Tuesday, February 16, 2016

I Knew The Wells Were Good, But Not This Good -- February 16, 2016


February 17, 2016: the NDIC has updated this. The correct IP, as surmised, was/is 1,516
Original Post
I can't make this stuff up. A screenshot from the NDIC:

For newbies, an IP of 300 to 1,500 is what I expect to see in the Bakken. A very, very good good well in the Bakken will produce 15,000 bbls in a month.

An IP of 15,161 bbls in one 24-hour period is ... well, pretty interesting.

Yes, I know -- it's a typo. Most likely, "1,516 bopd." But, if indeed, it's 15,161, it will be a new record.

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