Friday, March 6, 2020

Only In The Bakken: A Bakken DUC Out-Produces The Average Permian Well -- March 6, 2020

Comparing the Bakken with the Permian? Here are the dashboards --
EIA dashboards:
A closer look at the two wells that came off the confidential list today:
  • 35100, SI/NC, Oasis, 33-053-086100, Kellogg Federal 5297 12-30 8T, Banks, a DUC, but with huge production; 8.8 million gallons of water; 93.7% water by mass;
  • 23958, 2,719, EOG, 33-061-02281, Liberty LR 107-1109H, Parshall, t9/19; cum 178K 1/10; 53 stages, 22.8 million lbs; 12.5 million gallons of water, 82% water by mass;
First, #23958, EOG, middle Bakken, 53 stages; 22.8 million lbs (no typo):
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20203121837217703670117556171914
BAKKEN12-201931271282719145940152971497013
BAKKEN11-20193035307353465904019680174121918
BAKKEN10-20193138687391807223926707246251716
BAKKEN9-20192555045541599509838709378650

Now, #35100, Oasis, yes, it's still classified as a DUC. This is pretty good for a DUC:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20203113750137532543836120348621041
BAKKEN12-20193118076180733197644105419441943
BAKKEN11-2019301819618197349934317342075888
BAKKEN10-20193123457235893755651515465644734
BAKKEN9-2019103059291881095921583220
BAKKEN8-20190000000

Observations:
  • mega-frack by EOG -- 22.8 million lbs of proppant; EOG has always pushed the envelope on sand; they had their own sources; first to build a terminal unloading facility in the Bakken, etc.
  • and look at this: total gallons of water not all that high in that EOG mega-frack: only 12.5 million gallons; well, if they didn't use so much water mr-know-it-all, why did the proppant "weigh" so much -- look at the percent water to total amount of proppant -- 82%. Generally, operators use around 93% water by mass; sometimes as low as 87% but "never" as low as 82%; EOG used a lot of sand, but not that much more water than usual for the Bakken; sand weights 1.6x that of water;
  • for a DUC, #35100 is producing nicely (yes, I know, technically it's no longer a DUC, it's been completed, but according to the NDIC scout ticket, still a DUC - SI/NC)
  • #23958, back to that EOG mega-frack; it produced 55K bbls of crude oil in 25 days; extrapolates to 66K bbls in a 30-day month;
  • neighboring wells to that EOG mega-frack; both neighbors not that close to the new well, but:
    • one: a subtle jump in production; not much production increase, but nice to see a bit of a jump;
    • the second: a larger jump in production; not huge, but more noticeable;
  • the EOG mega-frack well on a pad with four locations to drill:
    • one of the others is still LOC only; #33434;
    • the other two are big producers but still on conf status (#33433, #33432)
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FracFocus



Links:
nice review, 2019;
2018;
2019;
minimal info, 2019;

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Commentary

Shortly after posting the original note (and before I added the FracFocus data and the links, I received this note from a reader (and that's why I added the FracFocus data and the links). I purposely delayed posting the reader's note to give me a chance to do some background. Here's the reader's comments:
Bit of a coincidence that, just today, I was reading a bit about a company touting its brand of High Viscosity Friction Reducer (HVFR) that could be variably tweaked to carry a LOT of proppant, if the operator so chose. 
Regarding this EOG well ... 12.5 million gallons water used for frac'ing is ~298 thousand barrels.
Yet, in just a few months, ~309 thousand barrels have been recovered.
I am wondering if EOG has uncovered a method to maintain VERY high pressure underground, deliver a VERY high payload of proppant, and not use an inordinately high amount of water to do this.
Several potential ramifications immediately come to mind ... one being a diminished halo effect (water not travelling/impacting adjacent wells).
Another consequence could be reduced incidence of frac hits (again, lowered water amount and MUCH tighter control of the frac geometry).
As you might say "don't want to get ahead of my headlights", but if my speculations are correct, this could usher in another iteration of well completion technology. Keeping an eye on this well's future production could be very informative.

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