Saturday, August 2, 2014

Week 31: July 27, 2014 -- August 2, 2014

Stories of the month
ONEOK announces new natural gas projects; press release and background
SM Energy to acquire 61,000 net acres from Baytex

Bakken economy
Menard's big box store coming to Williston
Four-lane highway between Watford City / Alexander could be complete by Halloween
Williston airport traffic up 250% over two years
Williston, Minot, Dickinson qualify for state oil money as hub cities
Update on the $65 million development project, Main Street, Watford City
Banks in western North Dakota limiting deposits; tsunami of money causing problems
Dickinson looking to further development west of town, near new refinery

Natural gas
Random update of the existing natural gas processing plants in North Dakota

Operations
August NDIC Hearing Docket agenda;
Did Whiting set a new record IP in the Bakken (a Three Forks 2nd bench well)
OXY USA reports a nice well in the Bakken
Random update: Halcon well hits 156,487 bbls in less than four months
Random update: CLR's Wahpeton wells in Banks oil field
Random update: three very nice Whiting wells in the Westberg oil field

Bakken101
KOG talks about aging wells

New feature
Production five years out

Commentary
Million-bbl EURs in the Bakken
 
Something to keep an eye on
MRO's Powell 31-27TH (Tyler), "Unknown XML" pool

2 comments:

  1. We have been told that wells in the Bakken produce between 3 - 5 years. Is that true?

    ReplyDelete
    Replies
    1. You are correct, but that must be a typo. Remove the two spaces and the hyphen between the "3" and the "5" and you be close: Bakken wells are expected to produce for 39 years (yes, that is the actual number). The wells pay off in the first few years, but will produce for a long time after that. EOG's expectation for a new well is that the well will pay for itself "at the wellhead" in six months.

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