Monday, December 12, 2011

Wow, Talk About A Miserable Day of Reports Coming Out of the Bakken

New wells reporting link here.

Of the nine new wells reporting today, only two reported IPs. Wow. Yes, Virginia, there still is a backlog regardless of what the corporate presentations say. You can't blame any of the backlog on fracking on the weather or the government; the weather has been wonderful and the government assures us it has no intention of shutting fracking down. Not directly, anyway.

Five of the nine were placed on DRL status.

Two Whiting wells were suspect: a) inactive and a very poor production summary; and, b) active, but production poor and not placed on DRL status as far as I could see; so either it will go inactive or it will be placed on DRL status, also.

I don't know what to make of the Rudman 11-12TFH (#19591) that Whiting put on inactive status.

The only good well (based on IP) was a Denbury Onshore well:
So, pretty depressing if one is as excited about the Bakken as I am. 

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