Hi geomancer. Welcome aboard!

I’m sorry but I’m not involved until the production stage and then only as a chemist so this is not really my area...but I’ll give it a shot

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When I visit a rig I go mainly to offshore production rigs. I have been on production rigs that were drilling new wells but all those involved drilling with drilling fluids. The only thing coming out of those wells while I was watching was drill mud and cuttings.
I have taken well fluid samples from wells with high gas content and haven’t seen the gas as such because the fluid just comes out in frothy surges, sort of like what we saw in the episode before the blow out ignited but without so much steamy vapour. The gas isn’t dry in the reservoir, it’s mingled with formation water and gas condensate all under pressure. Wells produce a lot more water than they do oil and gas and this fluid needs to go through separators before it will start to become distinct separate phases. I’d imagine when the fire was smothered by the explosion anything under pressure in the formation will continue spewing out. In the episode without any further ignition this would look like the frothy liquid again but since there is part of something on the ground burning still (Not sure what that’s all about??) the hydrocarbon would just re-ignite.
How the well just stopped producing like that is a mystery. The explosion wouldn't have been fed by the gas as part of what it does is push the fuel (and the oxygen) away from the flame with the blast. So the gas pocket wouldn't have been used up in the explosion. It must have, ever so conveniently, all vented out just after the explosion, which means they might as well have left it alone.

The hydrocarbons in the well fluids would have flowed down in to the nearby river… MacGyvers friend Bill didn’t really seem to plan how he was going to contain and control his well. Maybe his plan was to somehow cap it and then bring in the production equipment and the pipes/tanks to collect his oil? Every time I watch I have too many questions about the whole set up running through my head. I think they simplified it all too much for the episode.

That didn't help much did it?

I have more questions than answers!