OXY USA Manages to Report Another Well With a 2-Digit IP

Updates

January 21, 2018: when OXY departed the Bakken, Lime Rock Resources acquired this well. Note production jump in 4/17 but still not a great well.

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2017	28	1472	1163	5061	460	0	372
BAKKEN	10-2017	31	464	694	3716	152	0	124
BAKKEN	9-2017	30	699	459	4726	461	0	186
BAKKEN	8-2017	31	866	900	4258	519	0	229
BAKKEN	7-2017	31	916	1127	4431	570	0	278
BAKKEN	6-2017	30	1751	1611	4940	803	0	465
BAKKEN	5-2017	31	2108	2090	5436	1004	0	637
BAKKEN	4-2017	30	2048	2168	6571	873	0	517
BAKKEN	3-2017	31	443	505	3803	386	0	125
BAKKEN	2-2017	28	529	257	4110	167	0	135
BAKKEN	1-2017	31	621	764	4609	480	0	118
BAKKEN	12-2016	28	523	487	4296	515	0	143
BAKKEN	11-2016	30	633	461	4604	434	0	164
BAKKEN	10-2016	31	749	921	4902	478	0	194

Original Post 

 

Link here. 

May 8, 2012: OXY USA manages to report another lousy well, based on IP:

• 21089, 75 (no typo), Lime Rock / OXY, Staael 160-90-33-D-1H, Dimond; t11/11; cum 99K 10/16; Lime Rock acquired early 2016; pump failure/replaced with larger pump, October 14, 2015; pump failure/replaced with larger pump, October 25, 2013; pump failure/replaced with smaller pump, August 28, 2012; cum 161K 1/22;
  

For newbies, when you get to the link above, there will be some other links to posts discussing OXY's history of low IPs.

I'm starting to see a bit more discussion on the economics of the Bakken wells in general. Generally, IPs come in at 300 bbls to 3,000 bbls. It is rare to see IPs less than 100; it is even rarer to see a "DRY" Bakken well. But OXY USA keeps drilling these Dimond field wells, and keeps reporting IPs of under 100. I don't get it. I think I blogged about this before and some folks wrote in defending the results. I didn't get it then, and I don't get it now.

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2016	31	749	921	4902	478	0	194
BAKKEN	9-2016	30	657	670	4830	446	0	175
BAKKEN	8-2016	31	679	659	5172	1389	0	1109
BAKKEN	7-2016	31	595	455	4574	501	0	226
BAKKEN	6-2016	30	598	664	4695	504	0	231
BAKKEN	5-2016	31	729	628	5040	1751	0	1483
BAKKEN	4-2016	30	773	881	4823	650	0	355
BAKKEN	3-2016	31	957	989	5551	806	0	488
BAKKEN	2-2016	29	1050	921	5175	1109	0	620
BAKKEN	1-2016	31	1602	1793	6000	1349	0	1047
BAKKEN	12-2015	31	1993	1932	6134	1688	0	1369
BAKKEN	11-2015	30	1805	1842	7363	1530	0	1283
NEW PUMP	10-2015	28	618	609	5662	523	0	307
BAKKEN	9-2015	30	1561	1546	6170	1322	0	1078
BAKKEN	8-2015	31	1748	1588	7813	1482	0	1228
BAKKEN	7-2015	31	2288	2396	5095	1938	0	1681
BAKKEN	6-2015	30	2515	2603	6477	2130	0	1875
BAKKEN	5-2015	31	972	953	5827	824	0	580
BAKKEN	4-2015	30	977	886	5182	828	0	594
BAKKEN	3-2015	31	658	657	4782	576	0	346
BAKKEN	2-2015	28	909	998	4830	754	0	563
BAKKEN	1-2015	31	1679	1634	6893	1445	0	1201