Dean、Dean 和更多 Dean:道森威尔斯达到 1500 万桶里程碑

位于米德兰盆地斯普拉贝里和沃尔夫坎普之间的致密迪恩砂岩层厚达300英尺,自2020年以来,仅道森县的43口井就已产油超过1500万桶。以下是具体数据。

SM能源公司于2024年加入道森县迪恩油田项目,从信实能源公司手中净夺约2万英亩油田。
(来源:SM能源)

科罗拉多矿业学院地球科学研究生布列塔尼·阿布尔 (Brittany Abbuhl) 在 2018 年的论文中研究了米德兰盆地北部的致密砂岩迪恩组。

史蒂芬·索南伯格博士曾任美国石油地质学家协会主席,长期担任矿业学教授,是她的顾问。

具体来说,阿布尔重点研究了德克萨斯州的道森县以及邻近的博登县,发现米德兰北部的迪安岩厚度达 200 英尺,孔隙度约为 10%,与上覆的斯普拉贝里岩相似,斯普拉贝里的渗透率低于 1 毫达西。

她写道,虽然对二叠纪盆地进行了大量研究,但其中一些研究集中在斯普拉贝里和沃尔夫坎普,“但研究迪恩组的人却很少”。

这就是她工作的目的。

她的结论是:道森县院长的生产力值得仔细研究。

根据《石油和天然气投资者》对德克萨斯州铁路委员会 (RRC) 文件的分析,从 2020 年开始,运营商就开始这样做了,迄今为止,仅从道森的几十口 Dean 井(钻探时间从 59 个月到仅 4 个月不等)就产出了超过 1500 万桶的石油

以桶油当量计算,Dawson Dean 放弃了 90% 以上的石油加权。

这 43 口井的产量总计 486,000 英尺,平均每 1,000 英尺产量为 32,739 桶。

总计在线 952 个月的平均产量为 527 桶/天。

“Jean,Dean,还有更多的Dean”

雷蒙德詹姆斯 (Raymond James) 分析师约翰弗里曼 (John Freeman) 对今年春季的热门新剧目给予了高度评价,并用 41 页的篇幅深入探讨了 2025 年米德兰盆地的运作情况。

“伊恩、迪恩,还有更多的迪恩”,他写道,Birch Resources在覆盖 Wolfcamp 钙质泥岩的细粒、低渗透性硅质碎屑岩中发现了巨型油井。

根据OGI 的分析,截至 1 月份,这家总部位于休斯顿的私营运营商在道森的 16 口 Dean 油井中,自 2022 年 7 月开始的 286 个月内共生产了 734 万桶石油。

Birch 油井的平均日产量为 851 桶。迄今为止,这些油井(总计 176,101 英尺)每 1,000 英尺的平均产量为 41,666 桶。

弗里曼写道,伯奇在迪恩的最新油井“将成为​​ 2024 年米德兰盆地产量最高的油井之一”。

其中包括 Birch's Hot Pie、Lady Stoneheart 和 Ghost wells,均位于道森东南部。

根据完井报告,前 24 小时的 IP 范围为 1,785 至 2,668 桶。

以 IP-180 为基础,Birch 油井的平均产量为 1,189 桶/天,“远高于米德兰平均 IP-180 的 615 桶/天”,Freeman 报道。

根据RRC数据,每个水平段约10,300英尺。两口Hot Pie井前11个月的产量为95.5万桶;两口Lady Stoneheart井前13个月的产量为86.9万桶;两口Ghost井前13个月的产量为51.9万桶。

弗里曼写道:“自从几年前我们上次对该盆地进行深入研究以来,迪恩盆地一直是最大的开发项目。”

他发现,2024 年整个米德兰地区的生产力“将处于领先地位”。

“到 2024 年,Dean 井的产量将比 Wolfcamp A 井高 33%,比 Wolfcamp B 井高 31%。”

Dawson 算子

根据 RRC 的数据,Dawson Dean 油田由私人控股,总部位于米德兰的Reliance Energy 公司开发,其 Caballo Azul 28-33 #2884DN 油田从 9,930 英尺的水平井中开采出 375 桶油,于 2020 年 3 月投产。

截至 2025 年 1 月,其产量为 310,644 桶。

继 Reliance 之后,伪装成CGS Operating 的EOG Resources于 2020 年 5 月将 Santorini #M2H 投产,根据油井文件,该油井从 10,416 英尺的水平井中产出 471 桶石油,截至今年 1 月已生产 501,602 桶石油。

EOG 于 2020 年 4 月从 J. Cleo Thompson 手中收购了道森县的资产;根据 RRC 的数据,之前的所有者分别是Occidental PetroleumThree Rivers Operating IIPioneer Natural Resources 。

