Give Credit Where Credit Is Due -- EOG, Two Great Wells -- Bakken, North Dakota, USA

Over the past year I have given EOG a lot of grief for reporting wells with less-than-impressive IPs (just one data point, yes, I know).

But elsewhere some folks were talking about production in "35/36-151-91."

Those are sections 35 and 36 in T151N-91W, Parshall oil field, Williston Basin, North Dakota.

According to the NDIC GIS server, there are only three wells in these two sections (and all of them are spudded in section 36). I originally thought all of them ran under the river, but I was wrong:

• 18827, 732, EOG, Liberty 10-36H, Parshall, t2/11; cum 182K 6/12;
• 18828, 1,066, EOG, Liberty LR 16-36H, Parshall; this is a shorter short lateral running northwest to southeast; t2/11; cum 201K 6/12;
• 19919, 1,648, EOG, Liberty LR 21-36H, Parshall, t7/11; cum 197K 6/12;

The "LR" designation for #18828 is confusing; one almost wonders if plans for the well were changed after the permit was granted.  I thought "LR" stood for long lateral under the river, but this is a shorter-than-usual short lateral running away from the river. (Of course, with changing channel, or with flooding, the horizontal may actually be under water at times.)

Production runs for 18827:

Date	Oil Runs	MCF Sold
4-2011	15937	0
3-2011	15700	0
2-2011	17654

Production runs for 18828:

Date	Oil Runs	MCF Sold
4-2011	16338	0
3-2011	17977	0
2-2011	15750	0

These two wells, to date, after just three months, have produced 99,356 bbls of oil, and at $50/bbl --> $5 million. At $75/bbl --> $7.5 million.

No precipitous drop in production after the first month which is common for Bakken wells, but I assume we will see the typical Bakken decline over the next six months or so. But still, two very nice wells, and a third being drilled.

Note the nomenclature of the wells.