Tuesday, June 18, 2013

The Charlotte Wells

The "Charlotte" wells sited in either section 22 or 27-152-99, Banks, but all probably drilling 22/15-152-99:
  • 23664, 657, Charlotte 3-22H, Banks, TF1, SESE 22-152N-99W, t11/12; cum 44K 4/13;
  • 24908, conf, Charlotte 6-22H2, Banks,
  • 23612, drl, Charlotte 4-22H, TF3, Banks, [Update: see press release, December 3, 2012]
  • 23608, drl, Charlotte 5-22H, Banks, ?TF4
  • 19918, 496, Charlotte 1-22H, middle Bakken, SWSE 22-152-99; Banks, 30 stages; 2.5 million lbs; t6/11; cum 179K 4/13; total depth: 21,090 feet;  
  • 21128, 692, Charlotte 2-22H, Banks, TF2, SWSW 22-152-99; 30 stages; 2.3 million lbs; t10/11; cum 93K 4/13; total depth: 21,358 feet;  
  • 19918, 496, Charlotte 1-22H, Banks, t6/11; cum 179K 4/13;
So, unless I'm misreading the GIS map server and/or the permits, it appears the Wahpeton wells will be parallel to the Charlotte wells, in adjoining sections (spacing units). But the Wahpeton wells will be running north-to-south; and the Charlotte wells will be running south-to-north.

By the way, look at #23664, Charlotte 3-22H, still confidential, but production runs for first month:

DateOil RunsMCF Sold
11-2012758312383

What do you notice?  Yes, it was hooked up to a natural gas pipeline almost immediately. As the well density increases, the natural gas flaring will take care of itself. Already we are starting to see this happen on a larger scale. In the most recent Director's Cut:
Additions to gathering and processing capacity are helping with the percentage of gas flared dropping to 29%. The historical high was 36% in September 2011.
With more wells/month being drilled; more production/well; to see a downward trend this early in the boom speaks volumes about a non-issue.

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