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;
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|
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 14-154-91So, how did that well do?
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?
- 18409, 2,404, Kinnoin 21-14H, Sanish, NENW 14-154-91, Sanish, open hole, 2 million lbs sand, t3/10; cum 574K 7/15;