- decreased stages (23); small amount water; very small amount friction reducer;
Nine Point Energy:
I was unimpressed with the initial production for the Whiting well that came off the confidential list today, especially for Big Bend oil field, but then I saw the number of stages -- only 35 stages and a moderate frack, 7.4 million lbs.
The question becomes:The well:
- when oil is trending toward $0/bbl (no typo), is it more economical to max out the frack to get highest IP possible and then choke back for a year; or is it more economical to minimize initial production using a smaller frack and then coming back (years later?) when prices are better?
Completion strategies beginning in 2018 are tracked here.
- Other questions:
- does choking back cause more problems for the "durability" of a well?
- what affect on the well is caused by choking back for a year or longer?
- fracking is now said to account for upwards of 2/3rds of total cost of a new well; if much of that is due to cost of sand (transportation, etc), does it make sense to use smaller frack, better technology?
- 36323, 563, Whiting, Oppeboen 14-5HU, Big Bend, t10/19; cum 62K 1/20; 1K month; 35 stages; 7.4 million lbs; fracked 8/1/19 - 8/7/19; 6.5 million gallons; 87.7% water by mass (on the low side, by percentage);
- wow, look how fast they drilled this well
- spud: June 3, 2019
- cease drilling: June 11, 2019
- logging services began at 1930 hours, June 5, 2019
- the curve was landed at 0850, June 8, 2019
- lateral began at 0550, June 9, 2019
- drill rates averaged 400 ft/hour