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Tuesday, April 10, 2018

Bakken 2.5: Evolution Of Completion Strategies -- April 10, 2018

I just posted this earlier, but it is important enough, for archival purposes, to get its own stand-alone post.

This data will not be updated. I track the Monroe wells elsewhere. This is huge, huge news. Look at these wells (commentary follows):

  • 22891, IA/947, CLR, Monroe 1-2H, 35 stages,  3.3 million lbs, t8/12; cum 296K 10/16;
  • 30253, 3,225, CLR, Monroe 6-2H, Banks, 4 sections, a huge well; first two full months, 50K+; 150K in first three months; from a November 4, 2016, sundry form -- "CLR .... requests a waiver to plug and reclaim an abandoned well ... the well will be completed once commodity prices improve ..." Spud August 15, 2015; reached KOP on August 18, 2015; KOP curve drilled in 36 hours; wellbore landed 18' into the middle Bakken; the rig was then skid over to the Monroe 7-2H; background gas averaged 600 units; a high formation gas of 1106 units was observed when traversing the upper Bakken shale; the 13,537' long lateral began drilling on October 17, 2015; reached TD on October 23, 2015; 78 stages; 11 million lbs; "... plug & perf completion; 15% 100-mesh & 85% (40/70) natural white sand; t10/17; cum 243K 2/18;
  • 30251, 2,313, CLR, Monroe 7-2H, Banks, 4 sections, 78 stages; 16.6 million lbs, unspecified mix of mesh and 40/70, a huge well; two of first three months, close to 50K+/month; about 130K first three months; t10/17; cum 200K 2/18;
  • 30254, 1,302, CLR, Monroe 8-2H, Banks, 4 sections, 53 stages; 10.7 million lbs, 28% mesh/72% 40/70; t1/18; cum 15K 2/18;
  • 30252, 1,823, CLR, Monroe 9-2H, Banks, 4 sections, 53 stages; 16.2 million lbs; 19% mesh & 81% 40/70; t1/18; cum 30K 2/18;
  • 33098, SI/NC, -->1,858, CLR, Monroe 10-2H1, Banks, 4 sections, Three Forks B1, 82 stages; 10.6 million lbs; "plug and perf completion; pump 25% 100-mesh & 75% (40/70) natural white sand, started off slow, but 45K in fifth month; t10/17; cum 101K 2/18;
  • 33097, 1,594, CLR, Monroe 11-2H1, Banks, 4 sections, Three Forks B1; 82 stages; 16.5 million lbs; "... 12 toe stages with ball & sleeve then 70 stages utilizing plug & perf with unspecified mix of mesh and 40/70 sand, t10/17; cum 72K 2/18;
Commentary, for newbies:
  • Bakken 1.0: began in the summer of 2007; it was originally tagged "Bakken101" and I continue to use the "Bakken101" tag 
  • Bakken 2.0: October 19, 2016
  • Bakken 2.5: April 10, 2018 -- correlates/corresponds with CLR's new completion strategies; North Dakota crude oil production to set new records; increased focus on the Permian vs the Bakken
  • CLR's new completion strategies:
  • still being worked out
  • the amount of sand/number of stages individualized not only for a specific formation (middle Bakken, Three Forks B1, Three Forks B2) but also for each individual well
  • my hunch is that the amount of sand -- not necessarily the number of stages -- also factors in "halo" effect of neighboring wells
  • note reference to "toe stages" in #33097 above; wow, we must have talked about "toe stages" six years ago in the blog; now we're seeing operators talk about it in their completion strategies; interesting
  • CLR is also helping readers like me out by breaking down the percentage of mesh/type of sand/ceramic used in each frack; this is much appreciated; it's a big help for their geologists and for the CEO and board of directors; Mike Filloon should love it
  • if others see something else in CLR's completion strategies, please let me know

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