Have We Talked About Jack Yet? Jack 21-16 1H -- #21046? -- October 28, 2018

Production profile at this post.

At that link, scroll down the production profile and look at the jump in production at various times:

• production jumped after the first small re-frack in August, 2016
• production jumped again, and sustained a bit longer, one year later, in August, 2017

• Once you see the pad, it will make sense. In addition, the well was re-fracked, July 31, 2016 - 
• August 1, 2016: only 2.9 million gallons of water; and 94% water by weight (very little sand) -- FracFocus; sundry form -- an IP of 820 on the re-frack; 1.4 million lbs of sand and 12 stages; a very, very small frack.

The well:

• 21046, 2,264, Equinor/Statoil, Jack 21-16 1H, East Fork, 33-105-02260; t5/12; cum 342K 3/20;

For newbies:

• note the mix of middle Bakken wells and first bench of the Three Forks
• we haven't even started drilling the lower benches of the Three Forks fro this pad yet
• note the completion strategy Equinor is using; re-fracking parent wells with small amounts of water/proppant at same time daughter wells are being fracked with optimized completions
• it appears some fields may be better for re-fracks than other fields; the jury is still out
• it appears some fields may be better for parent wells than other fields when daughter wells are fracked; the jury is still out;

For newbies: another chapter in the life-history of the Bakken wells that will produce for 35 years. These are the metrics that are important:

• how fast the well pays for itself -- in the Bakken, improving over time
• the EUR -- it turns out that the EUR is not static
• primary production as a percent of original oil in place (OOIP) -- it turns out that this is not static
• decline rates -- in the Bakken, improving over time
• operator's management of the asset
• impact of neighboring wells

The graphics: 

Other wells in the lower graphic:

• 21045, 3,205, Equinor/Statoil, Ruth 28-33 1H, East Fork,33-105-02259, re-fracked 8/1/16, 12 stages, 1.5 million lbs, IP of 1,226, t4/12; cum 362K 3/20; very small re-frack for huge return; see below

• 30427, 1,778, Equinor, Ruth 28-33 4TFH, East Fork, t11/16; cum 142K 3/20; just went off line 6/19; intermittent production; back on line 3/20 for 8 days;
• 30429, 1,770, Equinor, Ruth 28-33 2TFH, East Fork, t11/16; cum 157K 3/20;
• 30431, 3,256, Equinor, Ruth 28-33 3H, East Fork, t11/16; cum 304K 3/20;
• 30428, 1,653, Equinor, Jack 21-16 3TFH, East Fork, t11/16; cum 149K 3/20;
• 30430, 1,438, Equinor, Jack 21-16 8TFH, East Fork, t11/16; cum 155K 3/20;
• 30432, 2,563, Equinor, Jack 21-16 2H, East Fork, t11/16; cum 277K 3/20;

21045: after the very, very small re-frack in August, 2016, this well produced 55,000 bbls of crude oil over the next 18 months and was off-line much of that time; at $50/bbl = $2.8 million. 

BAKKEN	12-2017	19	2833	3118	5955	1983	1682	182
BAKKEN	11-2017	30	7180	6869	12984	7441	5755	1403
BAKKEN	10-2017	31	5851	5767	12216	4848	4509	133
BAKKEN	9-2017	28	3388	3374	10306	3107	2923	41
BAKKEN	8-2017	31	4686	4563	13667	3822	3653	1
BAKKEN	7-2017	0	0	0	0	0	0	0
BAKKEN	6-2017	0	0	3	0	0	0	0
BAKKEN	5-2017	31	93	91	1	59	54	3
BAKKEN	4-2017	2	13	381	36	0	0	0
BAKKEN	3-2017	6	2535	2464	7103	3914	3457	303
BAKKEN	2-2017	25	9934	9864	26914	10431	9652	342
BAKKEN	1-2017	31	11713	11892	32910	12893	11505	815
BAKKEN	12-2016	13	5313	4906	22394	5923	5040	603
BAKKEN	11-2016	30	0	314	0	0	0	0
BAKKEN	10-2016	4	2810	2496	17576	3051	1862	887
BAKKEN	9-2016	30	0	0	0	0	0	0
BAKKEN	8-2016	0	0	0	0	0	0	0