Wells Coming Off The Confidential List Thursday; Of 15 Wells Coming Off The List, Nine Are Oasis; OXY With An IP of 23; Oasis With Several Great Wells
Undeserved commentary, I suppose:
Note the OXY USA well that reported today (see below). The IP is just about as low as I've seen for a Bakken well, excluding dry holes. That well was tested in September, 2012. Now, almost 6 full months later, that well has produced less than 8,000 bbls of oil. It is my impression, and I could be wrong, that the average Bakken well tested in the last six months will produce more than 8,000 bbls the first full month of production. That's probably an exaggeration, but probably not far off. This well had two things going against it: a) it's in the Dimond oil field which is anything but a diamond among Bakken fields; and, b) it was drilled by OXY USA who seems to have a knack for reporting these results.
Wells coming off the confidential list, Thursday, April 11, 2013: