Several "Huge IP" Wells Coming Off The Confidential List Christmas Day And Boxing Day, December 25, 2014

As you go through the list below, think about this. Most of these wells were drilled six months ago, back in June, 2014. We still have July, August, September, and October, and probably November, and December (of 2014), to get through before the current slump in oil prices starting affecting things. Spread this observation across all the unconventional shale across the US and one can see the glut of oil isn't likely to slow down quickly. [It turns out this was said back on December 9, 2014:

It will take six months or so to whittle away the 1m barrels a day of excess oil on the market – with US crude falling to $50 - given that supply and demand are both “inelastic” in the short-run.]

I know I'm not saying that correctly, but hopefully you get the point. Mixing metaphors, I suppose: there are at least a year's worth of wells in the Bakken pipeline yet to come on line. Peak oil? LOL.

Richard Zeits talks about the "myth" of the oil glut, but RBN Energy suggests "we're" already maxing out with regard to storage sites in North America.

The wells reported here do not represent the response to the slump in oil prices; way too early to see that response.

Note the amount of proppant EOG used in that Wayzetta middle Bakken well, and also note the amount of proppant CLR is using.

Friday, December 26, 2014:

• 25747, 915, EOG, Wayzetta 29-1424H, Parshall, 43 stages; 13.6 million lbs sand; conditioning unit on site, s10/19; TD10/31, middle Bakken, 1920 acres, t4/14; cum 138K 11/14; 
• 27144, 2,256, QEP, Kirkland 2-23-14TH, Grail, t9/14; cum 57K 11/14; 
• 27145, 2,213, QEP, Kirkland 4-23-14BH, Grail, t9/14; cum 62K 11/14; 
• 27146, 2,172, QEP, Kirkland 3-23-14BH, Grail, t9/14; cum 63K 11/14; 
• 27430, 930, WPX, Roggenbuck 4-9HW, Van Hook, t11/14; cum --  
• 27705, 2,163, QEP, Kirkland 22-15-23-14LL, Grail, t9/14; cum 72K 11/14; 
• 27791, 2,096, QEP, TAT 1-33-28BH, Grail, t8/14; cum 70K 11/14;
• 27792, 1,664, QEP, TAT 2-33-28-BH, Grail, t8/14 cum 64K 11/14; 
• 27816, drl, QEP, TAT 33-28-34-27LL, Grail, s4/14; cum 63K 11/14; 
• 28084, drl, CLR, Holte 2-32H, Stoneview, no production data 
• 28099, drl, Hess, EN-Dobrovolny A-155-94-2413H-7, Manitou, no production data, 
• 28157, drl, MRO, Snow Bird USA 31-17TFH, Van Hook, no production data, 
• 28501, 370, Hunt, Alexandria 161-100-22-15H-1, Alexandria, t9/14; cum 11K 11/14;  

Thursday, December 25, 2014: 

• 26889, 704, Oasis, Brier 5200 44-22 4T2, Camp, t6/14; cum 37K 11/14; interesting production profile; 
• 27632, 514, OXY USA, Kary 3-24-13H-144-97, Cabernet, t6/14; cum 47K 11/14; interesting production profile;
•  27633, 519, OXY USA, Kary 4-24-13H-144-97, Cabernet, t6/14; cum 50K 11/14; interesting production profile; 
• 27941, drl, Hess, GN-Cambrian-159-98-2536H-2, Big Stone, no production data, 
• 28042, drl, SM Energy, Torgeson 2-15HS, West Ambrose, no production data, 
• 28085, drl, CLR, Holte 3-32H1, Stoneveiw, no production data, 
• 28098, drl, Hess, EN-Dobrovolny A-155-94-2413H-6, Manitou, no production data, 28238, 838, MRO, Hollingsworth 24-22TFH, Chimney Butte, t9/14; cum 17K 10/14; 
• 28357, drl, MRO, Davis 24-22H, Bailey, no production data, 28405, 980, CLR, Harrisburg 1-34H, Indian Hill, t10/14; cum 23K 10/14;  
• 28599, conf, Oasis, Chalmers 5301 44-24 3BR, Baker, no production data, 
  

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25747, see above, EOG, Wayzetta 29-1424H, Parshall

Date	Oil Runs	MCF Sold
10-2014	10120	3848
9-2014	3431	806
8-2014	22561	3675
7-2014	26547	842
6-2014	26469	3736

27144, see above, QEP, Kirkland 2-23-14TH, Grail:

Date	Oil Runs	MCF Sold
11-2014	17334	13108
10-2014	21691	20544
9-2014	18114	9268

 27145, see above, QEP, Kirkland 4-23-14BH, Grail:

Date	Oil Runs	MCF Sold
11-2014	17238	14001
10-2014	20719	20893
9-2014	23512	12778

27146, see above, QEP, Kirkland 3-23-14BH, Grail:

Date	Oil Runs	MCF Sold
11-2014	18549	15021
10-2014	22166	24302
9-2014	21616	11244

27705, see above, QEP, Kirkland 22-15-23-14LL, Grail:

Date	Oil Runs	MCF Sold
11-2014	21285	26443
10-2014	24798	28261
9-2014	25536	7381

27791, see above, QEP, TAT 1-33-28BH, Grail:

Date	Oil Runs	MCF Sold
11-2014	11485	5444
10-2014	16658	17090
9-2014	24734	7703
8-2014	17182	5184

27792, see above, QEP, TAT 2-33-28-BH, Grail:

Date	Oil Runs	MCF Sold
11-2014	16042	8454
10-2014	21982	24637
9-2014	18716	5753
8-2014	6933	3269

27816, see above, QEP, TAT 33-28-34-27LL, Grail:

Date	Oil Runs	MCF Sold
11-2014	7665	1574
10-2014	16164	28072
9-2014	28123	2809
8-2014	11178	0