Petro-Hunt Reports Zabolotny Well, #42325, Has Been Completed -- October 25, 2024

The well:

• 40325, 549, Petro-Hunt, Zabolotny 144098-9C-4-3H, Billings County; at the NDIC, no production data; the well file provides no additional relevant information.

Dishon And Andrews Federal -- Ft Buford -- Chord Energy -- Oasis -- October 7, 2024

Note: in a long note like this, there will be typographical and content errors.

The reader has interests in this location: section 31-153-103. A screenshot of part of the deed:

The reader has been receiving royalties from this well for quite some time:

• 22475, 761, Oasis/SM Energy, Dishon 1-30H, Ft Buford t3/13; cum 269K 8/24;
• the Dishon well is  sited in section 30 with bottom hole in section 31; 1280-acre spacing, sections 30 / 31 - 153 - 103

Recently the reader noted that she was receiving royalties from a new well:

• 39910, F/A, Oasis, Andrews Federal 5301 12-24 4 BX, Ft Buford, t4/24, cum 90K 8/24.  
• This well is on a six-well pad, three horizontals running north and three Andrews Federal horizontals running south. These are extended long-lateral horizontals, three-section laterals or three-mile long horizontals; two of these south-running horizontals are three-section spacing (1920-acre spacing) but it just so happens that the Andrews Federal ... 4BX well (#39910) is a section line well and the spacing unit is six sections:

Note that one of the six sections, 31-153-103 is the section in which the reader has minerals, and is also the section in which is located the bottom hole of the Dishon well.

Production from this section-line well, #39910:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2024	31	23014	22893	51343	17440	16888	552
BAKKEN	7-2024	26	18750	18757	43347	13892	13401	491
BAKKEN	6-2024	30	23330	23321	50849	16586	13498	3088
BAKKEN	5-2024	31	22593	22512	50963	16217	15785	432
BAKKEN	4-2024	30	2126	2080	21741	4299	4087	212

So, again, #39910, the Andrews Federal well is sited almost a mile away from the Dishon well, in section 24, with the bottom hole in section 31 (two different townships); the horizontal runs south along the section section line; the spacing unit is a six-section spacing unit, encompassing sections 19 / 24 / 30 / 29 / 31 / 36.

The Dishon well is a two-section, two-mile extended lateral (two-section spacing).

The Andrews Federal well is a three-section, three-mile extended lateral (six-section spacing).

See maps below.

The typical spacing unit in the Bakken, is two sections, or 1280 acres. 

If one owns 40 acres in a 1280-acre spacing unit, and the lease is for 20% of the oil sold, the "decimal" would be:

• (40/1280) x 0.2 = 0.00625

However, in a 3840-acre spacing unit, (six-section spacing unit), the "decimal" would be

• (40/3840) x 0.2 = 40 = 0.00208

The reader says her decimal is 0.00004566, according to her production statement.

Some folks own as little as one acre in any given spacing unit. What would be the decimal point for owning one acre in a 1280-acre spacing unit compared to a 3840-acre spacing unit, each unit with the same 20% royalty rate:

• (1/1280) x 0.2 =  0.00015625
• (1/3840) x 0.2 = 0.00005208

At 18%?

• (1/1280) x 0.18 =  0.000140625
• (1/3840) x 0.18 = 0.000046875

Going one step further: if the well produced 10,000 bbls in that month and the selling price was $75, then:

• $75 / bbl x 0.00015625 x 10,000  bbls = $117 vs
• $75 / bbl x 0.00005208 x 10,000 bbls = $39.

The reader says she was paid about $66 the oil from that well recently (in a monthly statement) and the price of oil sold was $74.03. So, everything sort of adds up -- at least in the "ballpark" as they say. 

Disclaimer: I often make simple arithmetic errors, and much of the above was based on conjecture, assumptions, and estimates. 

Petro-Hunt Wells Updated For Reader -- Production Statement Dated September 25, 2024

October 24, 2024: 

The well:

• 40325, 549, Petro-Hunt, Zabolotny 144098-9C-4-3H, Billings County; at the NDIC, no production data; the well file provides no additional relevant information.

Original Post

Petro-Hunt production and wells update.

Reader's monthly production statement, dated September 25, 2024: all wells accounted for; all wells still producing with exception of one:

• 32165, 1,090, Petro-Hunt, USA 153-95-34C-14-4H, Charlson, t5/18; cum 523K 7/24; off line 8/24. No production in August, 2024.
  

This well is off line because the neighboring well is being completed:

• 38359, conf, Petro-Hunt, Sherven Trust 153-95-27A-26-1HS, Charlson, 

In addition to this well which is yet to begin production, the reader is watching these two Petro-Hnt wells. According to the well files, both wells have been drilled to depth and are waiting completion.

• 40203, conf/drl, Petro-Hunt, Zabolotny 144-98-9C-4-2H, Little Knife, 1280-acre spacing, sections 4 / 9 - 144-98.
• 40325, conf/drl, Petro-Hunt, Zabolotny 144-98-9C-4-3H, Little Knife, 1280-acre spacing, sections 4 / 9 - 144-98.
  

