Not sure what happened in April but I like it.
|RPT DATE||LUW CODE||STORAGE FAC||DOC USE||WELL CNT||OPENING STK||OIL PROD(BBL)||GAS PROD(MCF)||DISPOSITION||CLOSING STK||PARISH|
You can thank the Johnson family. CUL wells were just turned on and Section 19 is in that unit.
I am familiar with the two recent CUL's drilled across sec 30 into 19. However those wells are serial #248998 and #249246. Wondering why they report under #239582, a totally different wellbore?
Wells within a unit report under the same LUW code number. The SONRIS well file for 239582 should be showing 5 wells in the Well Count column. 239582 is currently reported under Status Code 33 Shut In - Productive, Future Utility. The April production is actually from the four new CUL wells. Those wells will have their production allocated to all three sections/units under their original LUW codes. This is simply an entry screw up. If it doesn't get fixed let me know and I'll inform the database staff. All production from perforations in the lateral located in Section 19 will be credited to HA RA SU86 and reported under LUW 615665.
These are the new wells with surface location in Section 7 contributing to the April production number.
These are the new wells with surface location in Section 30 contributing to April production.
Skip you are an absolute genius, Will let ya know if error is not corrected. Thanks for the explanation.
The SONLITE info suggests the wells were very expensive.
How much to drill & complete?
I would guess these would be in the $8 MM range. If one assumes a CUL in the Caspiana Bethany area will have a 30% better EUR, then that is about $1.00 per MMCF all in. I believe a lot of the current HA activity has to do with downstream volume commitments, not economics.
That's much better than I thought.
The figure 8 million is somewhat of a relief.
Still, you need beaucoup gas to get to 8 million if you figure at least $1.50 mcf for transportation, treatment, compression, etc.
I was afraid those wells cost north of 10 million.
I agree with Jay. The horizontal HA wells with cost data that I have reviewed this year were in the $8M to $8.5M range depending on lateral length/number of stages.
Have any of you people in the mutual admiration society actually seen AFE's for Haynesville wells less than 10 million with depth numbers like the ones Skip posted?
My experts tell me the numbers are light.
I was shown 20 million dollar AFE's in the area with similar depth and completion characteristics.
Post a couple. I'd love to see them.
I am in the industry. Have been since 1979. Can you drill a well like this for $8 MM in the current market? Yes. Rigs and pipe are a dime a dozen. The service industry is in shambles and will do anything to keep a crew active.
I have seen two CUL AFE's. One was a tad under 8 million and the other was a tad under 10 million.