Link here.
I'll archive this article. Archived here.
The writer provides a great argument why Saudi Arabia will lose the next price war (I would argue, it already lost the first two price wars).
But this one well is another reason why Saudi Arabia will lose the next price war.
The well:
- 36660, drl/drl, MRO, Shortall USA 14-9H, Reunion Bay, t--; cum 170K in 2.5 months: fracked 1/21/2020 - 1/31/2020; 7.062 million gallons of water (a moderate-size frack); 88.63% water by mass; friction reducer broken out by mass % but I don't understand the breakout; 2560-acre spacing; middle Bakken;
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 4-2020 | 30 | 63143 | 63436 | 28331 | 79258 | 17534 | 58061 |
BAKKEN | 3-2020 | 30 | 61507 | 61382 | 41139 | 76504 | 13366 | 59572 |
BAKKEN | 2-2020 | 14 | 44942 | 44330 | 27594 | 52692 | 3211 | 46936 |
The average well quality has been flat since 2017. Don't look at individual wells and mislead yourself with your own posts. Look at the statistics.
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