Two (2) More CLR Atlanta Wells, Baker Pad, Have Been Reported

I track the Atlanta wells here.

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 there about five (5) Atlanta wells yet to be completed/tested/reported. Contrary to some other reports, it appears not all the wells have been tested/completed/reported yet. Contrary to earlier reports, these are pretty typical IPs for CLR wells.

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.