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Sunday, July 14, 2013

Mike Filloon's Look At EOG's Parshall Wells

Updates

Starting August 10, 2014, I did not post any EOG Wayzetta or EOG Austin wells on this page because they are posted elsewhere.

File number, total production as of date stated. The well's legal name, IP, and test date are also included for wells with more than 500,000 bbls total production as of date specified:

2013
25374, 1,414, EOG, Austin 39-3204H, Parshall, t9/13; cum 1.083741 million bbls 1/20;  still not on a pump;

Due to the huge number of EOG permits at this point, I won't complete this for now; perhaps later; will target "families" of wells, and those wells that provide new information about the Bakken and how it is being developed. By 2013, EOG was turning to longer laterals and more intensive fracking.

EOG's permits in 2009 (all wells are one-section wells, short laterals):
18365, 364K 1/20; inactive since 3/15 (work-over rig on site); back on status 6/15; off line again 4/18; back on line 9/18/
18569, 167K 1/20; 
18565, PNC, Clear Water,
18563, PNC, Clear Water,
18562, 135K 10/18; Alger; IA since 10/18;
18555, 226K 5/19; Clear Water,
18539, 196K 5/19; Clear Water,
18538, 252K 1/20; Painted Woods, IA as of 5/19; back on line;
18535, 159K 5/19; Clear Water,
18532, 117K 5/19; Clear Water,
18529, PNC, Clear Water,
18519, 148K 5/19; Clear Water 
18516, PNC, Clear Water,
18512, PNC, Clear Water,
18509, 149K 5/19;
18505, 189K 5/19;
18504, 2,195, EOG, Van Hook 7-23H, Van Hook, t5/10; cum 604K 1/20;
18493, 254K 5/19;
18490, PNC, Clear Water,
18484, 134K 5/19;
18482, PNC, Clear Water,
18479, 170K 5/19;
18478, PNC, Clear Water,
18474, PNC, Clear Water,
18473, 2269K 5/19;
18468, 136K 5/19;
18465, PNC, Clear Water,
18464, 207K 5/19;
18461, 109K 5/19;
18459, PNC, Parshall,
18454, 128K 5/19;
18449, 107K 5/19;
18444, 128K 5/19;
18438, 113K 5/19;
18432, 310K 5/19;
18422, 109K 5/19;
18412, PA/3K 11/13;
18411, 212K 5/19;
18403, 250K 5/19;
18398, TA/45K 11/13;
18391, 131K 5/19;
18376, TA/70K 11/13;
18366, IA/276K 5/19;
18338, TA, Fertile 28-26H, Parshall,
18337, 135K 5/19;
18329, 86K 11/13;
18319, Van Hook 11-02H, t4/10; cum 619K 1/20;
18315, 70K 11/13;
18310, 92K 11/13;
18305, 83K 11/13;
18301, TA/130K 11/18;
18292, 85K 11/13;
18289, 70K 11/13;
18273, 97K 11/13;
18257, 101K 11/13;
18251, PA/1,389; 403K 1/14; June 1, 2016: request for well to be put on inactive status; well needs to be repaired, but at current commodity prices, wants to wait;
18231, 71K 11/13;
18214, 167K 11/13;
18208, PNC, Parshall,
18203, 177K 11/13;
18181, 88K 11/13;
18178, PNC, Parshall;
18172, 112K 11/13;
18171, 572, EOG, Lucille 22-06H, Parshall, t9/09; cum 776K 1/20;
18164, 187K 11/13;
18163, TA; cum 112K 11/16; off-line as of 2/16; struggling 10/18;
18157, cum 230K 11/16;
18150, cum 135K 11/16;
18148, cum 137K 11/16;
18147, 128K 11/13;
18139, 130K 11/13;
18121, 70K 11/13; cum 94K 4/18;
18118, 68K 11/13;
18117, 161K 11/13;
18110, 190K 11/13;
18108, 191K 11/13;
18101, 151K 11/13;
18097, 120K 11/13;
18073, 124K 11/13;
18066, 90K 11/13;
18065, 84K 11/13;
18062, 98K 11/13;
18061, 128K 11/13;
18057, cum 346K 5/19; off line as of 4/18; back on line as of 9/18;
18041, PNC, wildcat,
18038, 329K 10/18;
18024, 93K 11/13;
18023, 78K 11/13;
18010, 341K 11/16;
17997, 172K 11/13;
17996, 19K 11/13;
17995, PNC, wildcat,
17988, PNC, wildcat,
17977, PNC, Thompson Lake,
17972, cum 416K 1/20;
17951, cum 77K 1/20;
17950, 106K 11/13;
17949, 50K 11/13;

