Saturday, May 16, 2015

An Example Of How Operators Can Minimize Production During Period Of Slump In Oil Prices -- May 16, 2015

This is for newbies, an example of how operators can cut back production during period of slumping oil prices:

The well:
  • 24799, A, CLR, Rollefstad Federal 7-3H-1, Antelope, no test date, probably completed around 2/14; cum 128K 3/15; 
Production profile:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH3-2015713231430110432893071218
SANISH2-20151332553310258657705651119
SANISH1-20151949405186522750594921138
SANISH12-2014235877567264357865149637
SANISH11-2014225841616681679897767222
SANISH10-2014311511915441440723907221111796
SANISH9-2014292021619991478732098296872411
SANISH8-2014281452314662880916746128623884
SANISH7-2014311575915597702422426177174709
SANISH6-20143013710134541027923278166946584
SANISH5-20143016935169461632019928172942634

This is why it's literally impossible to predict what the Bakken will produce any given month.

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This may be of interest to some readers along the same line: link here. The graphs are of interest; I'm not sure about the commentary. I'm posting it only for archival purposes. I have no idea about the veracity of the graphs.

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Grilling Teriyaki Steak 

Link here

Marinade (overnight, if possible)
  • 120 mL soy sauce or tamari 
  • 120 mL dry sherry or mirin 
  • 60 mL peanut oil 
  • 1-2 cloves garlic, finely minced 
  • 1 tsp orange zest 
  • 1-2 tbsp grated fresh ginger 
800g-1kg skirt steak (around 200g-250g per person)

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