Tuesday, January 21, 2014

How About 250,000 Bbls Of Bakken Crude Oil In Less Than Five (5) Months -- From One Well

This should folks talking again about the Bakken.

24667, conf, EOG, Van Hook 19-2523H, Parshall:

DateOil RunsMCF Sold
11-20133923029669
10-20135336030936
9-20135689129328
8-20135281527066
7-20132332211007

If the arithmetic is correct, that's 225,618 bbls, and generally speaking the first month is not a full month of production. But we'll see. This should be a long lateral based on the name of the well. EOG started out doing short laterals in their Parshall field, but the field is pretty much spaced for 1280-acre drilling units now.

And that, folks, is why the Bakken never ceases to amaze me. EOG has ten rigs working this field. There was a time, after the boom settled down a bit, EOG had only one rig -- and some days -- no rigs in this field.

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More Global Warming

The government shuts down ... again. This time, it's the threat of another snow storm. Is is just me, or does it seem we are having more extreme winters these past few years? I wonder if this has to do with the end of global warming ... which occurred about 18 years ago.