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Sunday, August 9, 2015

Reminder: The Mike Filloon Article; EOG's Super-Long, Super-Productive Wells

I've posted this before -- the link to the most recent Mike Filloon article, but if one is truly interested in "Bakken_101" this is an incredibly good article. The amount of information Mike has put together is simply staggering. Scroll through the production profiles he has provided. The production profiles will water your eyes.

As just one example:
  • 22486, 2,421, EOG, Hawkeye 100-2501H, Clarks Creek, t9/12; cum 666K 6/15.
Other data points:
  • 47 stages
  • 14 million lbs of sand
  • the lateral is 13,700 feet long; a super-long lateral; extends the distance of almost three full sections
  • note the production profile below: as much as 55,000 bbls of oil in one month; if one adds up all the days the well was not in production, it adds up to almost a full year; 
Other posts at the MDW where I talked about the Hawkeye wells
 I track Clarks Creek here.

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From Mike Filloon at the linked article:
Hawkeye 100-2501H had some excellent early production numbers. From that perspective, it is one of the best wells to date in the Bakken. It has already produced 655,000 bbls of crude and 960,000 Mcf of natural gas.
It has revenues in excess of $42 million to date.
This includes roughly four non-producing or unproductive months.
Crude production over the first 360 days was 389,835 bbls. Over the first 12 months, this well produced crude revenues in excess of $23 million. Decline rates were higher, as the first full month of production declined 65% over the first year. This isn't important as early production rates were some of the highest seen in North Dakota.
It is important to note, decline rates are emphasized but higher pressured wells may deplete faster depending on choke and how quickly production is propelled up and out of the wellbore. Any well that produces very well initially will have higher decline rates, but this does not lessen the value of the well.
This specific well is depleting faster, but no one is complaining about payback times well under a year. Decline rates decrease significantly in year two at 11%. This well saw a marked increase in production when adjacent wells were turned to sales. The additional pressure associated with well communication increased production from 20,000 bbls/month to 35,000 bbls/month on average. This occurred over a 6 month period.
 My hunch is that this well is being choked back at the moment.

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Scout Ticket and Production Profile

NDIC File No: 22486    
Well Type: OG     Well Status: A     Status Date: 9/23/2012     Wellbore type: Horizontal
Location: NENE 25-152-95       Latitude: 47.962526     Longitude: -102.774270
Current Operator: EOG RESOURCES, INC.
Current Well Name: HAWKEYE 100-2501H
Total Depth: 25101     Field: CLARKS CREEK
Spud Date(s):  4/19/2012
Completion Data
   Pool: BAKKEN     Perfs: 10812-25101     Comp: 9/26/2012     Status: AL     Date: 7/10/2014     Spacing: ICO
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 666,340     Cum MCF Gas: 997053     Cum Water: 259235
Production Test Data
   IP Test Date: 9/26/2012     Pool: BAKKEN     IP Oil: 2,421     IP MCF: 5232     IP Water: 1410
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN6-2015264513455336901497711931384
BAKKEN5-2015316287630651362172417829653
BAKKEN4-2015307235722556852475221414227
BAKKEN3-20153184598504650125171208281127
BAKKEN2-20152893449510641420654163901349
BAKKEN1-20151344274397265999188115605
BAKKEN12-20143015487161871161649147426053509
BAKKEN11-20141177697012496215996127672269
BAKKEN10-20141220400
BAKKEN9-2014221261713182844432742235437469
BAKKEN8-201431311553205219754980862246675469
BAKKEN7-201487229592798431256511212420
BAKKEN6-201429275542746911865495512114628272
BAKKEN5-201431352673530715480615432320338185
BAKKEN4-2014303978240933184723269632227319
BAKKEN3-2014232969928444193102382222827883
BAKKEN2-20140000000
BAKKEN1-20140000000
BAKKEN12-20130000000
BAKKEN11-201312641864781182921409161
BAKKEN10-2013312132522275458331678031524
BAKKEN9-2013241548614831359022352022242
BAKKEN8-2013311964719626449228746028591
BAKKEN7-2013311587215998407923600023445
BAKKEN6-2013301754417699417125794025644
BAKKEN5-2013312221021897543033351033198
BAKKEN4-201330290752914269683269632227319
BAKKEN3-2013313663137198820157544057404
BAKKEN2-2013282210021977597832810032671
BAKKEN1-2013303339632927903255877055739
BAKKEN12-20123155367556081462992144091989
BAKKEN11-20122747557485941038257300057178
BAKKEN10-20123154927540531590615500
BAKKEN9-201292195920698107814440402

Graphic of the super-long laterals on the day the above note was posted:


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