Here is some information about some wells in the Woodford.
I have a producing Gas well in Section 17 6N 11W Caddo county. Does any one know how long these wells will produce?
I think the major players in this play can project production out to 10 or 12 years. The kicker is that the well will produce at a relativity high rate the first year and then begin to drop off rapidly in the second year and continue to decline in the remaining years of production.
Let’s say you get $1000 from the first years production. You are likely to get $500 from the next years production and $250 from the third and on downward at a lesser declining rate. This all depends on the price of gas and oil which will vary during a given year and for all the years a well produces.
The short answer is, your first years production will likely be the highest you receive with lesser returns in the following years. Increasing prices for oil and gas can offset some of this but with the amount of shale gas becoming available across the U.S. don’t bet on the price of gas increasing very much in the near future. Oil is a different matter. Lot’s of international implications there and many unknowns.
The good news for this play is that more wells are going to have to be drilled in a unit to efficiently drain it, whether that be 640 acres or 1280 acres. With forced pooling in Oklahoma all mineral owners in a unit get their share of production from each well drilled. Some companies may drill just one well per unit and produce it for a period of time to hold the lease in what is termed “help by production” before drilling other wells in the same unit. Other companies may drill more wells in a unit bacause that fits their economic forcasts better. Two side by side units leased by different companies can have different development programs with one company having more wells in a unit than the other company has.
It can be a mixed bag of returns for the mineral owner and confusing. Basically the mineral owner has no control over what the producing company will or will not do.
Just waiting on first check. Well was completed in Dewey county in July. I am ready to spend some.
Finally saw a Drilling Permit on mine. If I get any $ probably be close to a year.
No. . .I have heard that Devon is going to build a 15 to 20 acre lake in between Calumet and Geary and use it to recycle water. Instead of taking it to a SWD well they will take the water to this pond and re-use it.
Fortunately we’re not as bad as you guys in South Texas, but we’re much drier than we are used to. I took a tour this summer and went through Woodward, OK to Dodge City KS, to Eads, CO, up through Kit Carson, CO to Flagler, CO. All of those miles were extremely dry until we reached Flagler.
Have you heard anything about trucking water in for fracking?
It’s been awful quiet on this forum. You Guys must be out spending all that Royality Money!
I was told today that all of the activity going on South of Calumet, more specifically the wells that are “surface location” on Section 2 12N 09W going north into Section 35 13N 09W “BHL” are not going to be frac’d until sometime in 2012, due to lack of water.
Pray for rain! Not any better down here in S.E. Texas. Had about 2" in my rain gage one time this summer.
Made a trip down into Grady county,seismic work being done on Highway 92 from 2 north of Amber to about 2 south of Amber going about 2 to 3 miles wide, This would be in the 7 and 8N-6W area, Continental has two good wells in the area in 17 and 29 of 7N-6W, DRILLING IN 27-7N-6W and intent to drill in 32-8N-6W,
Some royalty owners are going to be surprised that their checks are half as much as they thought they would be under conventional 640 spacing.
I read on one of these Woodford sites since I have joined that some of the operators think that most of the production comes out of the first 1000 feet of the lateral. I know they have all these elaborate fracs and all that, but, this complex operation is all done by remote control several thousand feet below the surface. The law of unintended consequences plays a role in operations like this. You get all your information back by remote sensing, room for much error and varied results. I know first hand of this because it is part of my geophysical work.
I would not bet on twice the production. Just think how long a given operator can hold 1280 acres without drilling another well. Five years, eight years (about the life of a good Woodford well)? That 1280 acre lease could be “Held by Production” throughout that period of time unless high natural gas prices come back into play.
Production records on the Woodford are indicating that the “flush” production is going to happen in the first two or three years of the life of the well. There have been comments that some operators are considering five or six wells per 640 acres. How long these extra wells would be stretched out over time no one knows. However, with a 1280 acre unit, the operator has twice the room to work with and therefore the years of development could stretch longer.
The operators who employ the very long latterals may come to find out that the long latteral does not mean extra production. For the considerable extra cost of drilling this long latteral, they will abandon that poor puppy and claim they never did it in the first place or that their drilling partners forced them to do it.
I do tend to ramble on in these posts, but I have been around this business of oil and gas exploration since 1953. I see many members that are very new to the happenings of the business. I hope my insight, such as it is, helps sort out some confusion. Sometimes I see the humor, sometimes I don’t.
Essentially “finding the right spot” is key to the economic success of the well. The Woodford Shale is deposited in the Anadarko Basin across much of western Oklahoma at various depths. More shallow to the northeast and much deeper to the southwest. The Canadian County area has been the hot spot for a few years and now the activity is spreading out southward and westward. Cindy, where you are in Caddo County is some of the deeper areas of the Woodford, maybe 15,000-17,000 feet deep to reach it. There is considerable activity in one part of Caddo, T6N-11W being near the center of it.
Tell us the Township and Range your well is in and that will help locate it as far as the Woodford is concerned. But in general, the Woodford is deposited throughout Western Oklahoma in a NW to SE trend and getting deeper from the NE (Central Okla) to the SW (the mountians around Lawton are the southwest edge of the Anadarko Basin and just to the Northeast if them is the deepest part of the Woodford).
@Don. Section 17 6N 11W I think this in the springer and deep
Is it common to have several wells shut in when a nearby well is undergoing fracing?
Looks like Contenental is about to drill a well through two sections
HOUSTON, Oct. 7
By OGJ editors
Continental Resources Inc., Enid, Okla., plans to spud in November 2011 the first multiunit well in the Anadarko basin Woodford shale play in Oklahoma under the state’s new statute.
Continental has an 82% working interest in the long-lateral Toms 1-21XH, in Blaine County. Multiunit orders provide for the development with a single well bore of two or more 640-acre pooled units.
Meanwhile, Continental listed 1-day tests on notable company operated horizontal wells in the Anadarko Woodford play in the quarter ended Sept. 30.
They are: In Blaine County, Peters 1-3H, 5.1 MMcfd of gas and 51 b/d of oil, Kenneth 1-17H, 4.3 MMcfd and 149 b/d, Justice 1-15H, 4.9 MMcfd and 15 b/d, and Petty 1-17H, 2.1 MMcfd and 386 b/d; in Grady County, Lou 1-16H, 3.5 MMcfd and 224 b/d; in Dewey County, Saratoga 1-25H, 4.1 MMcfd and 110 b/d, and Dobbins 1-36H, 4.3 MMcfd and 62 b/d; and in Custer County, Cromwell 1-1H, 4.5 MMcfd and 34 b/d.
Don, It’s good we have you to keep us dreamers down to earth!
The 1280s anywhere are unusual for the oil patch. This is somewhat political and it gives the operator more time to develop closer spacing when the time is right as far as economics are concerned and they can hold the 1280 HBP. The verticles to the Woodward might indicate a more oil rich location where the frac without the lateral will deliver much the same production as with the lateral. Very much cheaper to drill that well than the one with the lateral. That is just a guess on my part.