Piñon Operating随后于 2020 年 9 月推出了 Chocolate Lab 40-33 #1H,该井从 7,429 英尺的水平井中产出了 1,004 桶油,截至今年 1 月已产出 359,128 桶油。

2021年,EOG和Reliance各自在Dean地区新增了两口油井。2022年,Birch Resources新增了两口油井,EOG新增了三口,Reliance和Piñon分别新增了一口。

A&D 院长

2023 年 7 月, SM 能源公司以 9,350 万美元的价格收购了 Reliance 总计 20,750 英亩的连续土地,其中包括五口 Dean 油井,这些油井此前已产油 150 万桶,迄今为止已产油 751,811 桶。此后,Dawson的 Dean 油井租赁权开始易手。

2021 年 8 月,在 E&P 将 Reliance 的部分资产投放市场几个月后,该公司从White Rock Oil & Gas 公司手中收购了这些资产。

根据 PetroDivest 的销售传单,White Rock 全面运营并 100% 采用 HBP,将连续的 1,417 英亩总面积和净面积描述为低衰减率和 100% 为石油。

PetroDivest 补充道,除了中斯普拉贝里 (Middle Spraberry) 之外,“此次收购还包括下斯普拉贝里 (Lower Spraberry) 和迪恩 (Dean) 地层的潜力,从而提供额外的近期开发目标。”

报告还指出,道森 (Dawson) 西南方向的钻井位置被印度地质调查局 (EOG) 的 Santorini #2H 井(已于 2021 年 2 月获得许可)和 Reliance 的一口井 Trigger 19-18 #1MS 井(已于 2021 年 1 月获得许可)所包围。

同样在 2023 年,Ike Operating 进入市场,并于当年 10 月收购了 Piñon,接管了其三口油井,这三口油井已生产了 135 万桶石油,截至今年 1 月,投产后的前 108 个月累计产量为 192 万桶。

根据截至 1 月份的 RRC 数据,Hibernia Resources IV于 2024 年进驻 Dean,并在 Dean 地区钻了 5 口井,而 Birch、EOG、Ike 和 SM 已在 Dean 地区钻了 14 口新井。

1 月份,该县 111 家运营商中,为 Dean pay 进行的 5 项钻探共生产了 810,489 桶石油,而 Dawson 当月的总产量为 951,312 桶。

相比之下,根据 RRC 文件,2018 年 1 月该县所有地层的产量总计为 336,706 桶。

以前发现石油的地方

卡尔文(迪恩)油田于 1965 年在里根和格拉斯科克边界中部被发现,到 1994 年产量为 4440 万桶;1995 年 1 月,该油田 100 多口井的总产量仅为 61,000 桶,并在年底前关闭。

与此同时,根据RRC的数据,道森县(Dawson County)专门针对迪安(Dean)油田的产量,从1993年1月到2025年1月,共生产了1760万桶原油和126亿立方英尺套管头气。这些20世纪90年代的记录是RRC最古老的数字化生产数据。

最大的是阿克利(迪安沙)油田,31 年间共产出 1620 万桶石油,在道森与博登、霍华德和马丁县交界的东南边界共产出 107 亿立方英尺石油。

1954 年,斯坦林德石油天然气公司 (Stanolind Oil and Gas)在迪恩 (Dean) 约 8,000 英尺深处放置垂直 JY Graves #A-1 时发现了 Ackerly 。

该油田西侧是位于道森中南部的德克斯-哈蒙(迪恩)油田,该油田在过去 31 年中共生产了 130 万桶石油和 18 亿立方英尺天然气。

地质学系主任

在过去的一个世纪里,二叠纪上下的地层都得到了经济性的开采,而莱昂纳多纪的斯普拉贝里、迪恩和沃尔夫坎普上部系列则未能产出大量石油。

斯普拉贝里趋势油田于 1949 年被发现,以富含石油和天然气而闻名,但直到本世纪仍被认为是“世界上最大的无经济效益油田”,因为如果没有水平井和现代压裂技术,几乎无法从岩石中开采出石油。

迪安·霍利泽斯
(资料来源:《石油和天然气投资者》通过德克萨斯州 RRC 数据)

俄克拉荷马大学地球科学硕士毕业生、德克萨斯大学博士刘李和高级地球科学研究员威廉·A·安布罗斯于 2022 年写道,迪安断层位于斯普拉贝里断层之下,沃尔夫坎普断层之上,是在大约 2.75 亿年前,由现在的南美洲和北美洲在板块漂流带中碰撞而沉积下来的。

