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 -- 

BAKKEN	11-2008	30	30669	31348	595	13914	0	13764
BAKKEN	10-2008	31	37957	38031	769	17190	0	17035
BAKKEN	9-2008	30	44087	44633	1195	20448	0	20303
BAKKEN	8-2008	18	45143	42759	8524	21676	0	21587

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:

BAKKEN	12-2017	31	9171	9188	11400	6948	5483	301
BAKKEN	11-2017	30	13286	13516	16891	10086	8257	233
BAKKEN	10-2017	31	20234	20098	32108	15691	9226	4118
BAKKEN	9-2017	25	9144	9184	21250	7423	256	6072
BAKKEN	8-2017	11	5683	5220	2257	4438	440	3336
BAKKEN	7-2017	0	0	0	0	0	0	0
BAKKEN	6-2017	0	0	0	0	0	0	0
BAKKEN	5-2017	0	0	0	0	0	0	0
BAKKEN	4-2017	0	0	0	0	0	0	0
BAKKEN	3-2017	3	0	186	200	2	0	1
BAKKEN	2-2017	28	357	457	111	441	227	19
BAKKEN	1-2017	31	439	479	121	526	255	38