check from "Energy Transfer Crude Marketing, LLC," dated 10/20/21. The well is currently operated by FH Petroleum Corp but payment was handled by the company noted.
It appears the check was for production going back to September, 2020, and through, August, 2021. That would make sense: operators don't have to "cut" checks for any amount less than $100, but must send a royalty check at least annually, no matter how small.
The average price received by the company for the crude oil it sold:
- September, 2020: $32.13
- July, 2020: $65.05
- July, 2021: $65.05
The prices suggest this oil was hedged.
It's hard to believe the reader received any royalties at all considering how little oil is being produced by this vertical Birdbear / Red River well (not a Bakken well, not horizontal).
This well is located out in the "middle of nowhere," even by North Dakota standards. It is on/near the county line of McKenzie County and Golden Valley, near the Montana state line, in the Bicentennial oil field. There are very, very few wells out here.
Here is a screenshot of the scout ticket going back about one year. Note that the vertical well is drawing oil from two formations, the Birdbear and the Red River.
The best thing about this well for the reader is that it holds this "entire" area for future development. Note that the well went inactive in August, 2021. I do not know what this means for this well going forward.
NDIC File No: 15206 API No: 33-033-00234-00-00 CTB No: 115206 Well Type: OG Well Status: IA Status Date: 10/15/2021 Wellbore type: Vertical Location: NWSE 20-144-103 Footages: 1963 FSL 1950 FEL Latitude: 47.274054 Longitude: -103.759648 Current Operator: FH PETROLEUM CORP. Current Well Name: FEDERAL 33-20 Elevation(s): 2456 KB Total Depth: 12820 Field: BICENTENNIAL Spud Date(s): 9/2/2001 Casing String(s): 9.625" 1827' 5.5" 12820' Completion Data Pool: BIRDBEAR Perfs: 10729-10732 Comp: 9/17/2003 Status: AL Date: 9/17/2003 Spacing: E2 Pool: RED RIVER Perfs: 12609-12723G Comp: 12/14/2001 Status: AL Date: 12/14/2001 Spacing: E2 Cumulative Production Data Pool: RED RIVER Cum Oil: 74265 Cum MCF Gas: 94721 Cum Water: 352276 Pool: BIRDBEAR Cum Oil: 28534 Cum MCF Gas: 0 Cum Water: 69 Production Test Data IP Test Date: 12/14/2001 Pool: RED RIVER IP Oil: 106 IP MCF: 100 IP Water: 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Monthly Production Data
|
No comments:
Post a Comment