Samson Oil & Gas Ltd. (ASX: SSN) has provided an update on its North Dakota and Wyoming operations.
NORTH STOCKYARD PROJECT, WILLIAMS COUNTY, N.D.
The infill development drilling of North Stockyard continues with the immediate fracking of 3 Three Forks wells (Bootleg 6, 7 and 8). Drilling operations of the easterly Three Forks wells (Ironbank 4 and 5) have progressed according to plan. During the fracking operations, the field was shut in to protect the existing well bores. This shut-in period is expected to be lifted late in November following the completion of the immediate fracking program.
Bootleg 6 and 8 fracks have been completed. Both frack jobs were 25 stages, 3.5 million pound treatments. The Bootleg 7 frack job is underway.
The Billabong 2-13-14HBK well is presently scheduled to be fracked in November and the frack will consist of 35 stages.
Frontier Rig 24 is currently on the TF north pad and has drilled and completed the Ironbank 4-14-13TFH in the Three Forks formation. The rig is drilling Ironbank 5-14-13TFH where it has set the production casing at 11,655 feet and is currently drilling the lateral portion of the wellbore at 11,733 feet.
RAINBOW PROJECT, WILLIAMS COUNTY, N.D.
Gladys 1-20H (SSN 23%)
The Gladys 1-20 H well has been drilled by Continental Resources to a total depth of 19,994 feet. The well is a 1,280 acre lateral (approximately 10,000 feet) in the middle member of the Bakken Formation. Since the Glady’s 1-20H was turned onto production September 7th, the well has produced an average of 414 BOPD.
HAWK SPRINGS PROJECT, GOSHEN COUNTY, WYO.
Bluff 1-11 (SSN 25%)
True Drilling Rig #26 is currently rigging up on the Bluff 1-11 well to drill out the temporary cement plug and set a liner across the Permian 9,500 sand. This will then enable a flow test to be undertaken after the True Drilling Rig #26 is moved off location. This test is aimed at establishing a flow rate and will also enable a detailed gas analysis to be undertaken. The test may also include a shut-in period which can be used to establish whether a gas-oil contact exists below the intersection of the Permian 9,500 sand.
TOTAL COMPANY PRODUCTION
Samson net production for 2014 is as follows:
Q1 | Q2 | JULY | AUGUST | SEPTEMBER | |||||||||||||||||||||
OIL, BO | 29,408 | 50,639 | 17,310 | 7,791 | 5,527 | ||||||||||||||||||||
GAS, MCF | 48,518 | 50,141 | 17,820 | 14,569 | 10,988 | ||||||||||||||||||||
BOE | 37,494 | 58,996 | 20,280 | 10,219 | 7,358 | ||||||||||||||||||||
BOEPD | 417 | 656 | 654 | 329 | 245 | ||||||||||||||||||||
Production has decreased since July due to new and vintage wells in North Stockyard being shut in for the frack program. These wells will be put back on production as the offset fracks are completed. The lost production is expected to be made up once these wells are restored to production due to the additional fracturing resulting from the new well fracks. Importantly once production is restored 4 new wells will come on line along with the flush production from the vintage wells.
The company has headquarters in Perth, Australia and Denver.
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