OXY USA Is The Anti-Statoil; EOG Reports Almost 20 Million Lbs Sand In A Typical Long Lateral -- June 9, 2015

This goes back to the very early days in the Bakken. Long-time readers will know "where I'm coming from."

Statoil consistently reports outlandish IPs, exceeding 3,000 bbls of oil and then quickly "regressing" to the mean.

Meanwhile, OXY USA consistently reports outlandish IPs, often less than a couple of hundred bbls of oil, and then over time come up with average to good wells. Today is another OXY USA example:

• 26782, 53, OXY USA, Shuck 3-33-28H-144-97, Little Knife, t12/14; cum 35K 4/15;

It would be interesting to know OXY USA's "parameters" when testing / reporting IPs.

I track OXY USA wells here.
******************************
Sand

I guess when frack sand is dirt cheap and you own your own sand pits and your own rail support, you can use as much sand as you want:

• 27854, 1,433, EOG, Parshall 37-0806H, Parshall, ICO (1920), 50 stages, 12 million lbs,, t12/14; cum 147K 4/15;

• 27859, 823, EOG, Parshall 57-0806H, Parshall, ICO (1920), total depth 22,647 feet, 55 stages; 18.4 million lbs,  t12/14; cum 159K 4/15;  

For newbies: when the Bakken boom began in North Dakota, a million lbs of sand seemed to be thte norm. Statoil seemed to be going out on a limb when they used as much as 4 million lbs. Then others raised the ante, but EOG said they would use upwards of 10 million lbs in a long lateral. Even though these are proposed 1920-acre drilling units (ICO), they are still typical long laterals with total depth not all that "deep." Total depth has to get more than 25,000 feet before I get excited about a super long lateral in the Bakken.