Emerald pleased with wells
Emerald Oil recently released production results on its second operated Bakken well, the Arsenal 1-17-20H, in the Charbonneau field in the company’s Low Rider core area in west-central McKenzie County. Emerald reports that the well, which was completed in mid-May, had a peak 24-hour initial production rate, IP, of 1,638 barrels of oil equivalent per day and ultimately produced a total of 22,558 boe during the first 30 days of production, resulting in a 30-day IP of 761 boepd.
The company also reports results from its third operated Bakken well, the Caper 1-15-22H, which was completed in early June and is located in the Box Car Butte field, also in west-central McKenzie County. That well had a 24-hour IP of 2,063 boe and has produced 16,137 boe during its first 11 days of production for an 11-day average production rate of 1,543 boepd.
“The results of our Arsenal well and early indications from our Caper well continue to demonstrate the technical strength of our operating team,” said McAndrew Rudisill, Emerald’s chief executive officer in a June 25 press release. “We are pleased that the results of our first three operated wells exceed our modeled type curve for the Low Rider Area where we continue to add acreage.”
Fracking to begin soon In addition, Emerald reports that it will soon begin fracking its Slugger 1-16-21H well in the Charbonneau field. It has also recently completed its Mongoose 1-8-5H and Talon 1-9-4H wells, both also in the Charbonneau field. Emerald currently has two drill rigs operating and is in the process of drilling its Hot Rod 1-27-25H and Excalibur 5-25-36H wells, both in the Box Car Butte field. Emerald said it will release its next set of results when it reports second quarter 2013 earnings during the first week of August.
Rudisill said the company is actively working on increasing proppant per frack stage in each of its wells and added that the company believes that there is a direct correlation between proppant concentration per stage and “superior” well results. “There is still a lot to be gained from enhancing fracture stimulation design, and we are working on refining this technology,” Rudisill added.
As Petroleum News Bakken reported in early June, Emerald completed its first operated Bakken well in March. That well, the Pirate 1-11-2H, had a 24-hour IP of 1,801 boepd and a 30-day average production of 1,025 boepd. The Pirate 1-11-2H is in the Foreman Butte field, also in the company’s Low Rider core area in west-central McKenzie County.
Emerald Oil merged with Voyager Oil and Gas in July of 2012, and prior to that merger both companies were focused on non-operated lease holdings, but since the merger, Emerald has shifted its focus to operations. The company lists holdings of approximately 54,000 net acres, 23,500 acres of which are operated and are located in Dunn, McKenzie and Williams counties, North Dakota, and in Richland County, Montana.
—Mike Ellerd
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