他们发现,Dean 是一块“横向连续、大规模的砂岩片”,位于米德兰盆地北部,厚度约为 300 英尺,位于南部,厚度约为 100 英尺。

在特拉华盆地,该矿床的年龄相当于沃尔夫坎普上方的第三骨泉 (Third Bone Spring)。

但 C. Robertson Handford 在 1981 年发表于《APG Bulletin》的一篇论文中写道,迪安峡谷的外观和沉积环境与特拉华山脉群中较年轻的、沙质、粉质的瓜达鲁普世贝尔峡谷、樱桃峡谷和布拉希峡谷更为相似。

他发现它们彼此难以区分。

迪安地层年龄当量二叠纪盆地
(来源:能源信息署)

上、下院长

在研究道森迪安岩心时,矿山公司的阿布尔发现,上迪安岩和下迪安岩被胶结碳酸盐隔开,使得它们“在矿物学上彼此独特,因此具有不同的储层特性”。

下迪安含有更多的石英、干酪根和粘土;上迪安含有更多的方解石、白云石和文石。

水泥可能起到了密封的作用,防止下迪安的石油渗入上迪安,“从而解释了为什么上迪安内没有碳氢化合物指标。”

她补充说,上层的孔隙度也只有个位数,而下层的孔隙度则高达 12%。

她发现,“总体而言,上迪恩储层自生和碎屑碳酸盐矿物的比例较高,这些矿物容易堵塞孔隙度并限制渗透性,而下迪恩储层二氧化硅含量较高,自生和碎屑碳酸盐含量较低,整体孔隙度和渗透性较高。”

下迪恩储层含水量较少,总有机碳含量较高,天然压裂较多,因此“储层质量和勘探前景比上迪恩储层更好”。

她补充道,由于米德兰盆地北部的迪恩海冰比盆地其他地方的海冰都要厚,这很可能是由于马蹄环礁的沉积物漂流造成的。

D&C 干预

当汉福德 1981 年的报告(关于迪恩地层最常被引用的研究)发表时,石油价格为每桶 32 美元,或经通胀调整后的今天为每桶 112 美元。

运营商赚得盆满钵满。

按照这个价格,他预计 Sprayberry 和 Dean“无疑将成为细粒、低渗透、低压油藏提高采收率 [EOR] 技术开发中越来越重要的目标”。

他总结道,“毫无疑问,Dean 和 Spraberry 地层中还残留着大量可生产的碳氢化合物。”

但除此之外,要想从 Dean 获得比 EOR 所能达到的更多收益,就需要某种突破,他总结道。

“其他剩余的碳氢化合物包括尚未发现的碳氢化合物,除非发生事故或将沉积学方面纳入未来的勘探策略,否则这些碳氢化合物将保持未被发现的状态。”

四十年后,迪恩的干预措施来到了道森县:裂缝刺激水平线。

希伯尼亚、SM、EOG、Birch 结果

根据 RRC 的数据,Hibernia 于 9 月和 10 月在 Dean 投产了四个 Robyn Lee 水平井,每个水平井的平均产油量为 2,015 桶,平均深度为 16,000 英尺。

根据 RRC 的数据,截至 1 月份,这些油田上线后的前 4.5 个月平均总产量为 802,840 桶。

与此同时,自收购道森的 Reliance 资产以来(截至 1 月),SM Energy 在 19 个月内已生产了 130 万桶石油。

摩根大通证券分析师阿伦·贾亚拉姆 (Arun Jayaram) 报告称,10 月份,其 JB Books #1382DN IP 从迪恩 (Dean) 的 11,632 英尺水平井中产出了 1,359 桶油当量/天,其中 95% 为石油。

配套井 JB Books #1381DN,IP 产量为 1,338 桶油当量/天,含油率为 96%,水平井深度为 11,629 英尺,平均每 1,000 英尺产出 115 桶油当量。

贾亚拉姆在 2 月份的分析中写道:“我们从米德兰盆地记分卡中得出的一个有趣结论是,道森县在 2024 年每侧英尺调整后的油井生产率最高”,同时还指出,油井样本池很小:只有 27 口。

尽管 SM 已与投资者讨论了其在 Dean 的工作,但 Jayaram 指出,“除了强调强劲的国内勘探活动组合外,OG 几乎没有提供有关其道森县计划的细节”。

SM能源道森
(来源:摩根大通证券援引 Enverus 数据)

不过,根据 Enverus 的数据,他在撰写报告时发现 EOG 在该县运行着一台钻井平台。

不过,EOG 在道森西南部的成绩并不出色。

Jayaram 写道:“州数据显示,道森的 9 口 EOG 油井将于 2024 年首次投产,但其产量均低于米德兰盆地油井的平均水平。”

