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Wednesday, February 20, 2019

Random Look At A CLR Holstein Federal Well In Elm Tree -- February 20, 2019

This is an interesting case study. This page will not be updated.

The well:
  • 32294, 2,320, CLR, Holstein Federal 13-25H, Elm Tree, t11/16; cum 634K 12/18;
The CLR Holstein Federal wells are tracked here.

If you go to that post, you will note at least two things:
  • there is an incredible amount of activity in this area; it is difficult to follow the timeline for these wells
  • #32294 was one of the earliest Holstein Federal wells drilled
By now, this well should show the typical dreaded Bakken decline. So let's check. Here's the full production profile:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-201831218332241473253935237993940
BAKKEN11-20183020575200295835355863509190
BAKKEN10-20183122410223956298306603015493
BAKKEN9-20183023479233996391286112811890
BAKKEN8-20183125449254947255335763306693
BAKKEN7-20183125259251397022365993609093
BAKKEN6-2018302675526810811133748322241119
BAKKEN5-201829207102079579521943118563699
BAKKEN4-201830237792377971783268132024437
BAKKEN3-201831305123039710246447314439093
BAKKEN2-20182823441235017661330623280284
BAKKEN1-20183129506297478668456324529193
BAKKEN12-20173131324310529422460474571493
BAKKEN11-2017303177831662940743811422661311
BAKKEN10-20173129135291679286419204158887
BAKKEN9-2017292875729136963233714309412558
BAKKEN8-20173133959339011397647570438563477
BAKKEN7-201731378073749818629516945136493
BAKKEN6-20173037719376952517654233441739821
BAKKEN5-20173029334292464446241743378453665
BAKKEN4-2017326022240100
BAKKEN3-20170000000
BAKKEN2-20175169218327582396229212
BAKKEN1-201731269792694479333312232439390
BAKKEN12-201631384023854714249531755256393
BAKKEN11-201681281912355117661563514932528

Usually, by the sixth or seventh month, we see a significant decline in the production of a typical Bakken well. Even a year after this well was first brought on line its production remained spectacular, almost equal to max produced after initial frack.

At $50/bbl x 30,000 bbls = $1.5 million / month at the wellhead.

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