Friday, June 12, 2015

Off The Net For Awhile -- June 12, 2015

I've been updating the cumulative production numbers for "high IP" wells that were spud back in 2013. It is amazing how much these wells have been choked back (mostly taken off-line) for the past few months.

Some examples (there may be many reasons why production was down, including erroneous reporting, commingling/erroneous reporting, conditioning rules, flaring rules, operational reasons due to pad drilling, work-over [unlikely], pump installation, quotas being met, weather, etc -- but, whatever the reason, one can see how much oil can be cut back on any given well).

First example:
  • 24484, 2,932, BR, CCU Prairie Rose 31-30TFH, Corral Creek, t8/13; cum 128K 4/15; 
Note:
  • this well is capable of at least 4,000 bop month
  • in November, 2014, was on-line for only 13 days
  • in February, 2015, produced only 3 bbls of oil 
  • still flaring
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-201525196519657401722985737
BAKKEN3-2015312266230788015321311221
BAKKEN2-20152731448401976191355
BAKKEN1-20153131923197873268026710
BAKKEN12-20143135363467930306630591
BAKKEN11-20141315401577396104610430
BAKKEN10-201431283928261333275727520

Second example:
  • 23438, 2,464, Statoil, M. Macklin 15-22 7H, Cow Creek, t8/13; cum 139K 41/5:
Note:
  • this well is capable of 5,000 bopm
  • typical Bakken well with an IP of 2,464 should have had huge 2nd, 3rd, and 4th months (despite being a Statoil well)
  • 18 days in April, 2015
  • flaring until April, 2015
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-201518194323373946137013700
BAKKEN3-201531491249408469383227991033
BAKKEN2-20152847035005635348374009828
BAKKEN1-201531584356735740493730021935


Third example:
  • 24338, 2,576, HRC, Fort Berthold 148-94-33D28-4H, McGregory Buttes, t8/13; cum 280K 41/5:
Note:
  • remember earlier discussions on general pattern of Bakken wells; typical Bakken well, especially an HRC well with an IP of 2,576, should have had incredible 2nd, 3rd, and 4th months;
  • note two months in a row with few days on-line
  • still flaring
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2015301114510179666295788716652
BAKKEN3-2015722982503149118101393368
BAKKEN2-2015914831622119616391467109
BAKKEN1-20153160366460450751384614307
BAKKEN12-20143192329133445066326079336

Fourth example:
  • 24339, 2,302, HRC, Fort Berthold 148-94-33D-28-5H, McGregory Buttes, t8/13; cum 282K 4/15:
Note:
  • this well is easily capable of 8,000 bopm
  • this well should have produced 20,000 bopm 2nd, 3rd, 4th months
  • down to 3,000 bbls in April
  • 19 days in March, 2015
  • the company can operate the well for 19 days and get as much production as a full 30-day month
  • still flaring
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2015292331261517082652238960
BAKKEN3-20151970177746466053844998253
BAKKEN2-20152461745407372149174596153
BAKKEN1-20153164286603477256145143254
BAKKEN12-20143169516876575473886981190
BAKKEN11-2014306385666245756031578635
BAKKEN10-201431720473525383563941061316

Last example:
  • 24906, 2,971, BR, CCU Meriwether 34-19TFH, Corral Creek, t7/13; cum 65K 4/15:
Note:
  • just plain crazy to the casual observer, but I'm sure it can all be explained
  • remember, this field has been unitized, which may explain a lot
  • still flaring
  • capable of 8,000 bopm
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2015121026975610741565176
BAKKEN3-20150000000
BAKKEN2-201500790000
BAKKEN1-201517178917981060148014760
BAKKEN12-20141221232036570181718130
BAKKEN11-20140000000
BAKKEN10-20141073016160
BAKKEN9-20141220932057670236123544
BAKKEN8-201437499071417357330
BAKKEN7-20141640643868395338493476365
BAKKEN6-2014001100000
BAKKEN5-20142931573131990280428000
BAKKEN4-201492414233012702183215722
BAKKEN3-20141090061600
BAKKEN2-201412183019851502046201825
BAKKEN1-2014253504342810454908487224
BAKKEN12-2013939783922686137813714
BAKKEN11-201312541953062561293129262
BAKKEN10-201300930000
BAKKEN9-201320762978194736860986040
BAKKEN8-201392207321790388793479270
BAKKEN7-20138300030000000

2 comments:

  1. Maintaining market share yet choked back - interesting. O-bit-PEC-uary.

    ReplyDelete
    Replies
    1. It is quite remarkable. I might post two or three examples.

      Delete

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