Monday, August 15, 2011

Idle Rambling -- 3Q11 Production -- Bakken, North Dakota, USA

The oil companies know it, and some analysts know it, but I think the numbers are going to surprise a lot of folks when Bakken 3Q11 production is reported. Two things: the horrible weather this past winter and spring hindered well completions; that alone will not be a problem for 3Q11.

But, in addition, many companies are adding dedicated frack crews to their fracking schedule. It only takes a few days to frack a well, and I bet these fracking crews are moving from well to well, like locusts moving through a grain field. Lousy analogy, I know, 'cause everybody loves frack crews.

Daily activity reporting has not shown that yet; fifty percent of wells coming off confidential list are being reported as DRL status (not completed).