Wednesday, May 30, 2012

Oasis Is Increasing Production in The Bakken -- Filloon

Link here to SeekingAlpha.com.
There are big changes occurring in the Bakken. Many of the producers have a good portion of acreage held by production. This allows for a ramp up of drilling in the best areas. To decrease time drilling and completing wells, pad drilling is be used. Oil companies are also getting comfortable in the play, which is translating to better IP rates. Some of the best IP rates have come from Kodiak. Brigham is using a large number of stages, and allows initial production to run freely. Brigham's results are not as good as Kodiak, but still better than the majority of Bakken operators. Whiting has had some fantastic results in the Pronghorn, but these have been sporadic. I would suspect results will be more consistent going forward.
Oasis: "standard frack recipe" -- 36 stages; 4.5 million lbs proppant.

The first sentence in the article is the most interesting:
Bakken producers continue to improve initial production which will equate to higher EURs.
Yup.

I remember all the discussions about "hyped" IPs and how that story evolved. 

Note: Filloon says that "Brigham's results are not as good as Kodiak, but still better than the majority of Bakken operators."

I believe Filloon bases this statement on the first 90-days initial production average. One can look at the high initial production numbers at this post, scrolling down, and making own conclusions.

Again, the IP is only one data point. 

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