Jayaram 拥有数据的 9 口油井的六个月累计产量为每 1,000 英尺 6,200 桶,“比 2024 年米德兰盆地的平均产量低 37%”。

他补充道,除去产量最差的两口井,EOG 油井的产量比米德兰所有地层的平均产量低 26%。

与此同时,雷蒙德·詹姆斯 (Raymond James) 的弗里曼 (Freeman) 写道,在迪恩 (Dean) 看来,Birch Resources 是米德兰盆地 (Midland Basin) 运营商 2024 年油井生产力改进计划中的“俱乐部领袖”。

弗里曼写道:“以石油为基础,Pirch 的生产率同比增长了 70% 以上,这主要是因为其 75% 的 D&C 集中在 Dean,而 2023 年这一比例仅为 21%。”

EOG 道森县
(来源:摩根大通证券援引 Enverus 数据)

霍华德县的迪恩

SM 在其拥有六口井的 Guitar North 多地层开发项目中,在霍华德县西部距离 Dawson 油气田以南约 35 英里处开了两口 Dean 井,该项目还在 Jo Mill、Middle Spraberry、Lower Spraberry 和 Wolfcamp A 各开了一口井。

根据 RRC 文件,Guitar North #2883DN IP 从 10,156 英尺的水平井中开采出 1,805 桶油。

第二口 Dean 井,Guitar North #2885DN IP,从 10,352 英尺的水平段产出 1,451 桶油。

同样位于霍华德县的 Oxy 公司在 Big Springs 附近拥有 18 口油井的 Santana 开发项目,距道森市的 Dean 热点地区以南约 40 英里,其中有四口油井位于 Dean,每口油井的日产量在 1,162 至 1,775 桶之间。

其他油井分别位于 Sprayberry、Wolfcamp A 和 Wolfcamp B。

根据 RRC 文件,从 2000 年开始,Santana #2430D 在从 10,876 英尺水平井中产出 1,162 桶石油后,在其投产后的前 57 个月内产出了 325,000 桶石油。

Santana #2436D 从 12,011 英尺水平井中开采出 1,775 桶石油,之后开采出 320,000 桶石油。

另一口井 Santana #2432D 在从 11,137 英尺水平井中深度 1,727 英尺后产油 340,000 桶。

产量更高的是,Santana#2938D 在从 12,500 英尺水平井中开采出 1,343 桶石油后,在不到五年的时间内就开采出了 760,000 桶石油。

RRC 的数据显示,截至 1 月份,这 18 口井的产量为 460 万桶石油和 151 亿立方英尺。

每月生产趋势图
(资料来源:《石油和天然气投资者》通过德克萨斯州 RRC 数据)

马丁县的迪恩

Diamondback Energy 公司已在马丁县的 Dean 井启动了勘探工作,该井位于霍华德边境,与 SM 井和 Oxy 井相邻。

该公司位于 Grantham West 50-48 的 12 口井单位,其中 3 口位于迪恩 (Dean),距离道森 (Dawson) 热点以南约 25 英里,其 RRC 文件中未包含每口井的产量数据。

但截至 1 月份,该装置上线后的前 10 个月共生产了 160 万桶石油和 34 亿立方英尺天然气。

另外,该公司还在马丁县靠近道森热点的七口井 Tomcat 23-24 平台中安装了两口 Dean 井。

截至 1 月份的前 10 个月,Tomcat C 产油井共生产了 276,000 桶原油和 3.31 亿立方英尺套管头气,而 Tomcat D 产油井共生产了 226,000 桶原油和 2.71 亿立方英尺套管头气。

弗里曼发现 Diamondback 2024 年的生产率比 2023 年高出 9%。

他补充道,“海洋地层是生产力提高的主要驱动力”,这有助于 Diamondback 在 2024 年打造米德兰盆地回报率最高的油井,并加入康菲石油公司。

他还发现,2024 年,Oxy 转向在 Dean 而不是 Jo Mill 登陆,这使得油井质量比 2023 年提高了 22%。

他报告说:“产量最高的区域是 Dean,产量最低的区域是 Jo Mill,这是提高 [Oxy] 井整体性能的好方法。”

新核心库存

根据弗里曼的分析,对于修剪整齐的米德兰盆地来说,迪恩的结果是个好消息。

他发现,位于米德兰盆地北部的迪恩油田有 32% 的油价和 2.50 美元的气价,他认为这是“更高的”价位,而有 49% 的油价和 3.50 美元的气价。

据 Freeman 报道,新 Dean 油井的产量正在回升,而大量钻探的 Wolfcamp A 和 B 油井的库存正在下降,2019 年米德兰盆地油井的产量为 67%,但到 2024 年将下降到 47%。

