Sunday, October 21, 2018

Sunday Morning Coming Down -- October 21, 2018

Oilfield service companies bet on full recovery: link here at oilprice.com.

Frackers bed on new terminals to boost oil exports: link at WSJ.

A shout-out to the roughnecks:  wells that have recently gone over 500K
  • 18615, 480, CLR, Jorgenson Federal 44-9H, Haystack Butte, 28 stages; 2 million lbs, t7/10; cum 501K 8/18;
  • 17019, 732, EOG, Wayzetta 10-32H, Parshall, t6/09; cum 533K 8/18;
  • 17253, 2,045, Whiting, Nesheim 1-24H, Sanish, t9/18; cum 524K 8/18;
About to go over 500K:
  • 17475, 732, EOG, Austin 11-01H, Parshall, t7/09; cum 495K 8/18;
And this well recently went over 1 million bbls:
  • 17120, 2,051, EOG, Austin 10-34H, Parshall, t8/08; cum 1,006,094 bbls 8/18; initial production, ten years ago -- 
BAKKEN11-200830306693134859513914013764
BAKKEN10-200831379573803176917190017035
BAKKEN9-2008304408744633119520448020303
BAKKEN8-2008184514342759852421676021587

For newbies, the life-cycle of a Bakken well: drill, frack, re-work, re-frack, re-peat:
  • 17449, 1,075 / 128, MRO, Charchenko 14-21H, Murphy Creek, t2/09; cum 205K 8/18;
    • January 9, 2009, half-millions lbs of sand, open-hole frack, 128
  • so, let's do it again
    • only significant cost: another small - medium re-frack; think about that;
    • March 08, 2017: sundry form, plan to re-frack;
    • 7/13/17: re-frack; 45 stages; 4.5 million lbs; 1,075; production after re-frack:
BAKKEN12-201731917191881140069485483301
BAKKEN11-201730132861351616891100868257233
BAKKEN10-2017312023420098321081569192264118
BAKKEN9-201725914491842125074232566072
BAKKEN8-20171156835220225744384403336
BAKKEN7-20170000000
BAKKEN6-20170000000
BAKKEN5-20170000000
BAKKEN4-20170000000
BAKKEN3-201730186200201
BAKKEN2-20172835745711144122719
BAKKEN1-20173143947912152625538

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