Comparing 60-Day Averages with IPs -- Small (Very Small -- in fact, teensie, weensie) Case Study

I recently generated some discussion regarding the IPs reported by Hess. It was pointed out that a Hess IP of 342 was based on methodology related closely to the average of the first 60 days of production.

In comparison (albeit a different field, the Sanish vs the Alger), these are some recent Whiting wells based on Whiting's corporate presentation. The first number is the IP as reported by Whiting, followed by the 60-day average production:

• Lahti 24-22H:  2,058; 953
• Hansen 12-20H: 4,144; 982
• Iverson 21-14H: 2,551; 1,056
• Olson 11-14 TFH: 1,640; 601
• Littlefield 12.34H: 1,942, 1,139
• Lacey 12-1H: 3,445; 1,007
• Fladeland 21-12H: 2,690; 1,109
• Fladeland 44-9H: 2,301; 684
• Jorgenson 12-27H: 2,893; 1,276

It appears that the Sanish and the Parshall oil fields in the Bakken are among the "sweet spots" in the Bakken, but having said that .... well, I'll leave it at that.