“由于 Wolfcamp A 和 B 的核心库存日益枯竭,我们预计运营商将在 Wolfcamp C/D、Dean 和 Jo Mill 寻找新的核心位置,这些位置的土地质量更加分散,回报率也不太稳定。”

Jo Mill 位于中斯普拉贝里和下斯普拉贝里之间,而 Wolfcamp C 和 D 位于 Wolfcamp B 之下。

作业人员还在努力钻取 Wolfcamp D 地下更多宾夕法尼亚岩石的核心,以及更深的泥盆纪 Woodford 岩石的核心。

弗里曼统计,2024 年上线的下宾夕法尼亚和伍德福德油井有 59 口,2023 年上线的有 46 口。

然而,Dean 油田不会永远存在,而平均油田包括“Birch 在道森县钻探的巨型油井”。

“所以,我们预计未来板凳的生产力会下降。伯奇一直在钻研的院长核心区域几乎已经用尽了。”

SM Energy 总裁兼首席执行官 Herb Vogel 今年早些时候告诉投资者,SM 正在观察地层的变化。团队正在“重点关注‘极K’,最好的地层在哪里,其他地层又在哪里?’这将取决于不同的发射台。”

但院长已经表明,“由于生产力高,所以竞争非常激烈,”他补充道。

也就是说,“只要您为其选择正确的位置”。

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Dean, Dean and More Dean: Dawson Wells Reach 15 MMbbl Milestone

The sheet of tight dean sandstone, up to 300 ft thick, that sits between Spraberry and Wolfcamp in the Midland Basin has already made more than 15 MMbbl since 2020 from just 43 wells in Dawson County alone. Here’s a look.

SM Energy joined in the Dean play in Dawson County in 2024, picking up some 20,000 net acres from Reliance Energy.
(Source: SM Energy)

For her thesis in 2018, Colorado School of Mines geosciences grad student Brittany Abbuhl took a look at the tight-sandstone Dean Formation in the northern Midland Basin.

Dr. Stephen Sonnenberg, a past American Association of Petroleum Geologists president and longtime Mines professor, was her adviser.

In particular, Abbuhl focused on Dawson County, Texas, as well as the adjacent Borden County, finding the northern Midland’s Dean up to 200 ft thick with roughly 10% porosity—similar to the overlying Spraberry where permeability is less than 1 millidarcy.

While volumes of research had been done on the Permian Basin, some have focused on the Spraberry and Wolfcamp “but fewer yet have studied the Dean Formation,” she wrote.

Thus, the purpose of her work.

Among her conclusions: The productivity of Dawson County’s Dean was worth a closer look.

Beginning in 2020, operators have done that and, to date, made more than 15 MMbbl from just a few dozen Dean wells in Dawson ranging from 59 months old to just 4, according to an Oil and Gas Investor analysis of Railroad Commission of Texas (RRC) files.

On a boe basis, the Dawson Dean gives up a 90%-plus oil weighting.

The output from the 43 wells’ total 486,000 feet of lateral has averaged 32,739 bbl per 1,000 feet.

Average production from their combined 952 months online is 527 bbl/d.

‘Dean, Dean and more Dean’

Raymond James analyst John Freeman couldn’t have been more emphatic about the hot new play this spring, while taking a 41-page dive into what’s working in the Midland Basin in 2025.

“Dean, Dean and more Dean,” he wrote about Birch Resources’ whopper wells in the fine-grained, low-permeability, siliciclastic rock that overlies the Wolfcamp’s calcareous mudstones.

The privately held Houston-based operator made 7.34 MMbbl through January from 16 Dean wells in Dawson in a combined 286 months beginning in July 2022, according to the OGI analysis.

Per day, Birch’s wells have averaged 851 bbl. The average output to date per 1,000 ft of the wells’ combined 176,101 ft of lateral is 41,666 bbl.

Freeman wrote that Birch’s newest wells in Dean “were among the Midland Basin’s most productive wells during 2024.”

They include Birch’s Hot Pie, Lady Stoneheart and Ghost wells, all in southeastern Dawson.

First-24-hour IPs ranged from 1,785 to 2,668 bbl, according to completions reports.

On an IP-180 basis, the Birch wells averaged 1,189 bbl/d, “far above the Midland average IP-180 of 615 bbl/d,” Freeman reported.

Each lateral is about 10,300 ft, according to RRC data. First-11-month production from the two Hot Pie wells was 955,000 bbl; two Lady Stoneheart wells, 869,000 bbl in their first 13 months; and two Ghost wells, 519,000 bbl, also in 13 months.

“The Dean has been the biggest development since our last deep-dive report on the basin a few years ago,” Freeman wrote.

