Fracking Backlog Shows No Relief / No Catch Up; OXY USA Reports Another Dud (Based on IP) -- The Bakken, North Dakota, USA

Of the six wells reporting so far today (over the long weekend), only two reported IPs. Of the six, four were not completed/fracked.

Another example of how just bad the fracking backlog is -- four of six not fracked/completed at the end of the six-month confidential period.

On another note, I recently posted that, based on IPs, OXY USA's wells in their Dimond field have been anything but diamonds. Either OXY USA is looking at the long term, and working hard to report low IPs (as someone has suggested), or the Dimond field is a dud. This area of the Bakken in the Williston Basin has never impressed me.

This is the OXY well that reported today:

• 20364, 20 (no typo), OXY USA, Jacobson 160-90-6-P-1H, Dimond, Bakken, 21 stages, 1.11 million lbs; s7/11; 11/11;