- 26453, drl/NC
- 27853, 392
- 28862, drl
- 29322, 1,121
- 29462, SI/NC
- 29851, SI/NC
- 29876, SI/NC
- 30066, SI/NC
- 30129, SI/NC
Bottom line, 7/9 wells coming off confidential list were not completed. Before the slump in oil prices, wells that were not completed were simply put on the DRL list and would be completed as soon as possible. Now, these wells are being "shut in" and won't be completed until ... well, no telling when.
And that's why the "fracklog" on the Director's Cut that will be released this week is the most anticipated data point. [The second most anticipated data point: price folks are getting for Bakken oil vs WTI.]
Under "normal" circumstances during the boom, the number of wells waiting to be fracked was in the neighborhood of 250. When it went to 450, it caught people off-guard, to some extent.
Sevenhundredfifty wells waiting to be completed ... unheard of. And then last month: 900. It's hard to believe the number won't be higher in the next report when one sees lists like the one above.
By the way, the #27853 well is a "high-IP" producer. At 54 stages and 14.4 million lbs of sand, I will let you guess the operator. The production profile:
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 4-2015 | 30 | 10525 | 10358 | 19536 | 7008 | 6524 | 0 |
BAKKEN | 3-2015 | 24 | 13778 | 13971 | 20430 | 6567 | 6208 | 0 |
BAKKEN | 2-2015 | 28 | 36266 | 36605 | 44408 | 22185 | 21733 | 0 |
BAKKEN | 1-2015 | 29 | 43004 | 42486 | 72664 | 19963 | 19499 | 0 |
BAKKEN | 12-2014 | 13 | 6256 | 6122 | 24826 | 2251 | 2041 | 0 |
Mr. Oksol
ReplyDeleteI have been following the Marcellus more closely these past few months. Absolutely fascinating story unfolding there.
Right now, there are over 2,300 wells that have been drilled - some completed - that are not producing. Although the low pricing plays a major role, the lack of takeaway pipelines is the main culprit.
There are currently less than 6,500 producing wells in the Pennsylvania Marcellus.
Peak what?
And all those wells that are not producing can be brought on line quite quickly if necessary. I was vaguely aware of the pipeline problem -- RBN Energy talks about the Marcellus and Utica, it seems, more than the Bakken, Permian, and Eagle Ford.
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