Sunday, August 20, 2017

For Newbies -- August 20, 2017 -- One Of The Peculiarities Of The Bakken

There are now enough wells drilled throughout the Bakken that one can do this:
  • find a recently fracked Bakken well that has a huge initial production
  • go to the NDIC map and find a horizontal well parallel to the recently fracked Bakken well
  • check FracFocus to see if the older Bakken well was re-fracked
So, let's do that.

These two wells were recently fracked by Oasis and will come off the confidential list this week:

32241, see below, Oasis, Forland 5198 41-33 3B, Siverston:

DateOil RunsMCF Sold
6-20172858449766
5-20173387787928
4-20174418083282
3-20174202385555
2-2017730611303

32242, see below, Oasis, Forland 5198 41-33 4T, Siverston:

DateOil RunsMCF Sold
6-20172674943014
5-20173583987549
4-201742072123402
3-20173056466825
2-201721185692

Let's check a nearby Bakken well that was fracked some time ago. In this case,
  • 21657, 1,844, Oasis, Forland 28-33H, Siverston, t3/12; cum 461K 9/19;
There is no report at FracFocus to suggest this well was ever fracked after the original frack in 2012. So what was the production profile for this well over the past 12 months?

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN6-20173020037198932128547223469230
BAKKEN5-20173122370226253107246142458320
BAKKEN4-20173016423153553657422371220710
BAKKEN3-20170000000
BAKKEN2-20170000000
BAKKEN1-20170000000
BAKKEN12-201610001000
BAKKEN11-20165954141402942740
BAKKEN10-2016292359229793955425329213
BAKKEN9-201627190920231155480245320
BAKKEN8-201631228421981060775874480
BAKKEN7-20163123012439885648861780
BAKKEN6-201630237124691035636960690

In this case, this well was producing about 2,000 bbls / month; it was taken off-line for five to six months, and then brought back on line, and produced about 22,000 bbls in one month -- equal to what this well would have produced in one year. 

The graphic:



Just one of the peculiarities of the Bakken, I guess. Take a Bakken well off-line for a couple of months, in this case five or six months, and watch production jump 10-fold. Rinse. Repeat.

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