Continental sees big target in Three Forks benches

The Bakken-Three Forks play in the Williston basin contained an estimated 903 billion bbl of original oil in place or 57% more than in 2010 when Continental Resources Inc. estimated that the entire field would eventually yield 20 billion bbl of oil and 4 billion boe of natural gas, the company said.

The company raised its estimate of OOIP based on results of its own completions in benches of the Three Forks formation just below the Bakken. In 2010 it assumed 577 billion bbl of OOIP in the Bakken and TF1 formations in North Dakota and Montana.

Continental floated the new estimate after testing its Charlotte 3-22H well in McKenzie County, ND, the first horizontal well to test the Three Forks third bench (TF3). The company was first to demonstrate incremental reserves from TF1 in 2008 and first to establish commercial production from TF2 in 2011 (OGJ Online, May 22, 2008).

The 1,280-acre Charlotte unit is the first unit in the play to have wells producing from three separate horizons, the Middle Bakken, TF2, and TF3.

The Charlotte 3-22H well went to 21,324 ft measured depth including a 9,701-ft lateral. It flowed 953 b/d of oil equivalent from the TF3 at 1,700 psi on a 28/64-in. choke in its initial 1-day test period.

Completed with Continental’s standard 30-stage fracture stimulation, it has been producing for 15 days with performance that compares favorably with other TF1 and TF2 wells, the company said. Continental has a 91% working interest in the well.

If Charlotte 3-22H continues to perform in line with the second bench Charlotte 2-22H, it will be the first well to establish commercial production in the third bench. Charlotte 3-22H is the first well in a 14-well program that Continental plans to complete by the end of 2013 to test productivity of the second, third, and fourth benches of the Three Forks over a broad area of the play.

Contact Alan Petzet at alanp@ogjonline.com.

Related Articles

EOG sees crude potential in Leonard, Second Bone Spring

12/12/2014 EOG Resources considers various formations within the Delaware basin of West Texas and New Mexico to be one of its three top US plays with the othe...

ETP eyes larger capacity for planned Bakken pipe

12/12/2014 Energy Transfer Partners LP has launched a binding expansion open season to boost capacity on a planned pipeline system that would move oil from th...

Weak crude prices could threaten Bakken production growth

12/12/2014 Bakken shale production set another record in August, but weakening crude prices and flaring reduction efforts threatened to temper production grow...

Bakken producers face possible new vapor pressure standards

12/12/2014 Oil producers in the Bakken, Three Forks, and Sanish plays could face new transportation safety regulations from the North Dakota Industrial Commis...

Bakken flaring plan for Hess includes remote NGL capture

12/12/2014 Hess Corp., taking seriously a state mandate to reduce flaring in the Bakken shale, has adopted the use of a remote NGL capture technology at a han...

US needs more data before ending crude export ban, House panel told

12/11/2014 Much more environmental impact information is needed before the US can reasonably remove crude oil export limits, a witness told a House Energy and...

North Dakota producers face new vapor pressure standards

12/10/2014 North Dakota has approved new rail transportation safety standards for crude oil that stipulate operating standards for oil-conditioning equipment ...

ConocoPhillips slashes 2015 capital budget

12/08/2014 ConocoPhillips has elected to reduce its 2015 capital budget to $13.5 billion, down 20% compared with this year’s budget. The news comes on the hee...

Whiting completes acquisition of Kodiak

12/08/2014 Whiting Petroleum Corp. has completed its acquisition of Kodiak Oil & Gas Corp. following the issuance of a final order by the Supreme Court of...

White Papers

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Available Webcasts



The Future of US Refining

When Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

When Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST



On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected