A Bad Mood Rising...

... sometimes I am in a bad mood when I start blogging. If so, it usually has to do with some incredibly dumb news story but as soon as I start blogging about the Bakken, my mood changes, especially when I see something like this:

22158, 996, CLR, Kuhn 2-12H, t5/12; cum 204K 5/13; still producing at 10,000 bbls/month; 29 days to total depth; gas as high as 6,000 units; the seam was 12 feet thick; 60 - 90 foot flares; 40 stages; 3.8 million lbs sand frack; ceramics were not mentioned.

CLR just received several permits for more wells next to this one.

This well is a non-descript well on the prairie -- no one would think twice driving by it -- and it's IP was not all that impressive (compared to Statoil IPs) ... and yet ... 200,000 bbls of oil in one year, and it is still producing 9,000 bbls of oil/month. (Except that while drilling it had flares as high as 90 feet which would have been pretty impressive --)

It is not on a pump.

Remember when we used to look for 100,000 bbls in one year? Now, the "new norm" is 200,000 bbls in one year.

And this well would have been less expensive than several years ago:

• pad drilling
• 29 days to total depth vs 60 days in the early days of the boom
• infrastructure in place
• drilling and completion costs have come down in the oil patch; more supply; less demand

40 stages is not unusual any more; technically they've proved they can do 60 stages. The sundry suggests it was all sand. Regardless, it was less than 4 million lbs of proppant.

And there is a reason I posted the entire stub below. See if you can guess why I posted it.

NDIC File No: 22158     API No: 33-053-03921-00-00     CTB No: 122158
Well Type: OG     Well Status: A     Status Date: 4/24/2012     Wellbore type: Horizontal
Location: SESE 12-152-100     Footages: 570 FSL 430 FEL     Latitude: 47.994516     Longitude: -103.413536
Current Operator: CONTINENTAL RESOURCES, INC.
Current Well Name: KUHN 2-12H
Elevation(s): 2055 KB   2034 GR   2047 GL     Total Depth: 21450     Field: CAMP
Spud Date(s):  2/20/2012
Casing String(s): 9.625" 1970'   7" 11210'  
Completion Data
   Pool: BAKKEN     Perfs: 11210-21450     Comp: 4/24/2012     Status: F     Date: 5/6/2012     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 203731     Cum MCF Gas: 280227     Cum Water: 58277
Production Test Data
   IP Test Date: 5/6/2012     Pool: BAKKEN     IP Oil: 996     IP MCF: 1256     IP Water: 333

Monthly Production Data

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2013	31	9253	8861	2811	17863	17831	32
BAKKEN	4-2013	30	11025	11145	3288	24648	23435	1213
BAKKEN	3-2013	30	11083	11026	3262	13181	12893	288
BAKKEN	2-2013	27	11411	11653	3154	17231	17017	214
BAKKEN	1-2013	30	13681	13344	3327	17377	16823	554
BAKKEN	12-2012	31	15469	15383	3454	21015	21015	0
BAKKEN	11-2012	29	16185	16370	3969	16010	16010	0
BAKKEN	10-2012	31	19173	19273	4345	25935	25935	0
BAKKEN	9-2012	30	18527	18235	4400	24710	24710	0
BAKKEN	8-2012	30	12089	12165	3775	15757	15757	0
BAKKEN	7-2012	31	16856	16821	4355	21363	21363	0
BAKKEN	6-2012	30	20517	20522	5586	24862	24862	0
BAKKEN	5-2012	30	26063	26245	8788	36974	22119	14855
BAKKEN	4-2012	8	2399	1827	3763	3301	0	3301

A Bad Moon Rising, CCR