Topic: Williston Basin

Ask-the-Analyst August 2019

Thursday 8/29Ask-the-Analyst: Todd Bush, Boyd Skelton, and Luke Smith. Which state uses the most #proppant? How much? Find out in the comments below tomorrow! #OilandGas #Energy #shaleTexas is the largest consumer of proppant. In Q4 2018 it accounted for a little more than half of all proppant consumption in the onshore US.Within Texas, the Permian basin region is the largest consumer, followed by the Eagle Ford.Friday 8/23Ask-the-Analyst: Todd Bush, Boyd Skelton, and James Jang, M.Sc.. What's the current status...

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New Well Highlights from Permian, Williston, Eagle Ford, and Haynesville

Shell completes 2 mile lateral in Permian (2019-01-31)Shell reported the completion of a new well on an 855 acre lease in Loving county, Texas.The Medora 29 LOV Unit 0805 1H was drilled to a vertical depth of 11,849 ft and a measured depth of 22,664 ft. It flowed 1,670 bbl of oil and 2,336 MMcf of gas over a 24 hour period  for a gas-oil ratio of 1398 February 7. Hydraulic fracturing and proppant is supplied by Keane with FTSI provided acid.Equinor Energy in Williston...

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New Well Highlights from Permian, Williston, and Eagle Ford

EOG in Permian (2019-01-21) and (2019-01-29)EOG Resources reported two completions in the Permian basin in Lea, New Mexico.The Ares 4 State #202 H was drilled to a measured depth of 14,905 ft in the upper bone spring formation. Drilled to a vertical depth of 9,920 ft with a 21 stage 4,985 ft lateral length, the Ares is an oil well and flowed 1,580 bbl of oil with a gas-oil ratio of 2958 Kcf/bbl.The Heartthrob 17 State #708H flowed 2,532 bbl of oil and 5,538 MMcf...

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Well Highlights IP & BOE

Hess, EOG, Equinor, and Hunt Oil Complete New Unconventional Wells

Hess Corporation in Williston (2019-01-08) A Williston well was completed by Hess Corporation in Williams county, North Dakota. The SC-TR Slette-153-98-1819H-6 was drilled to a measured depth of 21,350 ft with perforations from 11,435 ft to 21,350 ft. It flowed 3,334 bbl of oil, 6,176 MMcf of gas, and 3,358 bbl of water on January 10. Propping agents, acid, iron control, acid inhibitors, and hydraulic horsepower are provided by Keane Group. EOG in Karnes County (2019-01-11) and (2019-01-13) EOG completed two wells in...

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Crescent Point Completions

Well Highlights from Marcellus, Eagle Ford, & Williston

EQT completes 3 mile lateral well in Marcellus (2019-01-03) EQT reported two completions on a multiple well pad in Washington county, Pennsylvania. Haywood Mon110H24 and Haywood Mon110H25 were completed on January 3 and tested January 7. The H24 produced 15,565 MMcf of gas on its 38 stage lateral with a vertical depth of 7,332 ft. The H25 was drilled to 7,304 ft with a 129 stage 18,450 ft lateral length. Both wells use frac material provided by FTSI International, perforations by...

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Slawson Exploration Completions 2018

Well Highlights from Haynesville, Marcellus, & Williston

Slawson Exploration completes multiple 2 mile laterals in Williston (2018-12-25, 2018-12-26, 2018-12-27) Three wells were completed in late 2018 by subsidiary Slawson Exploration Company in Mountrail County, North Dakota. They are among the top five performing Slawson wells in a five mile radius in 2018. Production data is limited in this case since the three wells were completed in December. However, based on initial production the Torpedo Federal 6H, 7H, and 8H are among the company's top performing new wells in...

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SM Energy Completions Cost Down to $400 Per Lateral Foot

SM Energy (NYSE: SM) is one of the few operators who has a positive free cash flow during 2016. They have reduced spending by almost half since 2015 and continue to manage costs having spent just under half of their planned $685 to $690 million for the year. They have taken advantage of the cost savings in the low oil price environment and have stuck to the core areas that will generate returns for them. The chart below shows SM...

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QEP Resources Increases Permian Position & Exhausts Almost 50% of Budget

QEP Resources (NYSE: QEP) is an independent operator targeting crude oil and liquids rich gas plays in the United States. The company focuses in the Williston, Permian, Pinedale and Uinta basins and plans on spending $450 to $500 million this year excluding acquisitions and exploratory drilling. QEP is currently running three rigs, one each in the Williston, Permian and Pinedale basins with the option to add a fourth in late 2016.The chart below shows QEP versus peer operators comparing the...

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