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Sunday, November 25, 2018

Production By Association -- Wiley And Bailey -- November 25, 2018

The graphic:


Let's take a look at two wells: #17742 and #17770.


The well:
  • 17770, 406, CLR, Bailey 1-24H, 33-053-02964, Pershing, t4/10; cum 186K 9/18; recent production data --
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20180000000
BAKKEN8-201822281527526617499312583465
BAKKEN7-201828560561291601291287688003
BAKKEN6-20182570996929154301296884624224
BAKKEN5-20182882808437222991677216342430
BAKKEN4-201813273621891164848464575271
BAKKEN3-20180000000
BAKKEN2-20180000000
BAKKEN1-20180000000
BAKKEN12-201714359486735865860
BAKKEN11-2017308318533571509147534
BAKKEN10-20173189196029217381578160

The well:
  • 17742, 668, CLR, Wiley 1-25H, 33-053-02958, Pershing, t6/09; cum 176K 9/18, recent production -- 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20183036343586441762235023797
BAKKEN8-20182323352410335043266483397
BAKKEN7-201814331329725143560605420
BAKKEN6-20180000000
BAKKEN5-20180000000
BAKKEN4-20180000000
BAKKEN3-20180000000
BAKKEN2-20180000000
BAKKEN1-20180000000
BAKKEN12-201714319500755805800
BAKKEN11-201730785863255143414340
BAKKEN10-20173199889832815921479113
BAKKEN9-201730336255154264215
BAKKEN8-201731650750175134913490

By the way, similar production profiles for #19934, #19936, #19933, and #19935. Worth repeating:

Someone recently said that they could quit drilling new wells in the Bakken for a year or so, simply complete the DUCs and return inactive wells to production, and North Dakota would continue to maintain production at current levels. The example above supports that view.

Whatever happened to all that talk about the Red Queen?

I also remember all that hand-wringing by mineral owners upset that oil companies were going to be drilling new wells near their wells that were already producing.

Something tells me there is still a lot to learn about tight oil, unconventional oil, the Bakken. 
 

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