EOG's permits in 2008 (all wells are one-section wells, short laterals):
17938, PNC, Van Hook,
17937, Cottonwood, 123K 11/13;
17936, PNC, Stanley oil field,
17934, cum 356K 5/19;
17933, 240K 11/13;
17932, PNC, Parshall,
17913, 45K 11/3;
17911, 91K 11/13;
17910, 153K 11/13;
17888, 157K 11/13;
17870, cum 276K 7/15;
17862, 53K 11/13;
17851, 184K 11/13;
17850, 116K 11/13;
17834, 839, EOG, Wayzetta 16-09H, Parshall, t7/09; cum 519K 1/20;
17828, 127K 11/13;
17798, 67K 11/13;
17795, 109K 11/13;
17780, 26K 11/13; Clear Water
17775, 164K 11/13;
17754, 208K 5/19;
17732, 895, EOG, Wayzetta 17029H, Parshall, t6/09; cum 485K 1/20;
17728, 75K 11/13;
17727, 140K 11/13;
17689, cum 389K 5/19; Stanley oil field,
17676, 128K 11/13;
17627, cum 372K 5/19;
17621, 180K 11/13;
17620, 221K 11/13;
17619, 1,571, EOG, Van Hook 6-14H, Van Hook, t12/08; cum 664K 5/19;
17614, 1,595, EOG, Austin 20-29H, Parshall, t9/09; cum 837K 1/20; was off line for a couple of months; back on line10/18;
17613, 690, EOG, Van Hook 2-24H, Van Hook, t7/09; cum 570K 5/19; went inactive 7/15; back on-line 8/15;
17580, 242K 11/13;
17543, 86K 11/13;
17542, 99K 11/13;
17539, 1,200, EOG, Austin 14-18H, Parshall, t11/08; cum 626K 5/19;
17531, 143K 11/13;
17526, 146K 11/13;
17523, 174K 5/19;
17522, cum 381K 5/19;
17500, 2,162, EOG, Austin 19-30H, Parshall, t11/08; cum 923K 1/20; (one section) -- off line as of 8/18;
17490, 116K 11/13;
17487, 136K 11/13;
17486, 166K 11/13;
17485, cum 293K 5/19;
17478, cum 483K 5/19;
17475, cum 510K 5/19;
17470, 1,334, EOG, Austin 17-20H, Parshall , t6/09; cum 764K 5/19; was off line for a couple of months; back on line as of 10/18;
17469, cum 305K 5/19;
17463, TA/cum 361K 10/15;
17416, 1,124, EOG, Austin 16-19H, Parshall, t7/09; cum 884K 5/19;(one section)
17414, cum 358K 11/15;
17410, 148K 11/13;
17409, 221K 11/13;
17386, 2,205, EOG, Austin 15-17H, Parshall, t11/08; cum 749K 1/20; was off line for three months; back on line 10/18; small jump in production;
17366, cum 523K 5/19;
17346, 1,853, EOG, Austin 13-08H, Parshall, t10/08; cum 676K 5/19;
17301, 166K 11/13;
17296, cum 312K 11/15;
17295, cum 270K 11/15;
17294, 405K 5/19;
17290, 266K 9/15;
17287,  1,137, EOG, Austin 22-31H, Parshall, t10/08; cum 913K 1/20; off-line as of 8/15; back on-line as of 11/15; now below 1,000 bbls/month (9/18; needs to be re-fracked;
17281, cum 469K 9/18;
17280, n/d, EOG, Van Hook 5-11H, Parshall, n/d; cum 639K 10/18;
17277, 236K 11/13;
17227, 2,191, EOG, Austin 21-28H, Parshall, t8/08; cum 1.074894 million bbls 5/19; (one section); in-depth here;
17222, 1,769, EOG, Austin 18-21H, Parshall, t9/08; cum 993K 1/20; INACTIVE as of 2/16; back on status as of 6/16;
17215, 2,227, EOG, Austin 27-10H, Parshall, t12/08; cum 674K 5/19;
17205, 86K 11/13;
17189, cum 337K 11/15;
17184, 113K 11/13;
17177, cum 468K 10/18;
17170, cum 494K 10/18;
17155, 281K 11/13;
17152, 937, EOG, Wayzetta 15-05H, Parshall, t7/09; cum 671K 9/18;
17151, 142K 11/13;
17142, 1,055, EOG, Wayzetta 12-20H, Parshall, t9/08; cum 602K 10/18;
17129, cum 493K 11/15;
17127, 1,714, EOG, Wayzetta 11-08H, Parshall, t11/08; cum 660K 6/15;
17122, 581, EOG, Austin 23-32H, Parshall, t8/09; cum 605K 6/15;
17121, cum 441K 11/15;
17120, 2,051, EOG, Austin 10-34H, one section, open hole, 2 million lbs, t8/08; cum 1.002679 million bbls; 7/18; INACTIVE as of 3/16; back on status as of 7/16; look at production profile;
17111, 1,341, EOG, Austin 24-33H, one section, open hole 1.6 million lbs, t6/09; cum 867K 11/18; INACTIVE as of 5/16; active as of 7/16;
17083, cum 447K 7/18;
17078, 1,212, EOG, Austin 25-35H, one section, open hole 1.9 million lbs, t10/08; cum 495K 7/18;
17075, 2,310, EOG, Austin 9-11H, Parshall, t6/08; cum 773K 1/20;
17068, cum 374K 7/18;
17058, IA --> SWD;
17051, cum 399K 7/18;
17044, cum 570K 1/20;
17042, cum 541K 7/18;
17041, cum 383K 7/18;
17037, 1,167, EOG, Parshall 7-23H, t5/08; cum 313K 7/18;
17034, 1,012, EOG, Parshall 8-24H, t11/08; cum 201K 7/18;
17030, 1,967, EOG, Skaar 7-10H, Parshall, t6/08; cum 846K 1/20;
17028, 2,207, EOG, Wayzetta 14-02H, Parshall, t10/08; cum 648K 7/18;
17027, PNC, wildcat
17026, cum 68K 7/18;
17019, cum 531K 7/18;
17011, 1,663, EOG, Parshall 4-20H, t7/08; cum 436K 11/18; IA as of 5/14; shut in while EOG executes a downspacing and infill drilling program; dated August, 2014; active as of 3/16;
17005, 1,121, EOG, Parshall 5-21H, t7/08; cum 379K 7/18;
16954, IA/3,633, EOG, Austin 6-15H, Parshall, t4/08; cum 838K 5/19; (one section); went inactive 5/19; 
16885, 3,070, EOG, Austin 8-26H, Parshall, t2/08; cum 800K 1/20; (one section) 

