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Saturday, September 27, 2014

CLR's Bakken Enhanced Completion Tests -- September 27, 2014

Comparing Bakken Enhanced Completions
September, 2014
Slide 41 - 44
Comparing Enhanced Completions In Williams, McKenzie, Mountrail, and Dunn Counties

Completion Method
  • large proppant method: 22 gross wells tested
  • slickwater: 16 gross wells tested
  • hybrid: 6 gross wells tested
Incremental capital:
  • large proppant volume: $0.9 million
  • slickwater: $1.3 million
  • hybrid: $1.4 million
Completed well cost:
  • large proppant volume: $8.7 million
  • slickwater: $9.1 million
  • hybrid: $9.2 million
Range of production uplift:
  • large proppant volume: 10 - 180%
  • slickwater: 0 - 100%
  • hybrid: 0 - 120%
Average 30 - 90 day uplift:
  • large proppant volume: 5 - 15%
  • slickwater: 20 -35%
  • hybrid: 45 - 60%
Capital increase:
  • 12%
  • 17%
  • 18%
Incremental  EUR boe
  • 104 K, 17%
  • 156K, 27%
  • 167K, 33%
Incremental ror (%)
  • >100%
  • >100% 
  • >100%  
Bottom line:
  • the increased capital costs are returned in the first year
  • EURs could increase by as much as 33%
  • this is across four counties, not just the sweet spot in northeast McKenzie County
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2 comments:

  1. I wish they would do controls or if they do them show the comparison to controls.

    ReplyDelete
  2. The "controls" would be the offset, previously drilled wells.

    Over time, the wells with enhanced completion will be identified. At that time, one can go to the GIS map, located the offset wells and compare those wells with the wells that had "enhanced" completion.

    The oil industry is a very "close hold" industry; I'm surprised CLR is providing as much data as they are (of course, this is for investors' benefit but it's giving a lot of information to their competitors). Whiting is also well known for providing excellent presentations.

    In an earlier note, a reader noted that it appears CLR used "enhanced completion techniques" on three Bonney wells. If interested in "controls," go to the GIS map server, locate the three Bonney wells, and then compare the results of those wells with dozens of "control wells in the immediate area.

    ReplyDelete

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