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SandRidge Energy, Inc. Message Board

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  • wsucougz wsucougz Nov 16, 2010 11:27 AM Flag

    Last 3 western ok oil wells

    Looks good.

    If anyone wants a link to the latest presentation:
    http://investors.sandridgeenergy.com/phoenix.zhtml?c=196066&p=irol-presentations

    11/16 presentation, Mississippian well numbers are pg. 16.

    S-dog, do you know how these boepd #'s in the mississippian compare to say the permian or typical #'s that other companies are seeing in other north american fields?

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    • It is a bit early in the Mississppian to know what the avg initial rates are going to be and like any other plays, there will be areas where the rates will be much higher than other areas in the play. But if the average rate starts to look like it could be around 450 bopd, that would compete with some of median bakken areas.

      The Bakken in North Dakota, Montana and Canada is probably the hotest onshore oil play that I am aware of right now and I would guess in the better areas of this play the average well would be in the 2,200 to 2,500 BOE per day range. In this area, they have at least two major formations that they can produce out of as well. The cost to drill one of these Bakken wells is around $10-12 million compared to $2.5 million in this Mississippian play.

      Then you have companies like Hes that are not drilling in the core areas of the Bakken but are drilling more in the mid range Bakken area. HEs is averaging $11 million per well drilling costs and their average IP rate is 450 barrels per day. HES is spending 4 to 6 billion dollars over the next 3 to 4 years with plans to get top production out of this play up around 80,000 barrels per day. Currently their production is around 19K per day from the Bakken.

    • Last 3 wells look good

      I have to agree

      But when any body is going to upbid the stock?

      We see these numbers
      So does every body else in the world who got loot to burn.