Original Post

Mike Filloon in SeekingAlpha, July 14, 2013:

EOG completed 22 wells in 2006 and 2007; file number, cumulative oil in bbls as of October, 2013:
  • 16370, 1,553, EOG, Warberg 1-25H, t1/07; cum 449K 7/18;
  • 16371, 918, EOG, Ehlert 1-35H, t4/07; cum 535K 7/18;
  • 16469, 1,267, EOG, Herbert 1-26H, t12/07; cum 575K 7/18;
  • 16483, 870, EOG, Zacher 1-24H, t6/07; cum 612K 7/18;
  • 16550, 1,329, EOG, Ralph 1-32H, t9/07; cum 446K 7/18;
  • 16578, 817, EOG, Risan 1-34H, t907; cum 476K 7/18;
  • 16671, 1,198, EOG, Cormylo 1-23HH, t10/07; cum 544K 7/18;
  • 16713, Austin, cum 591K 7/18;
  • 16768, Austin, cum 655K 7/18;
  • 16795, Austin, cum 704K 7/18; see this post;
  • 16164, 463, EOG, Parshall 1-36H, t6/07; cum 229K 7/18;
  • 16324,  883, EOG, Parshall 2-36H, t9/07; cum 378K 7/18;
  • 16346, 1,800, EOG, Bartleson 1-3H, t10/07; cum 536K 7/18;
  • 16457, 922, EOG, C&B 1-31H, t5/07; cum 468K 7/18;
  • 16461, 1,487, EOG,Patten 1-02H, t3/07; cum 530K 7/18;
  • 16467, 783, EOG, Geving 1-09H, t8/07; cum 397K 7/18;
  • 16497, 1,675, EOG, Hoff 1-10H, t6/07; cum 486K 7/18;
  • 16532, TA/IA/1,285, EOG, N&D 1-05H, t7/07; cum 472K 7/18; inactive as of 10/17;
  • 16543, 1,015, EOG, Florence 1-04H, t7/07; cum 518K 7/18;
  • 16635, 581, EOG, Sampson 1-12H, t12/07; cum 260K 7/18;
  • 16637, 970, EOG, Long 1-01H, t10/07; cum 430K 7/18;
  • 16776, 864, Hunt, Bowman 1-18H, t12/07; cum 330K 5/19;
One of these wells is on pace to produce revenues over $100 million (the link takes you to a Mike Filloon contribution over at Seeking Alpha; at some point the link will probably be broken. Mike is talking about EURs when he says "on track to produce...")

Filloon: "EOG used mainly short laterals with tight stages and large amounts of water and proppant. EOG has kept its wells on a very tight choke, but has opened its wells up some in 2012 and 2013. It has kept its costs down by self sourcing sand, and being very good at cutting costs. It was also the first operator to rail Bakken crude to St. James for LLS pricing. This significantly increased crude revenues, obtaining LLS pricing."

The wells have produced for about six to seven years; they still have more than 30 years of production.

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