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Thursday, January 3, 2019

Random Update Of A Re-Fracked MRO Well -- January 3, 2019

Later, March 11, 2019, this this post also

This page will not be updated. [Memo to self: in a couple of months, look at #16686 and look at the NDIC map.]

From an earlier note:
  • November 27, 2018: #17568, neighboring MRO wells in Reunion Bay fracked;
  • 17568, 539, MRO, Charles Shobe - USA 44-19H, Reunion Bay, t2/09; cum 275K 11/18;
So, let's see what #17568 is doing. Remember, this well was first drilled/completed back in 2009. See this note for my comments regarding the Bakken

So, what's recent production for #17568, a well that is nine years old? By conventional rules, Hubbert peak oil theory the production from this well should continue to decline.

First, the original production profile back in 2009:
BAKKEN12-20091413611100342134101341
BAKKEN11-20092323302773282230602306
BAKKEN10-20093139914041247393003930
BAKKEN9-20093041153983233405204052
BAKKEN8-20093146144661272454804548
BAKKEN7-20093141333788408407104071
BAKKEN6-20092660916496652600606006
BAKKEN5-20093146554631437458404584
BAKKEN4-20093043524243313428604286
BAKKEN3-20093157365580508562905629
BAKKEN2-200928852384771280811408114
BAKKEN1-200919232718341438190301903
BAKKEN12-2008415017512012

Pretty unimpressive, huh? The best it did after original completion: 6,000 bbls. La-de-dah!

Now, let's see recent production profile:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20181525449253391035630664029203
BAKKEN10-20181838867399892466947393045170
BAKKEN9-20181229459280213283332716032596
BAKKEN8-201810171498098
BAKKEN7-20181100000
BAKKEN6-20180000000
BAKKEN5-201800710000
BAKKEN4-2018235195175462035672
BAKKEN3-2018317087287089725639

If you own minerals in this well, do you really care if UTS oil has a problem as suggested by that WSJ article? LOL. I would be thrilled to have mineral rights in this well. LOL.

I don't even care, from a mineral owner's point of view, why the well jumped in production.

If I'm interested in learning about the Bakken and learning about the Bakken revolution, then I would be curious to see why this well jumped in production. It had to have been re-fracked, but let's check.

API: 33-061-00849.

Yup, re-fracked, 7/16/2018 - 7/26/2018. The NDIC doesn't have the recent re-frack data, but FracFocus does. This was an incredibly small re-frack: only 5.7 million gallons of water; and 89% water by mass.

So, another example. For the relatively small cost of a small refrack, MRO has "another" new well.

Yeah, "fracking has a problem" -- the WSJ.

By the way,
  • 30,000 bbls over 12 days extrapolates to: 75,000 bbls in one month
  • 39,000 bbls over 18 days extrapolates to: 65,000 bbls in one month
  • 25,000 bbls over 15 days extrapolates to: 50,000 bbls in one month
So, why did this well only produce half a month for three months in a row? Anyone's guess. Perhaps the company is managing its assets. Perhaps the tanks fill in half a month. I don't know. A mineral owner is probably not particularly concerned. He/she's just upset that this happened with $40 oil.

Wow, this gets tedious.

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