Monday, January 14, 2019

Bruin Reports A Huge Bakken Well -- January 14, 2019

See first comment with regard to the size of these wells.

Bruin reports a huge well (again):
  • 31775, 3,193, Bruin, Fort Berthold 151-94-26B-35-15H, Three Forks, API: 33-053-07184, 12 million gallons of water; 87% water by mass, 55 stages; 14.6 million lbs, t8/18; cum 156K 11/18; Antelope-Sanish. For background, see this post.
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH11-201830444054442266530670024319323464
SANISH10-201831402934010578884621164072121200
SANISH9-20182234522403612296816031352
SANISH8-201830628546337083442500953958710338
SANISH7-20186572152052030433406092715

Right now, these are the three exciting operators in the Bakken:
  • MRO re-fracks, particularly in Bailey oil field
  • Bruin's huge six-month IPs, the Fort Berthold wells in Antelope-Sanish
  • NOG as a proxy for the Bakken
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

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The Literary Page

Wow, what a treasure! It's not (yet) behind a paywall. An essay on The Great Gatsby by Christopher Hitchens in the May, 2000, issue of Vanity Fair. Link here. The final paragraph:
Fitzgerald’s work captures the evaporating memory of the American Eden while connecting it to the advent of the New World of smartness and thuggery and corruption. It was his rite of passage; it is our bridge to the time before “dreams” were slogans. He wanted to call it Among the Ashheaps and Millionaires—thank heaven that his editor, Maxwell Perkins, talked him out of it. It was nearly entitled just plain Gatsby. It remains “the great” because it confronts the defeat of youth and beauty and idealism, and finds the defeat unbearable, and then turns to face the defeat unflinchingly. With The Great Gatsby, American letters grew up.
It's too bad Christopher Hitchens is no longer with us. It's worse that journalists can't connect these great works of literature with current events.

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Pancake Heaven -- Taos, New Mexico

2 comments:

  1. I'm hoping the Bruin wells in the township north of this big guy are nearly as good. It's been a few years since I've attended a frack conference, what seems to be the secret sauce? It seems "bigger" is the simple answer. I get the sense sand is favored to ceramics, but I haven't been paying attention to that aspect.

    Enjoyed that Gatsby piece. Reading it I realized that like Gatsby, I grew up in North Dakota and now live on Long Island. Although I haven't thrown a party like Gatsby. For that, the closest thing you'll get in the 21st century is a 4th of July party at The Great Reger. Few men create a personal logo, let alone light a six foot version of it up with fireworks in the middle of a lake while the Superman theme plays.


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    1. 1. Thank you for the kind comments regarding "The Great Gatsby." I'm in my "Great Gatsby" phase right now -- every so many years I return to it.

      2. Yes, with regard to fracking, more proppant results in better IPs, all things being equal. I'm pretty convinced that had they thrown this much sand into their completions back in 2008 we would not have seen these monster wells. The wells might have been better, but they would not have been as good as they are now. The geologists have much, much better data in the offset (earlier) wells; the roughnecks do a much better job keeping the wellbore in the seam; "slick water" has been a huge difference; number of stages as important as the amount of proppant; proper placement of the stages even more important; well-designed "Christmas trees" to prevent blowouts; relaxation of flaring restrictions; and so on.

      North Dakota can still probably claim bragging rights to the largest micro-seismic array; and, the "heat maps" which were posted the other day are probably the best in the world for any given play.

      Having said all that, some oil fields will be much better than others; and it appears that some oil fields respond better to re-fracking than other fields.

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