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Thursday, November 20, 2014

About That Decline Rate In The Bakken; Almost 400,000 Bbls In One Year -- November 20, 2014

Updates

April 30, 2018: update on production -- t9/13; cum 977K 2/18; the 21,000 MCF adds 3,000 boe per month, so for example, the 6,209 bo in 2/18 goes to over 9,000 boe in 2/18; cum MCF gas 1,568,427 MCF = 261,000 boe -- so this well has gone over 1 million boe in less than five years.


PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-20182862096059992039619722220
BAKKEN1-201831696070091292207620797778
BAKKEN12-201731691170121042172621023200
BAKKEN11-2017306783683410420646189691190
BAKKEN10-201731715171021022155620641411
BAKKEN9-201730660465981002120120204509
BAKKEN8-201731704570141272140220345558
BAKKEN7-201731639362621002104919963610
BAKKEN6-201728616262989019608168392325
BAKKEN5-20173172847292992120520491210
BAKKEN4-20173070907095100198551931651
BAKKEN3-201731717472431312053219795248
BAKKEN2-20172037743838841557414979285
BAKKEN1-20172133703363891344112753355
BAKKEN12-2016318901885112430364286651195
BAKKEN11-20163094739658117299782926922
 
Original Post
A random update: the permit said "Bakken," but the target was the Three Forks. The well was tested September 23, 2013, just a little over one year ago.
  • 25374, 1,414, EOG, Austin 39-324H, Parshall, spacing ICO/1920 acres; 60 stages; 14 million lbs sand;
I am quite sure the application said "Bakken" and the drilling report said "Three Forks," not otherwise specified. EOG has drilled mostly middle Bakken wells in the Parshall, so a Three Forks well is noteworthy in this field. It was drilled a little over a year ago and to date, almost 400,000 bbls of oil.

Note the huge amounts of sand being used (14 million lbs); the number of stages is greater than normal, but note this is a 1920-acre drilling unit with a horizontal about 3,000 feet longer than a typical long lateral (based on my calculations which may be entirely wrong).

Check out the "Bakken decline rate" in this well:

NDIC File No: 25374    
Well Type: OG     Well Status: A     Status Date: 9/18/2013     Wellbore type: Horizontal
Location: NWNW 32-154-90    Latitude: 48.123901     Longitude: -102.286554
Current Operator: EOG RESOURCES, INC.
Current Well Name: AUSTIN 39-3204H
Elevation(s): 2330 KB   2305 GR   2298 GL     Total Depth: 22,349     Field: PARSHALL
Spud Date(s):  4/24/2013
Casing String(s): 9.625" 2246'   7" 10042'
Completion Data
   Pool: BAKKEN     Perfs: 1094-22287     Comp: 9/18/2013     Status: F     Date: 9/23/2013     Spacing: ICO
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 378,180     Cum MCF Gas: 255674     Cum Water: 14017
Production Test Data
   IP Test Date: 9/23/2013     Pool: BAKKEN     IP Oil: 1414     IP MCF: 936     IP Water: 120
Monthly Production Data

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2015302591125905375462263548010279
BAKKEN3-2015313218232428203496013671312384
BAKKEN2-201520191011875060924774233501117
BAKKEN1-201531295152955518641405368254079
BAKKEN12-201431316123161217543552416381410
BAKKEN11-201430334713349120440255303319438
BAKKEN10-2014313738237255358459122596519446
BAKKEN9-2014304089140938575397592406315212
BAKKEN8-201415191621924826981233311853406
BAKKEN7-2014293947239797107732919271335653
BAKKEN6-2014294025740197590725064186706250
BAKKEN5-2014138103501521490
BAKKEN4-201429278292865512921775204071227
BAKKEN3-201431310873130961222601822092
BAKKEN2-20142830924306175819692019554
BAKKEN1-20142225395249886913664013565
BAKKEN12-201325273932811510114349014242
BAKKEN11-201330371883719443518371018231
BAKKEN10-2013294376042959131424640024505
BAKKEN9-2013121444113778124310696010640
 
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The Wall Street Journal

POTUS immigration EO; top story as expected.


Top US story: Obama administration lied about numbers enrolled in ObamaCare -- now, who is going to be thrown under the bus? Oh, that's right -- the HHS cabinet secretary is an OMB budget bureaucrat; no medical experience. Good at numbers. Until she gets caught.

No sign of inflation.

Snowstorms pound Buffalo.

Several articles on POTUS immigration EO.

Wow, I'm getting tired of this: Keystone's fate may lie not in DC, but in Nebraska.

University of California to raise tuition 5% for each of the next five years. The gap between the haves and the have-nots widens.

Truce? What truce? Ukraine death toll mounts despite "truce."

Here we go again. Manufacturer of defective air bags knew about it in 2005 but didn't start its investigation or warn car makers until two years later.

Movies: latest "Hunger Games" expected to be biggest open of the year.

Ahead of the tape: the windfall from the sharp drop in energy prices isn't being felt evenly throughout the US economy. Great headline, but story hardly worth reading.

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The Los Angeles Times

Lead paragraph in lead story:
In a major change, the program will invite parents of either U.S. citizens or long-term permanent residents to apply for a work permit and a three-year protection from deportation.
That's what everyone is worked up about! Give me a break. How many potentially affected? Five (5) million. Won't even be noticed. About that many Americans signed up for ObamaCare the first year.

On the other hand, this is big news: truck drivers from three (3) companies end strike at Ports of Los Angeles and Long Beach. Didn't we just write about those ports the other day? Reason #26,542 why I love to blog.

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Hell Froze Over

The Bureau of Land Management on Thursday denied a renewable energy company's application to build a controversial wind and solar farm in the Mojave Desert's remote Silurian Valley, deciding the sprawling project "would not be in the public interest."
The closely watched decision is considered a bellwether for how the federal agency will handle future requests to develop renewable energy projects outside established development areas.
Jim Kenna, the BLM's California director, made the decision, finding that Iberdrola Renewables' proposal would have industrialized 24 square miles of "a largely undisturbed valley that supports wildlife, an important piece of the Old Spanish National Historic Trail, and recreational and scenic values."
Kenna said he had been discussing the matter for weeks with field personnel and found the evidence "pretty persuasive."
He cited concerns that the project would degrade the quality of the wilderness surrounding the proposed site, located between two national parks. He also noted potential hazards to the desert tortoise and other impacts that could not be mitigated.
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For The Archives

It is amazing how inexpensive Blu-Ray DVDs have become. Yes, I know the younger crowd is watching movies for even less, and streaming them, but one can purchase a Blu-Ray set of three Sean Connery / James Bond movies, Volume 1, and Volume 2, each for about $14.99.  On so many levels the movies are pretty cheesy but two things draw me to them, to watch them over and over: a) the music; and, b) the scenes of beautiful locations around the world. Tonight, "From Russia With Love," reminded me our visits to Istanbul when we were assigned to Turkey for a couple of years.

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