<>2011 Hess Southern Williams County Results
>
| Name |
Date |
Choke |
Stages |
Water |
Proppant |
60Day IP |
120Day IP |
| En-Weyrauch 154-93-1918H-3 |
10/11 |
30/64 |
N/A |
N/A |
N/A |
488 |
369 |
| En-Frandson 154-93-2116H-3 |
8/11 |
28/64 |
38 |
84203 |
3986800 |
939 |
780 |
| En-Weyrauch 154-93-1918H-2 |
6/11 |
22/64 |
22 |
48161 |
1931448 |
501 |
367 |
| En-Weyrauch 154-93-1918H-1 |
4/11 |
22/64 |
22 |
40421 |
1097939 |
504 |
435 |
| En-Weyrauch 154-93-2932H-1 |
12/11 |
38/64 |
N/A |
N/A |
N/A |
1101 |
825 |
| En-Weyrauch A-154-93-2017H-1 |
11/11 |
42/64 |
38 |
61305 |
3995800 |
653 |
479 |
| En-Weyrauch 154-93-3031H-2 |
12/11 |
34/64 |
38 |
71049 |
3991720 |
1003 |
787 |
| En-Weyrauch 154-93-3031H-1 |
12/11 |
30/64 |
38 |
41472 |
1741722 |
1148 |
837 |
Hess Corporation (
HES) is a very large and well-run oil producer. In 1957, it
discovered oil in North Dakota and has become one of its biggest players. I had
previously discussed Hess and its very conservative completion methods early in
2011. At this time, Hess was using 20 to 22 stage fracs with lower amounts of
water and proppant. This was also consistent with
Continental Resources,
Inc.'s (
CLR) well design,
which I covered in this
article.
The table to the top of this article shows a change from these lower number
of stages to 38. This is consistent with
Brigham (
STO), which I covered in
this
article. Not only was this a big move, it has improved
results significantly, and in some cases doubled old IP rates. One issue I had
in researching Hess' results, was its lack of documentation with respect to well
design. For those specific wells, I place N/A in the appropriate space.
In the second half of 2011, it used varying amounts of water and proppant.
This variance has not always produced better results with increased water and
proppant, which I found somewhat puzzling. Well orientation and lateral length
are different for each well, sometimes by 1,000 feet. Another finding is Hess'
move to a more moderate choke, which is consistent with
Newfield
Exploration Co.'s (
NFX) well design, which I covered
here. This has also been consistent with other Bakken
operators.
In the table below, we see even more changes to design as Hess has used more
than 100,000 barrels of water. It has also moved to above 3.2 million pounds of
proppant. This move is consistent of Brigham,
Kodiak Oil & Gas
Corp (
KOG) and
Exxon Mobil Corporation (
XOM).
<>2012 Hess
Southern Williams County Results
>
| Name |
Date |
Choke |
Stages |
Water |
Proppant |
IP Rate |
| En-Weyrauch C-154-93-2932H-2 |
3/12 |
22/64 |
38 |
34396 |
1995429 |
60Day=911 |
| En-Madisyn 154-94-0607H-1 |
5/12 |
27/64 |
38 |
93122 |
3137554 |
41Day=892 |
| En-Thompson Trust 154-94-1930H-1 |
4/12 |
36/64 |
N/A |
N/A |
N/A |
54Day=1548 |
| En-Weyrauch A154-93-2017H-2 |
1/12 |
33/64 |
N/A |
N/A |
N/A |
60Day=801 |
| Ca-Halvorson 154-95-0409H-1 |
5/12 |
34/64 |
38 |
101929 |
3203698 |
32Day=1610 |
In summary, Hess is moving forward at a quick pace to increase IP rates and
EURs. It is not surprising as many operators are spending more per well in the
hopes of increasing profits in the short and long term. The surprise isn't the
change, but the amount of change. Hess' move has been much quicker than others
in the Williston Basin, so it is my guess that Hess believes it is important
enough to make a bigger move. These results could be different in other areas
such as Mountrail or McKenzie counties, but this will take more research.
Disclosure: I have no positions in any stocks mentioned, and
no plans to initiate any positions within the next 72 hours.
Additional disclosure: IP Rates are measured in barrels of
oil per day. Water volumes are measured in barrels. Proppant amounts are
measured in pounds. N/A is used on any well without sufficient information. This
is not a buy recommendation.