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Tuesday, June 12, 2012

Anschutz Wells vs OXY USA Wells -- Latest Example -- The Bakken, The Williston Basin, North Dakota, USA

To make up for my embarrassment for having missed this story yesterday, I will re-post it. An alert reader -- thank you very much -- pointed it out to me -- something I had harped on often but missed it when I could have had a great example. No excuses. I blew it.

Yesterday I missed the opportunity to show what a difference it can make with regard to those who have "cracked" the Bakken and those who haven't.

This was one of the fifteen wells released from "tight hole" status yesterday:
  • 19642, 42, Lime Rock/OXY USA, Darlene Dvorak 1-27-34H-143-95, Murphy Creek, a Bakken well, Dunn County; I don't know how OXY keeps doing it --; t12/11; cum 112K 1/17; no production in May, 2013; cum 152K 1/22; cum 169K 11/24;
Two years ago, before Anschutz sold their acreage to OXY USA, Anschutz reported this well, exactly two miles to the west of #19642 and in the same field. 
  • 18395, 2,207, Lime Rock/OXY USA, Kathleen Stroh, 1-20-17H-143-95, Murphy Creek, t6/10; cum 229K 1/17; cum 370K 1/22; cum 389K 11/24;
I've been thinking of an op-ed piece on this phenomenon; maybe it's time. 

Remember: the IP is only datapoint, and who knows? Maybe the new OXY USA well will end up being a monster well.