Wednesday, June 6, 2018

Learning More About The Bakken -- The Syracuse / Chicago Wells -- June 6, 2018

Disclaimer: I do these quickly and I may misread file numbers and misread the NDIC map, but I'm pretty sure I have this update and other updates on the blog correct.

Disclaimer: never make any decisions about Bakken investments based on what you read here. If this is important to you, go to the source.

Through a bit of serendipity, I learned a bit more about the Bakken which raises some questions regarding my thoughts about the jump in production in wells neighboring newly fracked wells. Having said that, in the big scheme of things, it does not matter to someone who participates in mineral rights royalties why an increase in production occurs. The purpose of the blog is not investment, per se, but rather, to better understand the Bakken. So, I'm still learning.

22375, about 700 feet to the east of #31068, API for #22375 is 33-053-03972. FracFocus suggests that this well was not re-fracked despite the jump in production from 15,00 bbls/month to 13,000 bbls/month.
  • 22375, 814, CLR, Chicago 2-26H, Banks, t6/12; cum 245K 4/18; 
Recent Production Data:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-201821306130714678420722261981
BAKKEN3-201830559654338053940180771324
BAKKEN2-20182140284126678464716336135
BAKKEN1-20183112758128321719625544243121232
BAKKEN12-2017148453805210373128471277077
BAKKEN11-20170000000
BAKKEN10-20170000000
BAKKEN9-201716534755307103110310
BAKKEN8-20173115201640810305530550
BAKKEN7-201731143513208322828276860

23610, about 1,300 feet to the west of #31068.
  • 23610, 731, CLR, Akron 2-27AH, Banks, t5/13; cum 282K 4/18; 
Recent Production Data:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20183028422893183651914486240
BAKKEN3-201831314130632160596354990
BAKKEN2-201828319833982042559951650
BAKKEN1-20183141464187268460815330270
BAKKEN12-201721253019142465328129610
BAKKEN11-20170000000
BAKKEN10-20170000000
BAKKEN9-2017177921175445232921250
BAKKEN8-20173119662039104655644948135
BAKKEN7-201731200917101112568252010
BAKKEN6-201730204920441060559551300

Original Post
Another CLR Syracuse well comes off confidential list today:
  • 30168, 2,107, CLR, Syracuse 7-23H, Banks, another huge Banks well for CLR; 140K in first four months, 4 sections; TD = 21,542 feet; 45 stages; 8.1 million lbs, 100-mesh; large/medium sand, plug & perf; t1/18; cum 144K 4/18; 
Monthly Production Data:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-201830289622857013908806393519445445
BAKKEN3-201831318443186313120650905095914131
BAKKEN2-20182836006358461395061898586353263
BAKKEN1-201830440784406620186753595428721072
BAKKEN12-2017627742492555499304993

The Syracuse / Chicago wells are tracked here, but I have not updated that page in awhile.

Current view of the Syracuse / Chicago well area. Compare with previous screenshots taken earlier at the link above.

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