The Texas Granite Wash continues to impress. Not too long after Forest Oil announced a 45 MMcfepd 24-hour IP, Linn Energy has announced a 60.2 MMcfepd well. 60.2 is an incredibly high IP, much higher than what is being announced in other hot plays, such as the Haynesville or Eagle Ford, and probably the highest Granite Wash IP to date.
The July 22nd press release details the production stream of the Black 50-1H; 27 MMcfpd of gas, 3,190 barrels of condensate per day, and 3,530 bbls of NGLs per day. The NGLs come from the 1,316 BTU/cf of gas. Below is a Drillinginfo map of the Black Lease and surrounding permits issued in 2010 so you can have an idea of who is in the area. The usual Granite Wash suspects are here, including Chesapeake, Newfield, and Forest.
What makes this even more impressive that this is only the second Linn-operated, horizontal Granite Wash well to date and the company expects the payout to occur in about two months. After announcing an expected Granite Wash 2010 budget of $53MM, Linn has to feel pretty comfortable with the program after these results.
“The outstanding results from this second well are considerably above what we expected. We believe this is the highest rate well reported in the Granite Wash trend. The liquids content of over 6,700 Bbls/d represents more than 65 percent of the production stream and we anticipate pay-out on this well in as little as two months.”, says Mark Ellis, President and CEO of Linn.
The Granite Wash is producing nice amounts of liquids greatly benefiting the economics. Expect other impressive Granite Wash results as the 2Q2010 earnings season begins. We will keep track of all things Granite Wash in the Granite Wash Unconventional Update.
Latest posts by Justin Birmingham (see all)
- Cabot O&G’s output increases 35% in 24 hours, now that is something to brag about - June 3, 2011
- Brigham IPs Follow Up - December 1, 2010
- Brigham crowding the podium with 1st, 2nd, and 3rd highest IPs in the Bakken - November 23, 2010