Follow-Up: Some Great Whiting Wells Are Being Taken Off-Line In The Bakken-- October 13, 2016

On October 3, 2016, I made this observation: some great Whiting wells are being taken off-line.

So, what did the monthly production report out of North Dakota show?

First, look at the screen shot of Twin Valley oil field, pretty much "owned" by Whiting where they have some of their best best wells and some of their record-setting wells. Note all the wells that have been shut in and/or report zero bbls of production in the month of August:

Now, how did that compare from the previous month, and how did that compare to other top fields with a decrease in production?

In this screenshot, the wells are ranked in order based on the last column: production decrease month-over-month, August production per well vs July production per well. Note that in most cases, the number of wells remained constant. In Twin Valley, the number of wells did not change (18) but sixteen of them were shut in or had no production whatsoever; all sixteen of these wells were Whiting wells.

Field	July 2016 Production	July Wells	July Oil/Well/Month	Percent Change June-to-July	August 2016 Production	August Wells	AugustOil/Well/Month	Percent Change July -to-August
Twin Valley	43,812	18	2,434		4,223	18	235	-90.36%
Jim Creek	137,007	53	2,585		100,235	53	1,891	-26.84%
Elm Tree	133,359	31	4,302	-0.71%	98,243	31	3,169	-26.33%
Bell	241,077	67	3,598		179,319	67	2,676	-25.62%
North Tobacco Garden	113,281	44	2,575		85,853	43	1,997	-22.45%
Oakdale	64,362	24	2,682		51,476	24	2,145	-20.02%
Camp	589,582	132	4,467	16.57%	490,751	137	3,582	-19.80%
Park	61,906	36	1,720		52,328	36	1,454	-15.47%
Crazy Man Creek	191,066	44	4,342	-9.69%	162,043	44	3,683	-15.19%
Alkali Creek	483,117	141	3,426		417,891	143	2,922	-14.71%
Pembroke	91,290	52	1,756		77,874	52	1,498	-14.70%
Charlson	315,499	107	2,949		269,200	107	2,516	-14.67%
Clarks Creek	110,775	37	2,994		97,270	37	2,629	-12.19%
Grail	1,031,304	178	5,794	6.08%	907,322	178	5,097	-12.02%
Van Hook	541,306	181	2,991		487,636	185	2,636	-11.86%
Alger	732,454	312	2,348		648,600	312	2,079	-11.45%

In Twin Valley, the number of wells remained constant but all of them, except two BR wells, were either shut in or reported no production. They were Whiting wells.