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:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2016	31	9841	9674	6054	31814	31401	320
BAKKEN	7-2016	31	10735	10771	6499	34892	34647	152
BAKKEN	6-2016	30	11755	12246	7005	39815	37380	2345
BAKKEN	5-2016	31	12896	12518	7285	34918	34273	552
BAKKEN	4-2016	30	13773	13687	7516	36914	36405	419
BAKKEN	3-2016	31	16165	16452	8622	41274	37555	3626
BAKKEN	2-2016	29	17813	17753	9737	41886	36444	5355
BAKKEN	1-2016	31	22685	22618	11879	47760	17959	29708
BAKKEN	12-2015	31	27868	27919	15933	54615	21773	32749
BAKKEN	11-2015	30	36401	36212	18313	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