Monday, June 11, 2018

Fourteen Wells Come Off Confidential List Today; Twelve Are DUCs -- Helms Sugggests North Dakota's June Production Will Hit An All-Time Record -- June Data Will Be Reported In August -- June 11, 2018

Even by Bakken standards, this is almost unprecedented. Fourteen (14) wells come off the confidential list over the weekend and twelve are are DUCs. Only two report production. (Note: the fourteenth well is supposed to come off confidential list today; data has not been posted by NDIC; right now it shows no production; if so, it will be a DUC, and I've included it as a DUC.

Monday, June 11, 2018:
34282, SI/NC, Abraxas, Lillibridge 20-17-11H, Pershing, no production data,
33860, SI/NC, BR, Faye 1B UTFH, Elidah, no production data,
33606, SI/NC, Hess, SC-JCB-154-98-1720H-4, Truax, no production data,
33031, SI/NC, BR, State Veeder 2A MBH, Blue Buttes, no production data,

Sunday, June 10, 2018:
33859, SI/NC, BR, Faye 1C MBH, Elidah, no production data,
33032, SI/NC, BR, State Veeder 2B UTFH, Blue Buttes, no production data,
30569, SI/NC, Petro-Hunt, USA 153-95-22C-15-6H, Charlson, no production data,
30158, 1,404, CLR, Syracuse 5-23H, Banks, a huge well for CLR, 140K first four months; t118; cum 140K 4/18;

Saturday, June 9, 2018:
34283, SI/NC, Abraxas, Lillibridge 20-17-12H, Pershing, no production data,
33858, SI/NC, BR, Faye 1D UTFH, Elidah, no production data,
33607, conf, Hess, SC-Gene-154-98-0805H-6, Truax, no production data,
33077, A, Oasis, Patsy 5198 12-17 5T, Siverston, Three Forks, 18 stages; 1.3 million lbs, t -- ; cum 82K 4/18; it appears frack not completed for some reason; only 18 stages reported, and no "test data" when well came off confidential list;
33033, SI/NC, BR, State Veeder 2C MBH,  Blue Buttes, no production data,
24048, SI/NC, Petro-Hunt, State 154-94-31C-32-5H, Charlson, no production data,

Note: in a sundry form received September 18, 2017, Oasis requested a variance for the tubing/packer requirement. I doubt that had anything to with unreported results today, but noted. With regard to #33077, the Oasis Patsy well was drilled in 9 days, to a total depth of 21,550. The well was considered an engineering and a geological success based on the combination of:
  • maximum exposure to the target
  • minimal days from spud to total depth
  • no Pronghorn strike
  • no contact with claystone
  • no sidetracks were necessary

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