Reason #3 Why I Love To Blog -- February 21, 2018

On December 22, 2017, I stumbled across a spectacular MRO well. There was a method to my madness but at the end of the day it was still a surprise when I found it. Here's part of that post:

Why I love to blog and never get tired of the Bakken. I'm always surprised: I thought this was going to simply be a "same-old, same-old" post. And then, surprise, surprise. In addition to a "record" (or "near-record) IP being reported, look at this (down below): an existing well was re-fracked at the same time the DUC was completed. And it was a Marathon well. Marathon took the lead in a re-frack program and it looks they are trying something different. Wow, I simply love it. It seems every operator is "bringing something different to the Bakken table."

*************************************

The DUC

Reported today, this DUC:

• 32888, 6,278, MRO, Forsman USA 44-22H, Antelope, Sanish, 45 stages; 15 million lbs, t12/17; cum --

That's a huge IP for oil; 6,278. It may be a record IP for crude oil alone (see below). For BOE, is it a record?

• IP oil: 6,278 (oil only; this may be a Bakken record)
• IP mcf: 6,989 = 1,164 boe
• IP total boe: 7,442 boepd

So, nope it's not a record but it's certainly very close. Note: I have not captured every IP of every well in the Bakken so I may have missed the record well, but does it really matter? Whether this well set a record or not, it's a huge well. See graphic below for the location of this well.

**********************************

In fact, according to the company, it did set a record for the Bakken: it set the 30-day IP record for a Bakken well according to its operator, MRO, in its 4Q17 earnings call, slide 15 of 32.

The production data:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	12-2017	31	80868	79866	12403	102879	13858	80117

• 30 days oil: 78,259 bbls = 2,608/day for 30 days
• 30 days mcf: 99,560 mcf = 16,593 boe
• 30-day IP total boe: 94,852 boe

According to the slide, the company reported a 30-day crude oil IP of 3,005 bopd (not boepd). So perhaps there is more data yet to come.

Disclaimer: I often make simple arithmetic errors. In addition, I did this quickly; have not rechecked the numbers. If this is important to you, go to the source.