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
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.
zoom - really good information. Based on what you know, what do you think the initial IP of this well was? Do you think it was around 1000 boepd? I know this number doesn't mean much, especially to Abraxas since they only want to report the 30 day number, but a lot of headline grabbers tend to report the initial number. I think this was one of the issues the Clinton Group has with Watson.
The IP hasn't been listed yet in the North Dakota (confidential list) website but nowadays they calculate the 24 hour IP by looking at 4 hours and then multiplying by 6., so its not as much of a deal. This well will have a steady flow for another 15 days (45 days in total) and then start to tapor off below 300 BOD and have between 8,000 and 10,000 BBO each month for a nother 6 months and come in with over 100K BBO in 12 or 13 months. This one will pay for itself in a year.