Monday, December 19, 2011

Tyrone Field Update -- The Bakken, North Dakota, USA

Updates

March 23, 2012: interesting oil field for two reasons -- follow the Lodgepole story and the Liberty Resources story. Read the first first comment at the link; if it's valid, it speaks volumes about "who" knows about the Bakken and "who's" investing in it.

Original Post (permits/wells will be updated in this section)

Tyrone oil field has seen increased activity lately. This is a single-township oil field, T156N-101W, 36 sections north of Williston.

Drive straight north on US 2&85 out of Williston, up to the 13-mile corner, and you will be on the east side of this field.

If you were to turn west at the 13-mile corner, you would track a series of wells, running east to west, all the way to the next field, Bonetrail (12 sections) and then to Bull Butte (70 sections to the Montana state line).

Running east to west in Tyrone oil field:
  • 19048, 705, Petro-Hunt, Borrud 156-101-11D-2-1H, Tyrone, Bakken;  t8/11; cum 76K 7/12
  • 21441, DRL --> conf, Oasis, Orcas State 5601 13-16H, Tyrone, Bakken,
  • 21578, DRL --> conf, Liberty Resources, Berger 156-101-9-4-1H, Tyrone, Bakken
  • 19307, 1,033, Oasis, Devon 5601 12-17H, Tyrone, Bakken, s8/10, t7/11; cum 76K 9/12;
  • 19308, 1,235, Oasis, Glover 5601 12-17H, Tyrone, Bakken, s8/10, t6/11; cum 80K 9/12;
  • 21019, 1,339, Oasis, Melville 5601 12-18H, Tyrone, Bakken, t12/11; cum 66K 9/12;
  • 19418, 1,030, Oasis, Baffin 5601 12-18H, Tyrone, Bakken, s10/10; t6/11; cum 83K 9/12;
  • 18418, 1,228, Oasis, Sandaker 5602 11-13H, Tyrone, Bakken, s3/10; t6/10; cum 104K 9/12;
  • 18567, 1,835, Oasis, Njos Federal 5602 11-13H, Tyrone, Bakken, s1/10; t6/10; cum 109K 9/12;
  • 21261, 94, Oasis, Clark 5602 12-13H, a Lodgepole; came off confidential May 1, 2012; said to be economical by Oasis (personal correspondence); closed hole frack; 4 million lbs sand/ceramics; 4K 7/12; this particular well has an interesting history; google it at this blog; t1/12; cum 5K 9/12;
  • 22067, DRL, Liberty Resources, Sylte 156-101-10-3-1H, Tyrone, s1/12; cum 30K 2 months; no IP
  • 22068, DRL, Liberty Resources, Sylte 156-101-15-22-1H, Tyrone, s1/12; cum 25K 2 months; no IP
  • 22495, DRL, Liberty Resources, Borrud 156-101-1-12-1H, Tyrone; cum 11K 1 month; no IP
  • 22607, LOC --> conf, Oasis, Tanner T 5601 42-24B, Tyrone;
  • 22608, LOC --> conf, Oasis, Tyler T 5601 41-24B, Tyrone; cum 3K no IP yet
I've written about the Clark well before, and have it tagged for follow-up in February, 2014.
 Rambling, overheard at the Economart:
  • If time is running out on leases....
  • And, if leased acreage is held by production ...
  • And, if there is a huge backlog in fracking...
  • And, if there is a huge supply/demand mismatch for sand, ceramics ....
  • Doesn't it follow that to drill a well where leased acreage is already held by production -- means that the operator has found something particularly interesting about that location to drill again (of course, in cases like the Sanish and Whiting, sometimes the payoff is so good that infill wells are drilled for the cash flow)...
Also, note Liberty Resources, a relative newcomer to the Bakken with somebody providing lots of financial capital behind the scenes, has the Berger well in this field.  I've recently posted more about those behind Liberty Resources (March, 2012).
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6 comments:

  1. I just drove by the Liberty well in sec 15 T.156N R101W. Liberty just finished this double batt. I am sure it has not been fracked yet. What is interesting is that they set up 20 oil storage tanks at this site. They are wishing big or they hit big. All the other wells around this area have 4 to 6 tanks.

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    1. It's possible all 20 tanks are for one well, but I've seen this before. I once drove by a battery of about 20 tanks and thought it was a huge well. Later I found out that the tanks would be storing oil from several wells. Also, are all 20 for oil, or are some for water?

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    2. ttp://www.ogfj.com/articles/print/volume-8/issue-12/on-the-cover/fracturing-and-completion-expertise.html

      Link to oil and gas journal on Liberty resources. Or you can just google (oil gas journal liberty resources) Interesting, They may go public.

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    3. That's a great article. Thank you. Yes, Liberty is one to watch.

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  2. I was at NDIC looking up production runs in the Tyrone field and noticed that the liberty wells were doing alot better then other operator wells in this field. Do you think they got lucky with location or are they that much better at geting oil out of the ground? I drove by the Sylte wells in late Sept. and they still did not have any pumps. NDIC showed them still flowing 12,000 per month in Aug. Interesting company. I think I will see how they are doing in other fields. Do you know if they are a traded company?

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    1. I just got back from being off the net for a couple of days, so I am just now getting caught up.

      I haven't had a chance to compare wells in this area, but if one company is consistently better than another, I would assume it's more than luck. I would have to look at the well files to see if completions were the same or not (stages, amount of proppant, for example).

      If we are talking about the same Sylte wells (#22067 adn #22068) they are operated by Liberty Resources, LLC, which is not publicly traded, as far as I know.

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