What do the following two wells have in common?
16186, 439, Murex, Angie Marie 13-24H, Beaver Lodge, Bakken, cumulative: 211,000 bbls.
16358, 223, Murex, Megan Brooke 15-22H, Beaver Lodge, Bakken, cumulative: 90,000 bbls.
Yup, they were named after two wonderful women, I suppose.
No. No. No. Well, yes, but that's not the point.
Both of these wells were originally spud in 2006. The IP posted is their IP at the time they were originally spud if I understand the file report correctly. But it appears they were both re-frac'd recently and their production has jumped significantly, to double or triple. Of course, it will decline again, but it is interesting to see them go back in and re-frac these old wells, if that's indeed what happened.
Incidentally, both wells are in the Beaver Lodge oil field, the field where oil was first discovered, back in 1951, in North Dakota, the Clarence Iverson #1 well.
Back of the envelope calculations: 200,000 bbls at $50/bbl = $10 million.
90,000 at $50/bbl = $4.5 million. You know, for a very short while between 2006 and 2009, oil spiked to $150. Just saying. Was that back in 2008? Yup, July 11, 2008.
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