Random Update Of A Very Old EOG Well In Parshall Oil Field -- June 5, 2018

This page will not be updated.

Let's take a look at the very first well I ever posted at "new wells reporting." Appropriately, it was an EOG well in the Parshall oil field:

• 17972, 1,695, EOG, Parshall 15-31H (1 sec), Parshall; t8/09; cum 392K 4/18; jump in production 7/13; off-line as of 2/17; back on-line as of 5/17; small jump in production 5/17;

The meme that Wall Street has is that the Bakken wells have a high rate of decline, and by extension, have a short life time. So how is this well doing? Some observations:

• a short lateral, only 14,484 feet
• steep decline (as expected)
• declined to 3,000 bbls/month by mid-2013, and then, without a re-frack, had a jump in production to over 8,000 bbls/month
• then declined again, to 2,000 bbls, and then 1,000 bbls / month by early 2017
• then, again, without a re-frack, jumped again, for a short period of time to 4,000 bbls/month
• currently at 1,500 bbls / month