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Friday, July 13, 2018

Random Update Of An Incredible Re-Fracked MRO Well -- July 13, 2018 -- A Brand New Well For "Free"

A reader alerted me to this one. I had posted this one back in January, 2018, and then forgot about it.

For newbies, two things:
  • this shows us what the Bakken is capable of; and,
  • remember all those stories (including from EOG's former CEO) that "they" are running out of drilling locations in the Bakken; these re-fracks are just the beginning, the tip of the iceberg; there are tens of thousands of Bakken wells that need to be re-fracked -- and, oh, by the way, go after additional pay zones below the middle Bakken
For everyone: think of the costs associated with a well when it is drilled for the first time -- up-front leases; pad creation; infrastructure; drilling to depth; huge amount of water/sand for the initial frack ... now compare that with a re-frack: no new lease; no new pad creation; minimal additional infrastructure; no new drilling to depth; and, look at the small amount of sand in this re-frack -- only 5.5 million lbs -- about half what is usually used in the initial frack these days -- essentially a "free" well...

Disclaimer: I am inappropriately exuberant about the Bakken.

Here's the well:
  • 16964, 315, MRO, Voigt 11-15H, Bailey, t5/08; cum 203K 11/17; re-fracked 8/17; re-frack with 45 stages; 5.5 million lbs; now, look at the cumulative: cum 315K 5/18 -- went from 203K to 315K in less than six months -- and, oh, by the way, this is an OLD well -- so much for "Peak Oil" -- and the "Red Queen" ---

Sorry for the interruption. Here's the updated production for this well after the re-frack:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-201831129531303910748902667531266
BAKKEN4-2018301664816633153901213060744097
BAKKEN3-2018312080720900218661273359154409
BAKKEN2-2018282259022465251761367672803814
BAKKEN1-20183126722267043313617924135201364
BAKKEN12-201727143711436918379833922724386
BAKKEN11-20173017493173452132795615057006
BAKKEN10-201722286832872755416075012881
BAKKEN9-20170000000
BAKKEN8-20170000000
BAKKEN7-20170000000
BAKKEN6-20170000000
BAKKEN5-2017589641058040
BAKKEN4-2017306616631485410292
BAKKEN3-201731691677149607135214

Some mineral owners are getting some nice mailbox money.

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