This Is What The Bakken Is All About -- I Love This -- It Just Never Quits -- March 4, 2018

This is going to be interesting. Five QEP Otis wells come off the confidential list this week; all of them will be good wells; most of them will be great wells; some of them will be monster wells; and some will even be wells targeting the second bench of the Three Forks.

• 33480, conf, QEP, Otis 6-28-33BHD, Grail, a huge well; 46K in first full month;  
• 33478, conf, QEP, Otis 5-28-33BHD, Grail, a huge well; 45K in first full month;  
• 33477, conf, QEP, Otis 1-28-33T2HD, Grail, a nice well; 23 K in best month so far; 
• 33476, conf, QEP, Otis 28-33-32-29BHD, Grail, a nice well, but not great for the Grail; 30K in first full month;  
• 33479, conf, QEP, Otis 2-28-33T2HD, Grail, a very nice well; 27K in first full month; 

The question, naturally, is how did the older producing Otis wells do (and were any of them re-fracked)? The older Otis wells in question (note: only four years old and they have produced an average of 370K bbls of oil and they are going to be producing for 30+ years with multiple re-works; re-fracks; and have multiple owners over those 30 years providing jobs for many, many hard-working folks in austere and harsh conditions):

• 27702, 1,562, QEP, Otis 28-29-32-33LL, Grail, API - 33-053-05694; t7/14; cum 331K 1/18;
• 26850, 1,861, QEP, Otis 4-28-33BHR, Grail, API - 33-053--05424; t7/14; cum 410K 1/18;
• 26848, 1,530, QEP, Otis 3-28-33TH, Grail, API - 33-053-05422; t7/14; cum 333K 1/18; 
• 26847, 1,855, QEP, Otis 3-28-33BH, Grail, API - 33-053-05421; t7/14; cum 405K 1/18; 

Here are the results of those four wells:

27702: steady production; never taken off-line; no jump in production;

26847:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2018	31	9801	9789	3932	0	0	0
BAKKEN	12-2017	31	11965	11986	5024	30107	25875	3775
BAKKEN	11-2017	30	17000	16950	8824	36551	33255	2789
BAKKEN	10-2017	14	9525	9511	6163	15286	12134	2866
BAKKEN	9-2017	2	31	309	13	136	31	14
BAKKEN	8-2017	10	1550	1458	563	589	403	0
BAKKEN	7-2017	31	4330	4427	899	6812	5964	107
BAKKEN	6-2017	25	4250	4086	920	11233	10494	0
BAKKEN	5-2017	27	4379	4376	713	7493	6521	264

26850:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2018	31	7831	7819	6448	0	0	0
BAKKEN	12-2017	31	9198	9213	4771	23502	20139	2938
BAKKEN	11-2017	30	12905	12901	7510	28743	26109	2189
BAKKEN	10-2017	23	13316	13275	11415	21174	16674	3937
BAKKEN	9-2017	1	13	251	6	140	15	7
BAKKEN	8-2017	10	1323	1248	422	619	424	0
BAKKEN	7-2017	31	3784	3851	845	6698	5878	106
BAKKEN	6-2017	26	3472	3351	1003	10343	9606	0

26848:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2018	31	4026	4028	5847	0	0	0
BAKKEN	12-2017	31	5948	5955	7310	10323	8718	1272
BAKKEN	11-2017	30	7885	7844	9212	12385	11120	933
BAKKEN	10-2017	7	1182	1206	1928	1644	1233	291
BAKKEN	9-2017	3	24	226	17	209	30	13
BAKKEN	8-2017	10	1131	1077	382	574	374	0
BAKKEN	7-2017	31	3451	3510	896	5625	4781	86
BAKKEN	6-2017	26	3140	3006	921	9095	8393	0
BAKKEN	5-2017	27	2894	2883	889	5610	4759	193
BAKKEN	4-2017	24	2818	2839	638	5178	4481	61

More later, perhaps.

 

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Yes, I Know -- I'm Inappropriately Exuberant About The Bakken ...
... I Need More Self Control ...
... Especially At Night

Self Control, Laura Branigan