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Abraxas Petroleum Corp. Message Board

  • zoom_bee zoom_bee Nov 28, 2012 5:56 PM Flag

    Clarity - McKenzie county ND.

    First here are the wells by field and by formation

    North Fork Field

    Stenehjem 27-34 wells 1 ,2, 4, 6,and 8 are Bakken
    Stenehjem 27-34 wells 3, 5, and 7 are TFS (Three Forks)
    Ravin 26-35 wells 1, 4 and 6 are TFS
    Ravin 26-35 wells 2, 3, 5, and 7 are Bakken
    Jore Federal 2-11 wells 1, 3, 5, and 7 are TFS
    Jore Federal 2-11 wells 2, 4, 6.and 8 are Bakken

    Pershing Field

    Lillibridge 1H, 3H, 5H, and 7H are Bakken
    Lillibridge 2H, 4H, 6H, and 8H are TFS
    Now for some field rules

    The well laterals start from about 50 feet away from each other at the Total Vertical Depth then curve out so in an oil play/formation (Three Forks) they are separated by 1,200 feet. Every other well is a different oil play (so if #1 is a TFS the well next to it is a Bakken). Generally the Three Forks formation is 88 feet deeper and ranges to 150 feet difference in that field.

    With that said there is 600 feet between wells but they are in different oil plays.
    The section border at the Heel (TVD bottom of the vertical) it is 200 feet from the section border both at the Heel and at the Toe (North/South). The lateral is 500 feet from the section border both to East and West.
    Pads – Abraxas has put 8 wells on a pad 4 wells are drilled North and drain South to North towards the heel. Four wells are drilled South and drain South to North towards the heel.
    Enough to absorb for now (I was just clarifying ahead of time).

    All I wanted to say is that well we were waiting for was the Jore Federal 02‐11 3H and it was a Three Forks formation and reported 15,289 BBO and 21,022 MCF over it first 30 days for a BOE of 18,913.

    Sentiment: Buy

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