Hess Corp. has produced a record-breaking 24-hour test well this month in McKenzie County, N.D., surpassing all records for U.S. land wells, according to an article in the website of the Oil Patch Hotline, an oil and gas trade publication for the Williston Basin.
“This was a barn burner,” said Hotline Publisher Dennis Blank. “The highest IP tests recorded before this on new horizontal Bakken wells were in the range of 3,000 to 4,000 barrels of oil equivalent per day.”
Hess said the An-Bohmbach-153-94-2734H set a new record 24-hour IP at 14,662 boe/d. The well produced 10,169 barrels of crude oil and 26,960 Mcf of natural gas and is located in Sec. 22, T153N-R94W. This new record breaker followed an earlier April 5 record of 10,626 boe/d on a companion horizontal well in the same pad.
“It was a great well and a great result,” said Hess President Greg Hill. “We achieved a very high rate IP, and it confirmed that our acreage performed very strongly in comparison to other operators.”
Recommended Reading
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Marathon Oil Expects ‘Mass Layoff’ After ConocoPhillips Deal Closes
2024-10-31 - Marathon Oil’s merger with ConocoPhillips, which is to close by year-end, will trigger a layoff of more than 500 Houston employees, according to a state regulatory filing.
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
2024-11-01 - Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
E&P Consolidation Ripples Through Energy Finance Providers
2024-11-29 - Panel: The pool of financial companies catering to oil and gas companies has shrunk along with the number of E&Ps.