Something For The Saudis To Talk About In Houston Today -- February 23, 2016

The will give the Saudis something to talk about today in Houston:

• 28717, 3,638, Whiting, P Johnson 153-98-1-6-7-16HA, Truax, 1280-acre spacing, 35 stages, 6.8 million lbs, t8/15; cum 172K 12/15

Talking points:

• IP: 3,638
• Cumulative: in less than four months -- 172,000 bbls of oil plus some natural gas
• Drilling time: about 16 days, start to finish, May 6 - 22, 2015; during the Saudi Surge
• Completion: only 35 stages; if oil gets back to $60/bbl, they can do a lot more stages
• Pool: middle Bakken and Lynn Helms says the Three Forks is even better in some areas
• a two-well pad: the second well is going to be just as good (that data is posted below the #28717 data)
• this area is almost devoid of much drilling; there is so much more drilling to be done in this area
• continuing to drill when Bakken oil is selling for $16/bbl; how low does Saudi need to go to stop drilling in the Bakken?

NDIC File No: 28717     API No: 33-105-03589-00-00     CTB No: 128717
Well Type: OG     Well Status: A     Status Date: 8/23/2015     Wellbore type: Horizontal
Location: LOT1 6-153-98         Latitude: 48.109935     Longitude: -103.327125
Current Operator: WHITING OIL AND GAS CORPORATION
Current Well Name: P JOHNSON 153-98-1-6-7-16HA
Elevation(s): 2219 KB   2194 GR   2202 GL     Total Depth: 20656     Field: TRUAX
Spud Date(s):  5/6/2015
Completion Data
   Pool: BAKKEN     Perfs: 11541-20534     Comp: 8/23/2015     Status: F     Date: 8/31/2015     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 171996     Cum MCF Gas: 297776     Cum Water: 123826
Production Test Data
   IP Test Date: 8/31/2015     Pool: BAKKEN     IP Oil: 3638     IP MCF: 8274     IP Water: 3523

Monthly Production Data

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2015	31	27868	27919	16126	54615	21773	32749
BAKKEN	11-2015	30	36401	36212	18880	68398	30947	37361
BAKKEN	10-2015	31	41834	42168	23643	53734	12274	41367
BAKKEN	9-2015	30	41087	40949	36950	57693	540	57066
BAKKEN	8-2015	9	24806	24313	28227	63336	0	63310

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On The Same Two-Well Pad

NDIC File No: 28715     API No: 33-105-03587-00-00     CTB No: 128715
Well Type: ON CONFIDENTIAL STATUS
Location: LOT1 6-153-98     Footages: 429 FNL 801 FEL     Latitude: 48.109934     Longitude: -103.327370
Current Operator: WHITING OIL AND GAS CORPORATION
Current Well Name: P JOHNSON 153-98-1-6-7-16H
    Field: TRUAX

Monthly Sales Data:

Date	Oil Runs	MCF Sold
12-2015	29915	21900
11-2015	39033	27757
10-2015	45139	18411
9-2015	44222	3440

This well was drilled during the same period, by the same rig, Pioneer Drilling #77, it appears: spud on May 7, 2015, and completed May 27, 2015; from the geologist's narrative summary. The conclusion said that the drillers "reached TD at 2300 hours on May 27, 2015, 10 days from spud." Maybe ten drilling days. Gas units as high 9,270 units. Fracking report yet to be reported. According to FracFocus it was fracked 8/9-21/2015 with 7,491,838 gallons of water, 89.58% of total proppant by weight, and sand, 10.08% of total proppant by weight

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The area under discussion, note how little drilling has actually been done here:

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By the way, #20857, a Three Forks well, was taken off-line during the time the wells above were fracked. One can debate whether there was a halo effect. If so, minimal:

• 20857, 358 (13 stages/500K lbs proppant/January 23, 2012)(a second sundry form shows a second frack, March 19, 2012, with an IP of 1,312, 23 stages and 1.2 million lbs sand), Whiting, Pankowski 4-6H, Three Forks, 23 stages, 1.2 million lbs, t2/12; cum 178K 12/15:

Monthly Production Data

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2015	31	4146	4338	8971	6522	5343	1087
BAKKEN	11-2015	30	1648	1569	8094	2196	2033	79
BAKKEN	10-2015	16	1323	1326	5505	2189	2071	73
BAKKEN	9-2015	0	0	0	0	0	0	0
BAKKEN	8-2015	0	0	0	0	0	0	0
BAKKEN	7-2015	5	441	453	230	818	804	0
BAKKEN	6-2015	30	2690	2749	1714	4574	3083	1401
BAKKEN	5-2015	30	2911	2986	1887	4335	3425	822
BAKKEN	4-2015	30	2439	2444	3378	3167	2947	130