- I can't remember where I blogged it and I can't remember what I said was optimal number of rigs/frack team ratio, but I believe I said it was in the 4/1 neighborhood -- every four active rigs require one dedicated frack team
- KOG: 6 rigs now; ramping to 7 rigs; one dedicated HAL frack team as of 1Q12
- OAS: 9 rigs now; ramping to 12 rigs; three dedicated frack teams and Oasis Well Services should begin operations this quarter (1Q12)
All things being equal, getting your well fracked/completed as soon after the well reaches total depth may be one of the most important things a company can do. (Lousy grammar, I know, but you get the point.)
See also this link re: Oasis Well Services.
Another reason that I am impressed with Triangle Pertroleum is this company's insight as a somewhat newcomer to the Bakken. They purchased their own completion company, Rock Ridge, in order to expedite their drills. This company, in my opinion, will be one to watch in next couple of years both in ND and MT.
ReplyDeleteKodiak took on a dedicated 24-hour frac crew in January and also has some level of access to a 2nd crew starting in mid. Feb.
ReplyDeleteThank you. But several years into the boom, and KOG finally has their dedicated team. The good news -- this should help cash flow.
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