Wednesday, January 16, 2019

Idle Rambling -- Bruin -- Antelope-Sanish -- January 16, 2019

This post will not be updated. Wells mentioned on this page will be tracked elsewhere.

Bruin E&P Operating, LLC, which acquired HRC (Halcon) some time ago (see Bakken operators at the tabs above) is really, really exciting. Something is clearly going on.

I've been updating IPs and cumulative production numbers for wells completed in the last couple of years and there is a huge gap between what "went before" and what Bruin is doing now with their Fort Berthold Antelope-Sanish wells. A long, long time ago, Lynn Helms said that Three Forks wells would be better than middle Bakken wells and Bruin certainly seems to be proving the case.

As for cost: if Bruin is doing what EOG is doing, it is all the more remarkable. According to EOG, it cost them upwards of $10 million to drill/complete a Bakken well in 2012; now, it is costing EOG less than $5 million to bring a Bakken well to production. There are, of course, all kinds of ways to figure the costs, so I'm always wary of these numbers, but, for reasons discussed at length in earlier posts, it is very, very clear that costs in the Bakken for operators have come way down.

Today, as an example of what Bruin has been and will be reporting, this well comes off the confidential list today:
  • 31777, conf, Bruin, Fort Berthold 151-94-26B-35-11H, Antelope-Sanish:
DateOil RunsMCF Sold

It's hard to believe, but Bruin has reported even better wells than this one in the same oil field.

This is what the immediate area looks like today:

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