Thursday, October 17, 2013

Is Something Going On With Oasis?

I have been blogging since 2007.

Sometime in 2009, I deleted the "original" MillionDollarWay in a fit of insanity, and started over.

In all those years, I have not seen anything like this, the daily activity report yesterday with this lineup:
  • 23350, drl, Oasis, Gramma Federal 5300 41-31T, Baker, no production data,
  • 23935, 663, Oasis, Craig Federal 5892 31-28H, Cottonwood, t5/13; cum 21K 8/13;
  • 23989, 148, Oasis, Domalakes 6092 44-16H, Cottonwood, t5/13; cum 13K 8/13;
  • 24114, 1,243, Oasis, Stim 5504 42-2H, Hebron, t5/13; cum 23K 8/13;
  • 24166, 3,188, Oasis, Travel 5393 14-12T, Sanish, t5/13; cum 62K 8/13;
  • 24194, 3,518, Oasis, Lite 5393 11-11B, Sanish, t6/13; cum 53K 8/13;
  • 24310, drl, HRC, Fort Berthold 148-94-29A-32-5H, no production data,
  • 24328, 434, Oasis, Dolores 5892 42-23H, Cottonwood, t5/13; cum 13K 8/13;
  • 24415, 1,770, Oasis, Knaebel 5693 41-11T,  Alger, t6/13; cum 32K 8/13;
  • 24428, 830, Oasis, Torgerson RR 5604 31-27H, Bull Butte, t7/13; cum 11K 8/13;
  • 24569, 3,142, Oasis, Inigo 5200 43-20B, Camp, t8/13; cum 29K 8/13;
  • 24643, 2,920, Oasis, Sherman 5200 41-20T, Camp, t8/13; cum 21K 8/13;
  • 24747, 1,511, Newfield, Anderson Federal 152-96-9-4-10H, Westberg, t8/13; cum 12K 8/13;
  • 24760, 1,654, Oasis, Knox 5393 44-4T, Sanish, t7/13; cum 18K 8/13;
  • 24923, 759, Oasis, Warren Federal 5893 42-23H, Cottonwood, t5/13; cum 24K 8/13;
  • 25178, drl, KOG, P Wood 154-98-4-26-35-13H3, Truax, no production data, 
September 24, 2013, I posted: is something going on with Oasis?

Generally (except over a weekend), about six wells come off the confidential list on any given day. Of those six, generally there are three to six operators. Occasionally, we will see a handful of wells drilled by the same operator. I expect to see this more often starting next year when mega-pads (6 wells and more become the norm).

But, this list of Oasis wells is not due to pad drilling, nor is even one field getting all the attention. Oasis reported results from several fields: the Cottonwood, the Baker, the Hebron, the Sanish, the Alger, the Bull Butte, and the Camp. These fields range from mediocre (Hebron) to okay (Cottonwood) to very, very good (the Camp).

Also, note the reported IPs. Four wells made the "high IP" list and other wells were close.

It looks like Oasis is routinely using 36-stage fracks, and sand/ceramic in better fields; sand only in other fields (but this is based on just a couple of wells). The 36-stage frack completion looks like the Oasis standard.

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