Sunday, May 12, 2019

Random Look At The "Parent-Well-Uplift" Phenomenon -- May 12, 2019

209 million views.

Video Games,Lana Del Rey

Everything I do, I do for you.

LOL.

What a great lead in.

The well:
Let's look at recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20192513063130379185418621926222555
BAKKEN2-2019289616353471460668766
BAKKEN1-201991601031362622480
BAKKEN12-20182929262926391863385780
BAKKEN11-20183030863133375901570161939
BAKKEN10-2018313189314630894598486911

It took me a few minutes to figure this one out.

This well was not re-fracked.

The file report was not helpful.  A mini-unreported-re-frack? A work-over, which is not reported?

At first I couldn't find a neighboring  well recently fracked and then, of all things, ad, then expanding the search, finding a BR well -- farther to the west explains it.

The BR well to the west:
  • 34253, 207, BR, Raider 4A MBH, 37 stages; 8.7 million lbs; Twin Valley, t2/19; cum 29K 31 days;
Initial production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-201930277882781116006667485557810580
BAKKEN2-2019197495155267216840
BAKKEN1-20191000000

Look at all the story lines:
  • the neighboring well is 0.14 miles away; 739 feet away; generally, one thinks that 500 feet is the minimum distance required for the "halo" effect
  • the parent well was a CLR well; the daughter well was a BR well; in other words, CLR got a brand new well and it was due to a BR frack; what could be better?
  • look at the BR IP: 207; that's typical of a BR well; 
  • look at BR's completion strategy: not a particularly large amount of sand (8.7 million lbs) but only 37 stages; these guys are getting good; a huge shoutout to Halliburton or whoever did the frack; good for them; memo to self: note to Nick Cunningham
The Bakken never fails to surprise; never fails to excite. So what if the jump in production is short-lived; a lot of mom-and-pop mineral owners are going to see an unexpected jump in their royalty check this month.

Since the parent well was a CLR well, and the daughter well was a BR well, could this be an example of "Step-Parent-Well-Uplift"?

Every well has a story. This one has many. Be sure to click on the link above (all's well that ends well).

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