Petro-Hunt -- Production Statements -- Price Paid For Oil, Natural Gas, Plant Products

Dated: 9/30/2024

Only one well (date / product / price) --

Guadalupe 11-23H

• 1/22  Price change correction minus

 

COP -- Production Statements -- Price Paid For Oil, Natural Gas, Plant Products

Dated: 9/30/2024

Only one well (date / product / price) --

Guadalupe 11-23H

• 1/22  Price change correction minus
• 8/23  MCF    1.990
• 9/23 MCF 1.4799
• 10/23
• 11/23
• 12/23
• 1/24
• 2/24
• 3/24
• 4/24
• 5/24
• 6/24
• 7/24 MCF 1.9972

 

• 1/22 Price change correction positive
• 4/22 gallons 0.6760
• 8/23 gallons 0.3585
• 10/23 gallons 0.3604
• 11/23 gallons 0.3372
• 12/23
• 1/24
• 2/24
• 3/24
• 4/24
• 5/24
• 6/24
• 7/24 0.4219

 

• 1/22 price change correction negative
• 8/23 gallons 1.8006
• 9/23 gallons 1.9802
• 10/23 gallons 1.8836
• 11/23 gallons 0.6786
  
• 12/23
• 1/24
• 2/24
• 3/24
• 4/24
• 5/24
• 6/24 gallons 1.660
• 7/24 gallons 1.7074
  

 

• 8/22 Price change slight positive 
• 1/23. bbls 0.00
• 9/23 bbls $89.8292
• 10/23 bbls. $85.2174
• 11/23 bbls $76.6545
• 12/23
• 1/24
• 2/24
• 3/24
• 4/24
• 5/24
• 6/24 bbls $73.0328

 

XTO -- Production Statements -- Price Paid For Oil, Natural Gas, Plant Products

Dated: 9/25/2024

Multiple wells (date / product / price) -- months 7/24 and 8/24 for all wells; varies; prices vary;

Arnold 21X-17BXC:     6/24; oil; statutory interest: $0.05
Arnold 21X-17BXC:     7/24; gas; $4.11
Arnold 21X-17BXC:     7/24; oil; $80.26;
Arnold 21X-17G:          7/24; gas; $4.26;
Arnold 21X-17G:         7/24; oil; $80.26;
Arnold 21X-17F:         7/24; gas; $4.13;
Arnold 21x-17F:         7/24; oil; $80.26;
Hanson 11-12H
Hanson 11-12H
Hanson 11-12H
Hanson 11-12H
Hanson 11-12B
Hanson 11X-12B
Hanson 11X-12B
Hanson 11X-12B
Hanson 11X-12E
Hanson 11X-12E
Hanson 11X-12E
Hanson 11X-12A
Hanson 11X-12A
Hanson 11X-12A
Hanson 11X-12A
Gilbertson 11-26H
Gilbertson 11-26H
Gilbertson 11-26H
Gilbertson 11-26H
Gilbertson 34-26NEH
Gilbertson 34-26NEH
Gilbertson 34-26NEH
Gilbertson 34-26NEH
Bergem 44-28NWH,
Bergem 44-28 NWH
Tobacco Garden 31-29 NEH
Botacco Garden 31-29NEH
Lawlar 41-15 SEH
Lwlar 51-15 SEH
Lawlar 41-15 SH
Lawlar 41-15 SH
Leiseth 24X-22E
Leiseth 24X-22E
Leiseth 24X-22F
Leiseth 24X-22F
Stenberg 14-10 SWH
Stenberg 14-10 SWH
Stenberg 14-10 SEH
Stenberg 14-10 SEH
Gilbertson 11X-26FXG
Gilberton 11X-26FXG
Gilbertson 11X-36FXG
Gilbertson11X-26FXG
Gilbertson 11X-26B
Gilbertson 11X-26B
Gilbertson 11X-26B
Gilbertson 11X-26B
Gilbertson 11X-26F
Gilbertson 11X-26F
Gilbertson 11X-26F
Gilbertson 11X-26F
Gilbertson 34X-26BXC
Gilbertson 34X-26BX
Gilbertson 34X-26BXC
Gilbertson e4X-26BXC
Gilbertson34X-26G
Gilbertson 34X-26G
Gilbertson 34X-26G
Tobacco Garden 11X-17A
Tobacco Garden 11X-17A: 7/24; oil; $802.26;
Tobacco Garden 11X-17E: 12/20; oil; price change $0.01
Tobacco Garden 11X-17E: 7/24; gas; $3.25;
Tobacco Garden 11X-17E: 724; oil; $80.25;
Toabacco Garden 11X-17B: 7/24; gas; $3.60;
Tobacco Garden 11X-17B: 7/24; oil; $80.26;
Arnold 21X-17H: 7/24; gas; $4.21;
Arnold 21X-17H: 7/24; oil; $80.26;

CLR -- Production Statements -- Price Paid For Oil, Natural Gas, Plant Products

Dated: 9/25/2024

Multiple wells (date / product / price) -- months 7/24 and 8/24 for all wells; varies; prices vary;

• 1 Earl 1-24H: 7/24; G; $3.15
• Earl 1-24H: 7/24; O; $77.50
  
• 2 Earl 2-25H: 
• Earl 2-25H: 8/24; O; $73.33
  
• 3 McKenzie 1-34H
• 4 Bud 1-19H
• 5 Todd 1-6H
• 6 Memphis 2-4H
• 7 Earl 3-25H
• 8 Anna 1-27H
• 9 Earl-Reimann 4 HSU
• 10 Earl-Rita HSU
• 11 Morgan 1-29H1
• 12 Bud 3-30H1
• 13 Alfsvaag 2-31H
• 14 Bud 2-30H
• 15 Alfsvaag 4-31H
• 16 Alfsvaag 5-31H1
• 17 Bud 4-30H
• 18 Bud 5-30H1
• 19 Anna 2-34H
• 20 Anna 4-34H1
• 21 Anna 5-34H
• 22 Anna 8-34H1
• 23 Anna 7-34H
• 24 Anna 6-34H1
• Anna 6-34H1
• 25 Harrisburg 2-27HSL