Saturday, May 21, 2016

EOG With Three New Permits In The Parshall -- Snapshot -- May 21, 2016

EOG has new permits for a 3-well pad in the Parshall per the May 20, 2016, daily activity report, as seen below:





Production data regarding the single well in that section:
  • 17075, 2,310, EOG, Austin 9-11H, Parshall, a single section lateral, 640-acre spacing, t6/08; cum 680K 3/16; only 9 days in 3/16; 
Austin wells are tracked here:
Significant events for #17075:
  • ESP placed June, 2014
  • connected to the LACT meter, January, 2009
  • flowing to pump in December, 2008
  • open hole frack, 2 million lbs sand
  • spud: 1:00 a.m., 04/12/08
  • cease drilling at 14,506 feet: 05/04/08; looks like about 16 days of actual drilling
Some things to consider:
  • this was a short lateral; some folks suggest that IPs and EURs should double with a 2-section horizontal compared to a short lateral; I do not know how accurate that assumption is
  • note: this short lateral has produced 680,000 bbls to date and has periods where it has produced much less than capable (see selected production intervals below).
  • this was an open hole frack using 2008 technology; only 2 million lbs sand
  • EOG is now using upwards of 10 million lbs of sand (and sometimes much more) in long laterals
Selected production intervals (oldest to most recent):

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

First full year:

BAKKEN5-2009312531825190619940792570
BAKKEN4-20092920834208344986707655414
BAKKEN3-20093126456264596838781860125
BAKKEN2-20092824767247875978117791760
BAKKEN1-200931294073163284245263445930
BAKKEN12-200818177961718555848744623163
BAKKEN11-200819139141437667721041380631
BAKKEN10-2008312521724840537635226193578
BAKKEN9-2008302828028576676108032510629
BAKKEN8-200831363293576389813816013661
BAKKEN7-2008314459345558157216810016657
BAKKEN6-2008102715124538680410216010166

Three years later, calendar year 2011:

BAKKEN12-20112953705412159517050250
BAKKEN11-20113053565353154487447240
BAKKEN10-2011315722572515047114414143
BAKKEN9-20113058245824154491447650
BAKKEN8-20113162606391162514649910
BAKKEN7-2011316364623616248124526132
BAKKEN6-201130620562051554353413271
BAKKEN5-201131651365171974185395872
BAKKEN4-2011306019601512734473196108
BAKKEN3-20113165817009142307029230
BAKKEN2-20111940363558137154314530
BAKKEN1-20111529163034146152014510

Full 12 months after Saudi Arabia announces surge: 

BAKKEN9-2015301463146457125110070
BAKKEN8-20153114641469501270689329
BAKKEN7-2015311562157665127298337
BAKKEN6-20153014551438153124295444
BAKKEN5-2015311820181156150512530
BAKKEN4-201530157715961741337105736
BAKKEN3-2015311973194680148312310
BAKKEN2-20152820672071122141311850
BAKKEN1-20151510841104396752506127
BAKKEN12-20140000000
BAKKEN11-2014205395254845293714
BAKKEN10-201431102210024010057469
 
Last three months:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-201695635401665214530
BAKKEN2-20162514721490851278104338
BAKKEN1-20163117331771701568129422

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