Flashback: A Whiting Well From 2010 -- September 26, 2015

Later

September 27, 2015: after posting the note below, a reader reminded me to take a look at this "older" well, also a "2010 well" --

• 17912, 2,581, Whiting, Sorenson 11-3H, Sanish, middle Bakken, 18 stages, ~ 3 million lbs, F, t2/10; cum 758K 7/15;

Incredibly, the well is still not on a pump according to the NDIC. There are only four long laterals in this drilling unit (plus a shorter one sited in southwest corner and running south into next section). Lots of work yet to be done in this section if there are  multiple payzones.

I've highlighted this well numerous times on the blog. Look at the current production and how little water is being produced, and no flaring: 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2015	26	3008	2962	115	3226	3176	0
BAKKEN	6-2015	30	3591	3687	192	3477	3198	219
BAKKEN	5-2015	31	4584	4608	283	3789	3711	16
BAKKEN	4-2015	30	5046	4985	353	4274	4194	20
BAKKEN	3-2015	31	5615	5572	464	4259	4197	0
BAKKEN	2-2015	28	4599	4623	323	3721	3667	0
BAKKEN	1-2015	31	5721	5714	466	4171	4110	0

Original Post

 
Flashback: the Bakken boom began in North Dakota in 2007 (2000 in Montana). By 2010 things were moving along quickly but it was very, very expensive to drill and operators still had much to learn about the Bakken. As a rule of thumb, apparently I was using a price of $50/bbl back in 2010 -- not a whole lot different than what WTI is going for now (at least on the TV crawler). Even with all the unknowns and high cost of leases and drilling and working without the infrastructure that exists today, operators were doing their thing.

A post from August 4, 2010:

18409, 2,404, Kinnoin 21-14H, Sanish, NENW 14-154-91
Cumulative: 98,265 bbls in 83 days.

At $50/bbl, that's $4.9 million at the wellhead. In less than 90 days.

Other operators in the Bakken opine that these wells will have an economic life-time of 39 years. They have horrific decline rates, but something tells me the technology will keep improving over the years. I wonder if a pump has even been put on this well yet?

It would be great to hear some of the details of the well: number of frac stages; sand or ceramics?

So, how did that well do?

• 18409, 2,404, Kinnoin 21-14H, Sanish, NENW 14-154-91, Sanish, open hole, 2 million lbs sand, t3/10; cum 574K 7/15;