In 2024 productivity throughout the Midland, the “Dean leads the pack,” he found.

“During 2024, Dean wells were 33% more productive than Wolfcamp A wells and 31% more productive than Wolfcamp B.”

Dawson operators

Opening the Dawson Dean play was privately held, Midland-based Reliance Energy with its Caballo Azul 28-33 #2884DN that IP’ed 375 bbl from a 9,930-ft lateral and came online in March 2020, according to RRC data.

It produced 310,644 bbl through January 2025.

Following Reliance, EOG Resources, disguised as CGS Operating, brought online the Santorini #M2H in May 2020 that IP’ed 471 bbl from a 10,416-foot lateral and produced 501,602 bbl through this past January, according to well files.

EOG had picked up its Dawson County property in April 2020 from J. Cleo Thompson; prior owners had been Occidental Petroleum, Three Rivers Operating II and Pioneer Natural Resources, according to RRC data.

Piñon Operating followed in September 2020 with its Chocolate Lab 40-33 #1H that IP’ed 1,004 bbl from a 7,429-foot lateral and produced 359,128 bbl through this past January.

In 2021, EOG and Reliance each brought two more Dean wells online. In 2022, Birch Resources joined with two, while EOG made three, and Reliance and Piñon each made one.

Dean A&D

Leaseholds with Dean rights began to change hands in Dawson in July 2023 when SM Energy bought the Reliance property totaling 20,750 contiguous acres for $93.5 million, including five Dean wells that had already produced 1.5 MMbbl and have gone on to make another 751,811 bbl to date.

Some of Reliance’s property was picked up from White Rock Oil & Gas in August 2021, a couple months after the E&P put it on the market.

Fully operated and 100% HBP, White Rock described the contiguous 1,417 gross and net acres as low-decline and 100% oil, according to the PetroDivest sales flyer.

In addition to the Middle Spraberry, “the offering includes potential in the Lower Spraberry and Dean formations, providing additional near-term development targets,” PetroDivest added.

It also noted that the southwestern Dawson position was surrounded by CGS’ (EOG’s) Santorini #2H that had been permitted in February 2021 and a Reliance well, Trigger 19-18 #1MS, that had been permitted in January 2021.

Also in 2023, Ike Operating entered, buying out Piñon that October, picking up its three wells that had already produced 1.35 MMbbl and have made 1.92 MMbbl through this past January in their first 108 months combined online.

Hibernia Resources IV entered in 2024 and put five wells in Dean, adding to 14 new Dean holes made by Birch, EOG, Ike and SM, according to RRC data through January.

Among the county’s 111 operators in January, the five drilling for Dean pay produced 810,489 bbl of Dawson’s total 951,312 bbl that month.

In contrast, the county’s production totaled 336,706 bbl from all formations in January 2018, according to RRC files.

Where oil was found before

Calvin (Dean) Field was discovered in 1965 at the central Reagan-Glasscock border, producing 44.4 MMbbl by 1994; in January 1995, it produced a total of only 61,000 bbl from more than 100 wells and was shut in before yearend.

Meanwhile, Dawson County fields that target the Dean specifically by name produced 17.6 MMbbl and 12.6 Bcf of casinghead gas from January 1993 through January 2025 according to the RRC. Those records from the 1990s are the RRC’s oldest digitized production data.

The largest is the Ackerly (Dean Sand) Field, giving up 16.2 MMbbl in those 31 years and 10.7 Bcf at Dawson’s southeastern border with Borden, Howard and Martin counties.

The Ackerly was discovered in 1954 by Stanolind Oil and Gas when putting the vertical J.Y. Graves #A-1 in Dean at about 8,000 feet.

The field is flanked on the west by the Tex-Hamon (Dean) Field in south-central Dawson that produced 1.3 MMbbl and 1.8 Bcf in the past 31 years.

Dean geology

In the past century, formations above and below the Permian period were economically produced, while the Leonardian-epoch Spraberry, Dean and upper Wolfcamp series resisted giving up much of their oil.

Discovered in 1949, Spraberry Trend was known to be steeped in oil and gas but considered “the world’s largest uneconomic oil field” well into this century as little oil could be pried from the rocks without horizontals and modern fracture stimulations.

Dean Horizontals
(Source: Oil and Gas Investor via Texas RRC data)

The Dean, underlying Spraberry and overlying Wolfcamp, was deposited about 275 million years ago as what are now South America and North America collided in platedrift, wrote Li Liu, a University of Oklahoma geosciences master’s graduate with a University of Texas Ph.D., along with William A. Ambrose, a senior geosciences researcher, in 2022.

