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Monday, September 8, 2014

Random Update On MRO's Uran 31-2H Well In Reunion Bay -- Halo Effect? -- September 8, 2014

Updates

Later, 1:22 p.m. CDT: see first comment. Excellent link regarding "sharing/interference" as wells are spaced closer together. The link is at "drillinginfo.com.' My only comment: I am always leery of comparing short-term production among various wells; there are too many factors/variables involved. Operators manage their assets; they manage production from each well. The linked article suggests that newer wells produce 85% of (prior) existing neighboring wells.

Original Post
 
Halo effect? 18362
  • 18362, 641, MRO, Uran 31-2H, Reunion Bay, t6/10; cum 239K 7/14; 15 stages, 2.6 million lbs; no explanation why it was taken off-line for four months in mid/late-2013, and then came back with (somewhat?) better production; it was fracked back in 2010; a rod pump was put in late 2011;
Note production profile:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-201431422641851244465430621406
BAKKEN6-20143043104344137851044254670
BAKKEN5-20143147274842158548403875779
BAKKEN4-201428469246921597420224281614
BAKKEN3-201431620560972311553322493099
BAKKEN2-201428439245471437387016772025
BAKKEN1-20143127942914150523761713477
BAKKEN12-2013313522341426971670728756
BAKKEN11-201310146613091187134078
BAKKEN10-20130000000
BAKKEN9-20130000000
BAKKEN8-20130000000
BAKKEN7-2013131641176437423741122
BAKKEN6-2013304095397089951184247
BAKKEN5-201331416142239901586815587
BAKKEN4-2013303984396494428472259408

One may want to look at #25486. This MRO well runs alongside (in the opposite direction) #18632, and was fracked in September, 2013, exactly the time frame when #18632 was taken off line:
  • 25486, 1,687, MRO, Mildred 44-11TFH, Reunion Bay, 30 stages; 2.8 million lbs; t10/13; cum 110K 7/14;
Production profile for #25486:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-201431815480392850871069741560
BAKKEN6-201430902390913100934375191644
BAKKEN5-20143111150109923927952671772164
BAKKEN4-201430126811333143421201188862945
BAKKEN3-201431138051349855731220884493579
BAKKEN2-201457105844535220501
BAKKEN1-201431980710087366883401268036
BAKKEN12-201331135631320254251092116229113
BAKKEN11-2013209301937142251008076442324
BAKKEN10-201330222962177501021552424797
BAKKEN9-20131000600



Related posts:
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ObamaCare Bill Is Coming Due -- The Street

The Street is reporting:
Now ObamaCare is throwing new sand into the gears by fining individuals who lack employer-provided insurance and fail to purchase a plan from the government marketplace.
No surprise, next year those policies are expected to jump in cost by as much as 30%. Medicare actuaries are forecasting health spending will rise at 6% a year during the next decade and is on pace to reach 20% of GDP by 2025.
The administration has obfuscated the issue. Government numbers show Medicare expenditures growing more slowly, but that's because the new law raises premiums, cuts benefits and slices reimbursements to doctors and uses the cash saved to subsidize the federal and state insurance exchanges.
Small businesses are shedding employees and larger ones are scrambling to find machines to replace lower paid workers, or leave the country altogether to escape the burdens of health insurance.
Good jobs are scarce, and America is losing its brand.
The United States, once the home of free markets, is no longer the most vibrant economy on earth. It's China, where bureaucrats are better at imposing the tyranny of a state-managed economy.
My hunch is we will see customer-friendly automated kiosk ordering at McDonald's before my investing life ends, sometime in the next ten years. Apparently Chili's or Applebee's is already doing it in some restaurants. USA Today is reporting that iPads are replacing restaurant staff, back in 2011:
When the new chain Stacked: Food Well Built opens its first of three Southern California units in May — this one in Torrance — sitting atop each of the fast-casual chain's 60 tables will be an iPad that folks will use to design and order their meals.
The two co-founders — who founded the BJ's Restaurant chain — plan to place 100 iPads in each restaurant. Diners will use them to look at meal options; design their own burgers, pizzas and salads; and, if they want, use the iPads to pay for the meals.
But, says co-founder Paul Motenko, "We're not going to market it as an iPad restaurant." When Stacked founders first considered a concept with guests creating their own meals and ordering them on tabletop devices, the iPad didn't yet exist. iPads were the breakthrough, Motenko says.
I've never seen a Stacked restaurant, and I don't know how they are doing, but their webpage is c. 2014.

Forbes reported in December, 2013:
From the classroom to coffee shops, tablets are popping up everywhere. Now a new deal will put 100,000 of the devices on tabletops across Applebee’s restaurants in the United States, a record rollout for a business that continues the trend to add entertainment to your dining experience that will get you to spend more in your seat.
Meanwhile, back in June, 2014, earlier this year,  The Atlantic Monthly reported that Chili's was doing the same thing:
To prevent all this, Chili's recently made a big change to its in-store ordering system. The chain partnered with Ziosk, the restaurant-targeted tablet-maker, to develop a series of tabletop devices that allow customers to order their meals without the pesky interference of a human.
The tablets let your order your meal—and pay for it—through a screen, as you would with online ordering. (They also, as a bonus, offer games for kids and news offerings from USA Today.)
Chili's just completed what it's calling "the largest rollout of tabletop tablets in the U.S."—which includes the installation of more than 45,000 tablets across 823 Chili's restaurants
"By this fall," Austen Mulinder, Ziosk's CEO, said in a press release, "guests at nearly every Chili's in the country can place orders, play games and pay their checks from our tabletop tablets."
And if you can order at the table, it's just a matter of time before you can order from home, and have a table reserved, and already paid for by the time you arrive. 

Yes, that's right, now I remember. It was my daughter who told me her family went to Chili's, and while waiting for their order to arrive, played games on the tablets from which they ordered their meal. The games cost about 99 cents each, or something like that.

McDonalds needs to catch up.

Note that it was The Atlantic Monthly that called the wait-staff "pesky." Not me. If one thinks the wait-staff at Chili's is "peaky," I can't even imagine the word one would use for some of the McDonald's staff in downtown NYC and at east coast airports.

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North Dakota, previously posted

Undated, perhaps about 2008

1 comment:

  1. Yes, halo effect and sharing are related. I'm a little schizoid on the blog. Sometimes I seem to be interested in individual wells, and then in other posts I'm interested in the big picture -- total production. The issue of halo effect is a positive story for the drillers, I suppose. Sharing is a challenge for the commission when making rules for siting wells, etc., I suppose. But it all helps me understand the Bakken better.

    I can't recall but it seems I've posted the "Drilling Info" data earlier regarding sharing; at least one post mentioned it:

    http://themilliondollarway.blogspot.com/2014/05/random-data-point-from-eogs-1q14.html

    ReplyDelete

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