Around The Bakken -- December 17, 2018

EOG's huge Skaar well on the far east side of the Parshall oil field has been updated with full production profile provide. This is a very short lateral, and has produced over 800,000 bbls of crude oil in about ten years. It has also produced 75,000 boe natural gas in that same time period. Natural gas production is increasing, as expected as the well grows older. 

CLR's Pittsburgh wells have been updated. All wells are now completed or on drl status. These are huge wells.

Equinor's Vachal wells have been updated.  These are huge wells and most of the wells show a jump in production after neighboring wells have been fracked.

WPX Mandaree wells in Reunion Bay, section 30-150-93, have been updated. These are huge wells. Two wells were particularly huge. #28983 was drilled three years ago; has produced almost 700,000 bbls of oil:

• 19603, 332, WPX, Mandaree 30-31H, Reunion Bay, t5/11; cum 542K 10/18; ***
• 28983, 2,222, WPX, Mandaree 24-13HD, Spotted Horn, t9/15; cum 689K 10/18; ***

The BR Veeder wells in Blue Buttes have been updated. Some of the Veeder wells have produced over 300,000 bbls in one year:

• 32909, 441, BR, Lillibridge 3B UTFH, Blue Buttes, t9/17; cum 311K 10/18;
• 32910, 555, BR, Lillibridge 3C MBH, Blue Buttes, t9/17; cum 358K 10/18;
• 32911, 524, BR, Lillibridge 3D UTFH, Blue Buttes, t9/17; cum 268K 10/18;
• 32912, 413, BR, Lillibridge-Veeder 3E-MBH-ULW, Blue Buttes, t8/17; cum 327K 10/18;

How does one even begin to calculate break even costs on these wells? Example. Look at the production profile of this well, drilled back in 2011, and not re-fracked, and yet in September, 2017, it was essentially a new well with incredible production; goes from a well producing 1,000 bbls/month to a well producing 12,000 bbls/month, and not re-fracked, according to FracFocus data:

• 19288, 984, BR, Veeder 14-24H, Blue Butte, t4/11; cum 229K 10/18; recent production profile:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2018	7	238	0	45	204	187	0
BAKKEN	9-2018	1	3	0	0	19	19	0
BAKKEN	8-2018	1	2	488	0	2	0	0
BAKKEN	7-2018	29	1634	1515	465	1794	1722	0
BAKKEN	6-2018	30	3516	3771	1200	4033	3959	0
BAKKEN	5-2018	31	4284	4066	1395	5015	4938	0
BAKKEN	4-2018	30	5306	5323	1580	6480	6406	0
BAKKEN	3-2018	31	7371	7763	1640	9241	9164	0
BAKKEN	2-2018	28	9560	8695	1418	10626	10556	0
BAKKEN	1-2018	31	11862	12420	2291	14771	14694	0
BAKKEN	12-2017	30	14188	13601	2457	16155	16081	0
BAKKEN	11-2017	30	11695	12466	2346	14173	14099	0
BAKKEN	10-2017	30	4488	4009	1699	3667	3593	0
BAKKEN	9-2017	30	4936	5294	2298	3897	3823	0
BAKKEN	8-2017	3	784	581	559	294	287	0
BAKKEN	7-2017	0	0	0	0	0	0	0
BAKKEN	6-2017	23	96	558	433	1225	1168	0
BAKKEN	5-2017	31	1571	1412	690	1873	1796	0
BAKKEN	4-2017	30	1214	1095	826	1846	1772	0
BAKKEN	3-2017	31	1175	1082	936	1200	1196	0
BAKKEN	2-2017	14	405	0	443	189	187	0
BAKKEN	1-2017	10	222	1144	126	239	238	0
BAKKEN	12-2016	31	875	0	501	1016	1012	0
BAKKEN	11-2016	30	835	1137	505	986	982	0