The Dean, they found, is a “laterally continuous, largescale sheet” of sandstone that is some 300 feet thick in the northern Midland Basin and 100 feet south.

In the Delaware Basin, the deposit’s age equivalent is Third Bone Spring overlying Wolfcamp.

But the Dean’s appearance and its depositional setting are more similar to the younger, sandy, silty, Guadalupian-epoch Bell, Cherry and Brushy canyons in the Delaware Mountain Group, wrote C. Robertson Handford in a 1981 paper published in “AAPG Bulletin.”

He found them to be indistinguishable from each other.

Dean formation age-equivalent Permian Basin
(Source: Energy Information Administration)

Upper, lower Dean

In studying Dawson Dean cores, Mines’ Abbuhl found an upper and a lower Dean separated by a cemented carbonate, making them “mineralogically unique from one another and, consequently, contain different reservoir properties.”

The Lower Dean has more quartz, kerogen and clay; the Upper Dean, more calcite, dolomite and aragonite.

The cement likely acts as a seal, preventing the Lower Dean’s oil from seeping into the Upper Dean, “thus explaining why there are no hydrocarbon indicators within the Upper Dean.”

The upper layer also has single-digit porosity, she added, while the Lower Dean’s is up to 12%.

“Overall, the Upper Dean contains a higher percentage of authigenic and detrital carbonate minerals that are prone to occlude porosity and restrict permeability, while the Lower Dean has higher silica content, lower authigenic and detrital carbonate content, and higher overall porosity and permeability,” she found.

The Lower Dean also contains less water, more total organic carbon and more natural fracturing, resulting in “better reservoir quality and prospectivity than the Upper Dean.”

As the northern Midland Basin’s Dean is thickest than elsewhere in the basin, it’s likely due to sediment drifting from the Horseshoe Atoll, she added.

D&C intervention

When Handford’s 1981 report—the most often cited research on the Dean Formation—was published, oil was $32/bbl or an inflation-adjusted $112/bbl today.

Operators were in the money.

At that price, he expected Sprayberry and Dean “will undoubtedly become an increasingly important objective for the development of enhanced oil recovery [EOR] techniques in fine-grained, low-permeability, low-pressure reservoirs.”

He concluded, “Large quantities of producible hydrocarbons undoubtedly remain in the Dean and Spraberry formations.”

But otherwise, making much more out of the Dean than EOR would surface would require some type of breakthrough, he concluded.

“Other remaining hydrocarbons include what is undiscovered and will remain [undiscovered] unless an accident intervenes or where sedimentologic aspects are integrated into future exploration strategies.”

Forty years later, the Dean intervention arrived in Dawson County: fracture-stimulated horizontals.

Hibernia, SM, EOG, Birch Results

Hibernia put online four Robyn Lee laterals in Dean in September and October with IPs averaging 2,015 bbl each from laterals averaging 16,000 feet, according to the RRC data.

Combined production in their average first 4.5 months online through January totaled 802,840 bbl, according to RRC data.

Meanwhile, in the 19 months through January since buying the Reliance property in Dawson, SM Energy has produced 1.3 MMbbl.

Its JB Books #1382DN IP’ed 1,359 boe/d, 95% oil, from an 11,632-foot lateral in Dean in October, averaging 117 bbl per 1,000 ft, reported Arun Jayaram, analyst for J.P. Morgan Securities.

A companion well, JB Books #1381DN, IP’ed 1,338 boe/d, 96% oil, from an 11,629-foot lateral, averaging 115 bbl per 1,000 ft.

“One of the interesting takeaways from our Midland Basin Scorecard was that Dawson County had the highest well productivity on a [per]-lateral-foot-adjusted basis in 2024,” Jayaram wrote in the February analysis, while also noting that the sample pool of wells was small: 27.

While SM has discussed its Dean work with investors, “EOG has provided very little detail on its Dawson County program aside from highlighting a robust portfolio of domestic exploration activity,” Jayaram noted.

SM Energy Dawson
(Source: J.P. Morgan Securities citing Enverus data)

At the time of his report, though, he found EOG was running one rig in the county, based on Enverus data.

EOG’s results in southwestern Dawson haven’t been great, though.

“State data show nine EOG wells in Dawson … with first production in 2024, all of which are underperforming the average Midland Basin well,” Jayaram wrote.

Six-month cumulative output among nine wells for which Jayaram had data was 6,200 bbl per 1,000 ft, “which is 37% below the Midland Basin average in 2024.”

When removing the poorest two performers, the EOG wells’ output is 26% below the Midland average from all formations, he added.

Meanwhile in the Dean, Birch Resources is the “leader in the clubhouse,” Raymond James’ Freeman wrote, among Midland Basin operators’ 2024 well productivity improvements.

