The Number Of Bakken Wells Producing Over 30,000 Bbls/Month Continues To Increase -- October 14, 2017

A reader sent this note (slightly edited) regarding North Dakota Bakken production in August, 2017:

Based on the monthly production in the general statistics section of the NDIC O&G web page, these observations:

There were 66 wells in August that produced over 30,000 bbls of oil in the month. 

In August the top three wells were by Marathon; the next 3 by EOG. Marathon didn’t used to be known for high production rates from their wells as I recall? I don’t know how these wells compare to wells in other basins but these look pretty amazing.

I listened to the 8-9-17 conference call with CLR and they were pretty upbeat about the Bakken it seemed to me. They were very happy with the new enhanced completion techniques they were using. I think they said for one thing with the new technology they may have to revisit the proper spacing on the wells.

I think they are getting a lot more results close to the well bore and the frac jobs are not penetrating as deep. Seems that would be reflected in the halo affect? And they also suggested the area they consider to be core is growing with these better rates and all of their property will benefit from enhanced completion techniques and make those areas profitable at prices lower than previously thought.

See this post, also. 

I think the comment regarding infill density is the most interesting. Stay tuned.