Sunday, May 25, 2014

Update On A KOG Well Not Fracked For Two Years

Back on June 20, 2013, I posted something I said "was not ready for prime time." Now, we know the rest of the story.

Go back to this link to re-familiarize yourself with this well:
  • 18987, 223, KOG, Two Shields Butte 14-21-16-2HS, t4/11; cum 282K 4/13; 
There are four wells on the pad that this well is on. I will only look at this well, assuming a similar story for the others.

What surprised me was this well (and a neighboring KOG well) had some of the worst IPs I had ever seen, and was curious.

Here's the entire production history:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-2014281030410244353469036337483
BAKKEN2-2014281031010355362270386588366
BAKKEN1-20143111942119374203789767351069
BAKKEN12-20133112437127024262785759961768
BAKKEN11-20133011978117744001719740813026
BAKKEN10-20133113253132074557892526816151
BAKKEN9-201330144531446352931101357110352
BAKKEN8-2013311649016410574112938188210963
BAKKEN7-201331183201841658911322739889146
BAKKEN6-201328187991878963371391653968440
BAKKEN5-201331240822414083361406695624411
BAKKEN4-20133029922298701175619524687712557
BAKKEN3-20133039986396363353022340022251
BAKKEN2-20130000000
BAKKEN1-20130000000
BAKKEN12-201211750000
BAKKEN11-2012201478173130111801058
BAKKEN10-2012312354208120176001668
BAKKEN9-2012302050235928159601507
BAKKEN8-2012232184195327148201415
BAKKEN7-2012252176213419160101536
BAKKEN6-2012302516257644193901852
BAKKEN5-2012313038297859225702166
BAKKEN4-2012172043201728133301282
BAKKEN3-201225465615282630257
BAKKEN2-201229276527781606190301819
BAKKEN1-201231304230211913210602016
BAKKEN12-201131322232322933225902166
BAKKEN11-20112933283594774288502160
BAKKEN10-20111818091824197410870637
BAKKEN9-201121175117661818890364
BAKKEN8-2011312774290274116090834
BAKKEN7-201129255228361215810856
BAKKEN6-20113036503285410221901469
BAKKEN5-2011264007400611424701081712
BAKKEN4-201110171315351538630613
BAKKEN3-201110048000
BAKKEN2-2011132300000
BAKKEN1-20110000000
BAKKEN12-2010000089030845

1. Note the poor production history for the first two years. It turns out the well was drilled in late 2010, but was not fracked until some time later.

2. The production one sees between 12/10 and 12/12 was from an unfracked well.

3. At the time of the original post, the spacing was still "ICO" -- to be determined.

4. We now know the spacing is 640 acres. Interestingly, however, it is a long lateral but the spacing is the east half of section 16 (320 acres) and the east half of section 21 (320 acres) of 149-92.

5. The well was taken off-line November, 2012, and not brought back on-line until March, 2013. It was during this period that the well was fracked. This well has produced almost 235,000 bbls of oil since it was fracked, and the spacing was only 640 acres.

6. Although not a great well before it was fracked, nonetheless, it produced as much as some fracked wells in other parts of the Basin.

7. The IP of the unfracked well was 223 as noted above. What the scout ticket does not tell us is that the IP of the well when it was finally fracked was 2,061, 27 stages, 4 million lbs of sand.

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