“Birch’s productivity increased over 70% on an oil basis year over year,” mostly from focusing 75% of its D&C in the Dean versus 21% in 2023, Freeman wrote.

EOG Dawson county
(Source: J.P. Morgan Securities citing Enverus data)

Dean in Howard County

SM put two Dean wells in western Howard County about 35 miles south of the Dawson play in its six-well Guitar North multi-formation development that also has a well each in Jo Mill, Middle Spraberry, Lower Spraberry and Wolfcamp A.

Guitar North #2883DN IP’ed 1,805 bbl from a 10,156-foot lateral, according to the RRC file.

A second Dean well, Guitar North #2885DN IP’ed 1,451 bbl from a 10,352-foot lateral.

Nearby and also in Howard County, Oxy’s 18-well Santana development near Big Springs and about 40 miles south of the Dean hotspot in Dawson included four landed in Dean that IP’ed between 1,162 and 1,775 bbl/d each.

The other wells were landed in Sprayberry, Wolfcamp A and Wolfcamp B.

Beginning in 2000, Santana #2430D made 325,000 bbl in its first 57 months online after IP’ing 1,162 bbl from a 10,876-foot lateral, according to the RRC files.

Santana #2436D made 320,000 bbl after IP’ing 1,775 bbl from a 12,011-foot lateral.

Another well, Santana #2432D, made 340,000 bbl after IP’ing 1,727 from a 11,137-foot lateral.

More prolific, Santana #2938D made 760,000 bbl in just under five years after IP’ing 1,343 bbl from a 12,500-foot lateral.

Through January, the 18-well package made 4.6 MMbbl and 15.1 Bcf, according to RRC data.

Monthly Production trends chart
(Source: Oil and Gas Investor via Texas RRC data)

Dean in Martin County

Diamondback Energy has been landing Dean wells in Martin County just across the Howard border from the SM and Oxy wells.

Its 12-well Grantham West 50-48 unit, with three in Dean, about 25 miles south of the Dawson hotspot, doesn’t include per-well production data in the RRC files.

But the unit made 1.6 MMbbl and 3.4 Bcf its first 10 months online through January.

Separately, it put two Dean wells in the seven-well Tomcat 23-24 pad in Martin County nearer to the Dawson hotspot.

Tomcat C made 276,000 bbl and 331 MMcf of casinghead gas in its first 10 months through January, while Tomcat D made 226,000 bbl and 271 MMcf.

Freeman found that Diamondback’s 2024 productivity was 9% greater than in 2023.

And the “Dean Formation was a primary driver of the productivity increase,” he added, contributing to Diamondback making the highest-return Midland Basin wells in 2024, along with joining ConocoPhillips.

He also found that Oxy switched to landing more often in Dean rather than Jo Mill in 2024, contributing to 22% better wells than in 2023.

“More Dean—the most productive zone—and less Jo Mill, the least productive zone, was a nice recipe for better overall [Oxy] well performance,” he reported.

New Core Inventory

The Dean results are great news in a well-mowed Midland Basin, according to Freeman’s analysis.

He found 32% of Dean acreage in the northern Midland Basin works at $50 oil and $2.50 gas, which is a price point he deems “core,” while 49% works at $70 and $3.50.

The new Dean wells’ results are picking up where the heavily drilled Wolfcamp A and B inventory is losing after posting 67% of Midland Basin wells in 2019 but 47% in 2024, Freeman reported.

“As core inventory in the Wolfcamp A and B are increasingly played out, we expect operators to seek new core locations in the Wolfcamp C/D, Dean and Jo Mill, which have more fragmented acreage quality and offer less consistent returns.”

Jo Mill sits between the Middle Spraberry and Lower Spraberry, while Wolfcamp C and D underlie Wolfcamp B.

Operators are also working to make core of more Pennsylvanian rock underlying Wolfcamp D and of the yetdeeper Devonian-age Woodford.

Freeman counted 59 Lower Pennsylvanian and Woodford wells that came online in 2024 and 46 in 2023.

The Dean play won’t last forever, though, while the average includes “the monster wells drilled by Birch in Dawson County.

“So, we anticipate productivity in the bench to fall moving forward. That core area of the Dean that Birch has been drilling has nearly been exhausted.”

Herb Vogel, SM Energy president and CEO, told investors earlier this year that SM is seeing variability in the formation. The team is “focusing in ‘OK, where are the best ones going to be and where are the other ones going to be?’ It’s going to be pad-dependent.”

But the Dean has shown that, “because of the productivity, it’s really competitive,” he added.

That is, “as long as you select the right locations for it.”

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