Sunday, October 16, 2016

Bakken Update: 30 Of The Best US Oil Wells Show Why Operators Can Compete Internationally -- Mike Filloon

Over at SeekingAlpha.

Summary:
  • The best unconventional wells in the US continue to get better, with some locations producing over 60,000 bbls of oil in the first month
  • Shale production has pushed the US closer to energy self-sufficiency, and has tipped the balance of world oil markets
  • Operators continue to produce play best type wells through enhanced well designs or mega-frac's, and we expect these types of results to continue going forward
  • Improving shale economics have made it competitive on an international level, as production from deep water is losing out on operator cap ex.
One well he singles out in the Bakken is:
  • 28717, 3,638, Whiting, P Johnson 153-98-1-6-7-16HA, Traux, 35 stages, 6.8 million lbs, t8/15; cum 288K 8/16;
Production profile:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-2016319841967460543181431401320
BAKKEN7-201631107351077164993489234647152
BAKKEN6-2016301175512246700539815373802345
BAKKEN5-201631128961251872853491834273552
BAKKEN4-201630137731368775163691436405419
BAKKEN3-2016311616516452862241274375553626
BAKKEN2-2016291781317753973741886364445355
BAKKEN1-201631226852261811879477601795929708
BAKKEN12-201531278682791915933546152177332749
BAKKEN11-201530364013621218313683983094737361
BAKKEN10-201531418344216823643537341227441367
BAKKEN9-2015304108740949369505769354057066
BAKKEN8-2015924806243132822763336063310
 

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