NDIC Site Back Up; EOG Reports A 63-Stage Frack; New Low Active Rig Count -- June 12, 2015

Production and IPs for wells coming off the confidential list have been posted.

The number of active rigs post-boom sets a new "low" record: 76.

Another huge, typical EOG, 1920-acre drilling unit well:

• 27858, 236, EOG, Parshall 152-0806H, Parshall, ICO, 63 stages, 18 million lbs, t12/14; cum 126K 4/15;  

Typical EOG 1920-acre drilling unit well: L-shaped, 3 sections; lateral cuts the corner of the third section but is essentially a typical long lateral draining two sections; the purpose, of course, is to capture the otherwise "orphaned" oil in the corners of the three sections that would otherwise be lost due to "setback" rules.

The total depth (a function of the length of the horizontal) is hardly noteworthy: 22,317 feet.

63 stages and almost 20 million lbs of sand. See Mike Filloon's take on this, from just the other day. 

One has to ask the question whether the USGS took these "new" drilling  units into consideration back in 2010 (or whenever it was) that it estimated the EUR of the Bakken.

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A Note for the Granddaughters

Without question, if one is interested in "understanding" Aristotle, it would be hard to find a better source than Armand Marie Leroi's The Lagoon: How Aristotle Invented Science, c. 2014.

It is definitely a book to be read slowly, savoring every short chapter. I find it interesting how the author writes in a conversational style but ever so subtle. He is also very, very remarkable at introducing new concepts.

If you are a fan of Stephen Jay Gould, you will enjoy this book. On page 149, he actually mentions Stephen Jay Gould -- suggesting that Gould had never read "Aristotle." 

I feel bad for our granddaughters. They will be "forced" to listen to me on our cross-country trip this summer about Aristotle. LOL.