Every Well Has A Story -- November 9, 2015

Disclaimer: the usual disclaimer holds. There will be typographical and factual errors. Opinions and facts will be interspersed; it is often hard to tell opinion from fact; the shorthand and notes are for my use only; feel free to read them but don't quote me on any of this stuff. This is not an investment site. Do not make investment or financial decisions based on anything you read here or think you may have read here. If this information is important to you, go to the source.

Updating some old wells. Note the date these wells were drilled (the "t" date is the test date -- so "t5/07" means the well was tested May, 2007. Wells are tested about the time they are completed/fracked, and at the time these wells were drilled, they were fracked soon after.

Also note the total production to date (cum XXXK 9/15).

These wells were drilled when:

• average EUR in the Bakken was estimated to be about 350,000 bbls
• not a lot was yet known about the Bakken (where the sweet spots were; how best to complete the wells)
• when infrastructure was greatly lacking

These wells will be producing for another 20 years, if not longer. 

These wells are back on active status:

• 16457, 922, EOG, C & B 1-31H, Parshall, went inactive 1/15; back on status of 9/15; t5/07; cum 434K 12/14; 
• 16997, 1,520, EOG, Van Hook 1-13H, t6/08; cum 579K 9/15; placed on inactive status in 4/13; appears to be pumping again in 7/13; producing as of 7/13; again, off-line, 10/14; again, off-line as of 11/14; back on status as of 9/15; 
• 17092, 3,027, Behr 11-34H, Sanish; s4/08; produced 500,725 bbls in 591 days; inactive Jan/Feb 2015; now back on status 3/15; 1.03 million 9/15;

According to the NDIC, these wells are still flowing freely (no pump):

• 17158, 4,184, Whiting, LL, Richardson Federal 11-9H, Sanish, t10/08; F; cum 895K 9/15; 
• 17147, 2,101, XTO, Boucher 41X-21, Hofflund, t4/09; F; cum 700K 9/15;

According to the NDIC, this well is still on active status but it was on-line for only five (5) days in August, 2015, and only one (1) day in September, 2015, and produced no oil last month:

• 17287, 1,137, EOG, Austin 22-31H, Parshall, t10/08, cum 861K 9/15;

We now know why this well was taken off-line:

• 18193, IA/1,666, OXY USA, Martin 34-31H, t10/09; cum 320K 3/15; not much production since May, 2014; is off-line; inactive; a sundry form dated 3/31/14 says that 12.28 tons of contaminated soil was removed; another well is being added to the pad; the existing tank batter and berm will be removed to ensure adequate cleanup and a new lined dike will be installed to accomodate the dual well pad;

This well is waiting to be re-drilled according to a sundry form from 2014; this well has never been on a pump:

• 18408, IA/1,945,  Amber Renee 25-36H, Sanish; one mile to the west of the Chandler James; t2/10; F ; 822K 8/14 -- 661K in about two years; no pump; still 9K/month 1/13; IA 1/14; still inactive 7/15; the most recent sundry form shows this well is scheduled to be "re-drilled";

Every Picture Tells A Story, Rod Stewart