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Last Friday, Chesapeake announced the best well in its history - the Thurmon Horn 406H in Wheeler County, Texas and one of the best oil wells drilled onshore U.S. in the last 30 years. The exploratory well produced a whopping 7,350 boepd (5,400 bpd oil, 1,200 bpd NGLs, and 4.6 MMcfd) over its first 8 days from the Hogshooter formation -- which sits above the Granite Wash. The well is over 5 miles from existing Hogshooter production and blew away prior Hogshooter results -- which have already been dramatic at times.
Using PLS' docFinder databse, we take a deeper dive into learning more about the Hogshooter play. The slide above left, presented in October 2010, shows the location of the Thurmon Horn 4-2H in northeastern Wheeler County (IP of 4,799 boepd, 46% oil) completed in the deeper Granite Wash zone. As stated by Chesapeake last Friday, this Hogshooter discovery is in a section of land where three wells had already been drilled to other formations -- presumably the deeper Granite Wash being one of them. Drilling an uphole zone to a record production level is certainly noteworthy. How many other Hogshooter uphole zones are known today from the deeper Granite Wash or other productive completions? We do know CHK is WOC on two other wells -- Zybach 6010H and Hamilton 39 10H -- and has 30,000 acres and 65 potential locations.
Above right is the most recent slide from Forest Oil which shows Hogshooter (also known as Missourian Wash) wells are now averaging 3,000 boepd (2,157 bpd oil, 546 bpd NGLs and 2.6 MMcfd) based on 24-hour IP rates. Forest has another 45 potential locations. Forest's map of the Hogshooter play is almost entirely within Wheeler County, Texas. This part of the Texas Panhandle is known for stacked pays and Forest is actively and successfully pursuing the Hogshooter, Cleveland, Tonkawa and an "Undisclosed Play" in NE Roberts County, Texas. Back in January 2012, PLS featured Forest's Missourian Wash in the docFinder Alert entitled Granite Wash, Tonkawa, Cleveland, Marmaton PLUS.
More Hogshooter players and data below.
Want more information on the Hogshooter play, the surrounding area and some key players? See below. Linn Energy currently has 3 rigs targeting the Hogshooter formation. Upstream and Midstream MLP Eagle Rock Energy Partners shows NE Wheeler County's rigs, permits and horizontal wells as well as its own infrastructure assets. Apache provides an education on the stacked pay nature of the area (over a mile of pay), and finally an excellent technical presentation on the Anadarko basin courtesy of SM Energy.
Did you know?
Oil company execs, investors and bankers know full well the value of "competitive reconnaissance." PLS' new docFinder database is a valuable DATA source to help you stay current on industry and company developments. DocFinder lets you quickly view and compare type curves, oil price differentials, drilling costs, operating costs, CAPEX plans past, present and future, and other critical data.
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