The two new wells reported today have typical CLR initial production (IP) numbers:
- 23359, 343, CLR, Atlanta 14-6H, Baker, t3/14: cum --
- 23360, 522, CLR, Atlanta 13-6H, Baker, t4/14; cum --
It looks like #23372 is coming back on line, after being taken off line while other wells were being completed.
I don't like the long time from first spud to first sales for this pad, but during this period it appears the "payback" for a Bakken well is now 75,000 total barrels. That is a huge change.
In addition, elsewhere it is being reported by foreign analysts that the break-even point in the Bakken is $60. WTI is now trading solidly above $100.