Monday, December 3, 2018

Random Look At Production From Bakken Wells Coming Off Confidential List Today -- December 3, 2018

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Random examples of incredible wells coming off confidential list today. For newbies, in the early days of the Bakken it was not uncommon to see monthly production immediately after fracks to peak at less than 7,000 bbls/month. Now, anything less than 25,000 bbls/month in the "core Bakken" following a frack is disappointing. In addition, it appears operators are "moderating" completion strategies, back to about 50 stages and 8 million lbs of proppant (10 million in the middle Bakken; maybe 6 million in the Three Forks; but amount of proppant continues to vary between 6 million lbs and 10 million lbs -- anecdotal, not statistically sound; others will disagree with me). Note one well with production that exceeded 50,000 bbls in one month; not common, but not exactly rare any more. I believe all of these wells produced more oil in less than four months than what we used to see in one or two years in the early days of the Bakken.

Disclaimer: I am inappropriately exuberant about the Bakken and there may be a bit of hyperbole in the previous paragraph.
  • 30543, 2,837, Bruin, Fort Berthold 151-94-26A-35-6H, Antelope-Sanish, a 50K+ well; t6/18; cum 172K 10/18; 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH10-201828262912619724211352841412518800
SANISH9-20181514907148412467615488110252704
SANISH8-201831327663282967328449542298519163
SANISH7-201831531875308281509759613442337497
SANISH6-201830447234440350258670783904924725
SANISH5-2018200114000
SANISH4-20180000000
  •  33242, 1,129, Oasis, Muri 5198 12-4 5B, Banks, 50 stages; 10 million lbs, t6/18; cum 157K 10/18;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-201831370763707933145885834363644761
BAKKEN9-201830321823187531751703943584234372
BAKKEN8-201831301483014833803653364026824882
BAKKEN7-20183132186321863249673583697343663
BAKKEN6-20182725323253232557153146450397945
BAKKEN5-20181275275184160401598
  • 33110, 1,720, CLR, Wiley 10-25H, Pershing, 51 stages; 8.2 million lbs; a huge well: t7/18; cum 132K 10/18;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-20183126531265281467247268428724159
BAKKEN9-20183032446324222138658301530005035
BAKKEN8-20183132176322342589556273523823650
BAKKEN7-20183138217380443067065401614503729
BAKKEN6-201841086108606630663
BAKKEN5-201839039031730652806528
  • 31264, SI/NC, Oasis, Kjorstad 5300 34-22 9B, Willow Creek, a huge well; t--; cum 98K 10/18;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-20183116338163892630529165289050
BAKKEN9-20183020775206962609328032277800
BAKKEN8-20182319542195552313221136209430
BAKKEN7-20183018598184222877720938188051881
BAKKEN6-2018302272822498443362562425013359

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