Tuesday, July 17, 2012

Filloon Continues His Series on Completion Design: This Time -- OXY USA

Mike has noticed the same thing I've blogged about several times, starting quite some time ago. The OXY USA wells have not been all that stellar, though recently there has been a glimmer of hope.

I thought this was interesting, coming from Mike:
These results show why Anschutz needed to get rid of its acreage [for newbies, back in 2010, I think, Anschutz sold its North Dakota acreage to OXY USA].
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2 comments:

  1. AnonymousJuly 17, 2012 at 7:41 PM

    Well, maybe the anshutz acreage is not all that great?
    You can frac rock until you are blue in the face but if there is no oil in place the "frac design" doesn't matter.

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    Replies
    1. Bruce OksolJuly 18, 2012 at 10:37 AM

      Time will tell. For better analysis, the many, many articles on the Bakken archived at the right will provide a lot more detail.

      By the way, the OXY wells are getting much, much better, based on IPs.

      http://www.milliondollarwayblog.com/2010/12/seeking-alpha-on-oxy-in-bakken-north.html

      The fields OXY has are historically much better than some of the fields north of Williston, and yet the operators north of Williston are doing much, much better.

      So, you may be right, but my hunch is you are not.

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