Exploration & Production | Well Cost | Drilling / Well Results | Key Wells | IP Rates-30-Day | Initial Production Rates

Mountainview Energy Reports ND Bakken Pad Well Results

Share Print Bookmark    |    Thursday,November 20,2014

Mountainview Energy Ltd. has provided an operational update on its recent three-well drilling program.

BJNJ Well Pad (BJNJ 30-31-1H & BJNJ 19-18N-1H)

• The Company has successfully drilled the BJNJ 30-30-1H well and the BJNJ 19-18-1H on its BJNJ well pad on the western side of the Company's 12 Gage core area in Divide County, N.D. 
• The BJNJ 30 well was drilled to a total depth of 17,927 feet, including a horizontal lateral of 9,453 feet within the Three Forks (Torquay) formation. 
• The second well on the pad, the BJNJ 19 well was drilled to a depth of 18,800 feet including a 10,100 foot horizontal lateral within the Three Forks (Torquay) formation. 
• Each of these wells were drilled (spud to rig release) in less than 18 days with Nabors USA Drilling Rig #165.
• The BJNJ 30 well was completed with a 36 stage fracture treatment using 3.7 million pounds of proppant and an updated fracture stimulation design. 
• The BJNJ 30 well averaged 552 barrels of oil equivalent per day (boe/d) (348 boe/d net to the Company before royalties), 89% oil, in its first 30 days of production. Within this 30 day period, a peak 1-day rate of 700 boe/d (441 boe/d net to the Company before royalties) and a 7 day consecutive production rate of 623 boe/d (392 boe/d net to the Company before royalties) were recorded. This 7 day peak rate is a 17% increase and the 30 day rate is a 29% increase over the corresponding production rates in the direct (south) offset well in the 12 Gage Projects (Heckman 7-6-1H). 
• The current estimated cost to drill, complete, and install surface facilities for the BJNJ 30 well is $5.8 million which is 11% below the original $6.5 million cost estimate for this well. The BJNJ 19 well is currently awaiting completions operations and is on target to meet the original $6.5 million cost estimate for the well.

Aaberg Well Pad (Aaberg 8-5N-1H)

The Company has also successfully drilled the Aaberg 8-5N-1H well on the Aaberg well pad on the eastern side of its core 12 Gage asset in Divide County, N.D. The Aaberg 8 well was successfully drilled to a total depth of 19,150 feet including a lateral section of 10,030 feet in pay. The Aaberg 8 well was drilled in 14 days. This well is now standing awaiting completion operations and is on target to meet the original $6.5 million cost estimate for the well.