From Goodrich's earning release
The Goodrich Petroleum - Crosby 12H-1 well continuing to outperform the Company's 800,000 BOE type curve, with approximately 75,000 BOE (91% oil) produced in three months, with current production of approximately 700 BOE per day. The Company has participated with a non-operated working interest in the Ash 31H-2 well, which is a 5,300 foot lateral with 18 frac stages. The well has been flowing back for approximately two weeks and is still cleaning up due to the large frac job of one million pounds of proppant and 29,000 barrels of fluid per stage. Current 24-hour peak rate is approximately 730 BOE per day (92% oil), with 4% of the frac fluid recovered.
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This location are the two sections southeast of the Crosby well. I heard they are working night and day to get the pad ready. There is another permit before the MSOGB for the two sections northwest of the Crosby well. Things really heating up near the Crosby well.
The new well you're talking about George must be the Calvin 11-2H-1.
I saw it on the docket, but didn't try to figure out where it was located.
I have the Calvin well at Sect 2,11 T2N R1W. No coordinates other than that.
CBell
Any updated production numbers reported yet on either Ash well?
Last I heard was around 400 bopd on Ash 2 on artificial lift (pump). Water /Oil ratio?
Is the pump Ash 1 on a working pump yet ?
I hope Encana will soon go back in and try again to clear the remaining coil tubing to get this well working to potential.
Encana isn't talking about these Ash wells much - not a good sign. I expect them to go back to less proppant on the 2 Anderson wells which are now being fracked - more of a Goodrich Crosby well style completion, adding a clay stabilizer like Goodrich did on the Crosby. IMO
Encana hasn't said much about the 2 Weyerhauser wells, either, although the stated in their last quarterly report that they would be giving updates during the quarter...next quarterly report is set for mid July.
It is no wonder their stock is floundering.
The only positive news for the TMS is that the issues with these 4 Encana wells are more completion related foul ups not formation related. IMO
Ash 1, with the trouble in the hole made in May, the first full month of production, only 1445 barrels.
Ash 2 made in same period, also its first month, 12,319 barrels.
Decline rate for others has been 50 percent in the first 3 months.
Pumped too much water in 1st well to get a good daily rate. Still has coil tubing stuck in the other well. Next wells in this unit will be much better. IMO
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