Monday, September 9, 2024

How The Bakken Works -- Why The Bakken Is So Exciting -- Oasis Dishon Well And The Oasis Andrews Federal Well -- September 9, 2024

This is why the Bakken is so exciting for small mom-and-pop mineral owners.

A reader wrote to tell me she has a "new" well. 

It's a long story but shows how the Bakken "works."

The reader has minerals in this section:

  • Williams County
  • Ft Buford Oil Field.
  • Section 31-153-103.
  • Section 31: SE1/4 (SE4)

It just so happens the reader has a small well sited in section 30, running south into section 31. The drilling unit is a 1280-acre unit and that's why she gets royalties for that well:

  • 22475, 761, Oasis, Dishon 1-30H, t3/13; cum 219K 8/19; cum 268K 7/24; still producing about 1,000 bbls/month (8/19); producing about 750 bbls/month (7/24).

Oasis sited the Andrews Federal wells to the west and the reader would have no interest in those wells. 

BUT!

One of the Andrews Federal wells is a section line well that "impacts" sections 30/31-153-103, and thus the reader participates in that Andrews Federal well.  A section line well draws oil from both sides of the section line.

The older well, the Dishon well, is in a 1280-acre spacing unit, a standard two-mile Bakken lateral.

The Andrews Federal well is an extended long lateral well, in a 1920-acre standup spacing unit, and the section line well, as mentioned, impacts the 1280-spacing Dishon unit to the east.

The Andrew Federal ... 4BX (a section line well) is one of six wells on these two three-well pads, but the reader will participate only in the section line well (4BX). 

The maps:

The Andrews Federal well, a section line well:

  • 39910, F/A, Oasis, Andrews Federal 5304 12-24 4BX, Ft. Buford, t4/24; cum 67K 7/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-2024261875018757433471389213401491
BAKKEN6-20243023330233215084916586134983088
BAKKEN5-2024312259322512509631621715785432
BAKKEN4-202430212620802174142994087212

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