A Reader Identifies Five "Millionaires" In The Bakken -- "Outs Them" -- May 29, 2018

Updates

Later, 7:02 p.m. CDT: wow, isn't this interesting? In the June NDIC hearing dockets, this case --

• 26741, CLR, Cedar Coulee-Bakken; 18 wells on an existing overlapping 2560-acre unit; sections 21/28/33-147-96 and section 4-146-96; Dunn (remember: this is a "case" -- not a permit number)

May 31, 2018: in the original post and the updates, several "families" are mentioned. I track the families here (click on the family names) (I'm sure they all need to be updated):

• Hawkinson Wells
• Morris/Carson Creek Wells (CLR, Oakdale)
• Courage, Honor, Pride, Grace Wells (Enerplus, Spotted Horn) 
• Oakdale Wells (CLR, Jim Creek)

May 31, 2018: the data in the original post was inspired/provided by a reader. That reader provided an update. There is simply too much information in his (and, yes, it is a "he") update to digest quickly, so I will post it now, and then get back to it later). His update:

By the way, I am pretty certain that CLR is stimulating the Corral Creek 147-96-36 wells finally, 6 of the 14 CC, or the older SI/NC wells look like WIP (work in progress?).  

I’m curious to see how good these wells are. 

Both BR and XTO are drilling around the area too. They both have good acreage but CLR might have better. 

There are a few new IA wells the past few months on the existing CC section 36 well interests, that’s what tipped me off. 

CLR is now on DRL status on two of three brand new Morris 4-5 section 23 Oakdale wells that popped up fast. 

There’s also two Colter Bear Creek wells and one new Hawkinson - 16 section 22 Oakdale well in a CLR 6 well batch on a 9 well pad. 

One month all were LOC and then two went to DRL. Nine wells on a section 22 pad. 

Right now my count is 18 wells to complete between section 22, 23 & 36, that land there, also, that I follow. These include: State-Weydahl and Brandvik/CC - Morris, Carson Peak/Oakdale). Oakdale needs more wells.

MRO is working both the Bailey and Killdeer leases lately with some 2- to 6-year-old wells  going to IA. At least MRO refracs whenever wells get sluggish. [Great, great observation by the reader -- I've noted the same thing -- noted that long, long ago -- I assume the reader noted that, also, a long time ago.]

I’m nearly convinced the more 24- to 25,000-foot total depth (TD wells we see, the more production will grow. Two of the Enerplus Hope, Courage, Pride, Grace, monster wells are 24,000- ft plus. The deeper multi-lateral wells are we more productive I noticed.

I attached an NDIC screenshot of the wells on the CLR pad spanning 2 oil fields in 3 separate sections:

 Original Post

Fortunately I have readers that keep me on task. A reader updated me regarding Bakken horizontal wells that have now gone over one million bbls cumulative. The note:

For the longest there, there were only two North Dakota Bakken horizontal wells that had produced over one million barrels of oil. We now have three more, five total:

• 16059, 729, Petro-Hunt, USA 2D-3-1H, t10/06, cum 1.67 million bbls 3/18, a short lateral;
• 20210, 803, CLR, Whitman 2-34H, 34-147-96, Oakdale, 4 sections, t9/11; cum 1.1595 million bbls 3/18;
• 17263, 3,124, Chandler James 25-36H, s7/08, produced 500,234 bbls in 484 days; as of 8/12 -- 899K; no pump; still producing 8,000 to 9,000 bbls/month; as of 3/18 down to 2,000 bbls/month; t10/08; cum 1.12 million bbls 3/18;
• 17092, 3,027, Behr 11-34H, Sanish, API 33-061-00678; there is no frack report for this well at the NDIC site (unless I missed it): FracFocus has no record of this well; s4/08; produced 500,725 bbls in 591 days; inactive Jan/Feb 2015; now back on status 3/15; cum 1.08 million 3/18;
• 17227, 2,191, EOG, Austin 21-28H, Parshall, t8/18; cum 1.06 million bbls; this is a short lateral 

Comments from the reader:

• the Continental well is a monster (look at the test date). Has been gaining on the Petro-Hunt well (and definitely given time in life has produced most). Seems like an anomaly though ... not one of a set of wells. Just tapped into some pool or something
• the three new "millionaires" are all Mountrail County (presumably near the anticline sweet spot)
• interestingly, there are also four wells in the 0.9MM club (not shown). All four are in Mountrail (3 EOG, one Whiting). So that is definitely more of a pattern of a sweet spot versus random luck. The four are in upper half of the 0.9 band (one right at midpoint). So within a year, we should have four more "millionaires."

Additional comments:

• source: shaleprofile.com (latest ND post)
• no huge point. Certainly it is true these wells are non-representative in the extreme. Just the sound bite of "only two wells have done a million" has naturally changed as time went on
• the CLR well was shut in last month or two. Not sure why (nearby completions?) 

My comment: although these wells are non-representative in the extreme, my hunch is we will see many "millionaire" wells in the out years. Good luck to all.