American Oil and Gas Reporter - October 2020 - 35
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WINNING BIG-TIME
With New Discoveries;
Development Projects
By Tim Beims
As the industry slowly restarts the engines
of drilling and completion activity, many of
the same companies that were quickest to
respond last spring to collapsing market conditions are among the first taking steps this
fall to get back to the business of developing
new reserves. In many cases, the early movers
are the smallest players in the game: private
independent oil and gas companies.
From the Rockies to South Texas, small
independents are proving that scale isn't everything; they are differentiating themselves
with low-cost structures, adaptable business
strategies, outside-the-margins thinking,
innovative applications of technology, and
high-quality leaseholds.
A case in point is Bison Oil & Gas II,
headquartered in Denver. In August, Bison
announced the results of the four-well
Boomslang A and B pads in its Baja area
in northeastern Weld County, Co. The
Boomslang drilling unit is composed of
seven mid-reach (~7,500-foot) laterals
and one extended-reach (~10,000-foot)
lateral. With laterals lengths averaging
7,700 feet, David Gonzales, president and
chief operating officer, says the eight wells
on the two pads produced at an average
daily rate of 625 barrels of oil equivalent
over the first 180 days from the Niobrara
and Codell formations.
"The Boomslang wells are significantly
outperforming offset wells in the area," remarks Gonzales. "We are very encouraged
by the production results, and by the fact
that we were able to drill and complete these
eight wells for less than $5 million apiece
on average. The economics are very favorable,
even in a lower-oil price environment."
Those results did not occur by happenstance, Gonzales assures. They represent the
outcome of a strategic approach of "designing
the Baja project the right way from day one,"
he asserts. "It starts with the geology in our
Denver-Julesburg Basin lease position. The
Baja area is characterized by high-liquids production, high porosity and resistivity rock, and
substantial oil in place in multiple benches of
the Niobrara. It has some of the best 'oily' wells
in the D-J Basin."
OCTOBER 2020 35
American Oil and Gas Reporter - October 2020
Table of Contents for the Digital Edition of American Oil and Gas Reporter - October 2020
Contents
American Oil and Gas Reporter - October 2020 - Intro
American Oil and Gas Reporter - October 2020 - 1
American Oil and Gas Reporter - October 2020 - 2
American Oil and Gas Reporter - October 2020 - 3
American Oil and Gas Reporter - October 2020 - 4
American Oil and Gas Reporter - October 2020 - Contents
American Oil and Gas Reporter - October 2020 - 6
American Oil and Gas Reporter - October 2020 - 7
American Oil and Gas Reporter - October 2020 - 8
American Oil and Gas Reporter - October 2020 - 9
American Oil and Gas Reporter - October 2020 - 10
American Oil and Gas Reporter - October 2020 - 11
American Oil and Gas Reporter - October 2020 - 12
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American Oil and Gas Reporter - October 2020 - 20
American Oil and Gas Reporter - October 2020 - 21
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American Oil and Gas Reporter - October 2020 - 33
American Oil and Gas Reporter - October 2020 - 34
American Oil and Gas Reporter - October 2020 - 35
American Oil and Gas Reporter - October 2020 - 36
American Oil and Gas Reporter - October 2020 - 37
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