Thursday, June 28, 2018

A Reminder: CLR Sets A Bakken Record? -- June 28, 2018

A reminder to folks. Be ready to see the NDIC data on these wells; the data should be released any day now.

See this post: CLR sets a Bakken record?

Comment from a reader regarding those production numbers:
Those numbers come straight from the check stubs. Also of interest, the gross revenue on the two wells totaled about $9.95 million. This was before taxes and royalties, but it still shows that these wells will pay out for Continental after only a few months.
By the way, these are just the first two wells of almost a dozen that are going to be reported very, very soon. This will get the attention of the Saudis.

4 comments:

  1. Only access I have to allow me to see Mountain Gap 31-10H production For May shows a nice 17 day bump. File 17100. All other files in this 1280 appear confidential.

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    1. According to FracFocus, this well was re-fracked. See this post:
      http://themilliondollarway.blogspot.com/2018/06/mountain-gap-its-getting-exciting-in.html.

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  2. Similar to Bridger well in the next pasture over. Which supporting an amazing decline curve in my opinion. So I wonder after 10 years with more fluids through production removed from the formation than was added in the original frac does that rock relax and become more receptive to the second frac?

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    Replies
    1. I have no idea; my hunch there are multiple reasons.

      Something no one talks about: the chemical cocktail -- proprietary (confidential) and makes up about 1% of the total frack mix. This stuff is there to make the oil flow more easily through the pores, and perhaps to keep existing rock from sticking together. Over the years, the operators are refining this cocktail mix.

      Also, compared to the old, old fracks, the new fracks are using a whole lot more water/sand and pressure.

      Finally, and this is most interesting: microseismic fracks. The first frack drove alot of new cracks in the tight dolomite; now, a new frack would expand those cracks, I would assume.

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