Random Look At Three Equinor Wells In Painted Woods -- February 3, 2019

Random look at two Equinor wells in Painted Woods, a Tier 2 location. These wells have not been re-fracked but they seem to show a bit of renewed life since the original frack:

• 24478, 1,562, Equinor/Statoil, M. Olson 20-29 4H, t8/14; cum 187K 12/18; see #24476;
• 24476, 1,890, Equinor/Statoil, M. Olson 20-29 6H, t7/14; cum 188K 12/18; this well was not re-fracked but it shows some "renewed life"; see #24478;

Comments:

• back when these wells were being planned/designed, my hunch is that the publicly stated EUR was in the range of 350K
• these wells probably paid for themselves by 150K
• these wells will produce for 35 years

Selected production data. Without a re-frack I would have expected both these wells to be down to less than 1,000 bbls/month:

#24478:

BAKKEN	7-2018	28	1942	1874	4439	1625	1099	418
BAKKEN	6-2018	30	2158	2138	4662	1844	1281	443
BAKKEN	5-2018	26	1759	1793	4329	1276	800	352
BAKKEN	4-2018	29	1777	1758	4338	1248	644	487
BAKKEN	3-2018	31	2053	1999	4647	659	371	257
BAKKEN	2-2018	28	1675	1691	4153	783	379	376
BAKKEN	1-2018	31	2341	2454	4810	1291	808	452
BAKKEN	12-2017	31	2568	2475	4920	1825	1105	689
BAKKEN	11-2017	30	2830	2822	5302	2101	1365	706
BAKKEN	10-2017	31	3063	3088	5952	2189	1371	787
BAKKEN	9-2017	19	1325	1499	3490	815	540	258
BAKKEN	8-2017	31	2874	2848	6128	2062	1737	294
BAKKEN	7-2017	31	2399	2428	6216	1385	915	439
BAKKEN	6-2017	30	2145	1797	6726	1230	860	340
BAKKEN	5-2017	31	28	22	886	42	21	1
BAKKEN	4-2017	0	0	526	0	118	100	10
BAKKEN	3-2017	23	3713	3671	6380	3576	3541	35
BAKKEN	2-2017	25	3270	3465	7623	2498	2482	16

#24476:

BAKKEN	7-2018	31	2077	2007	4970	2591	1794	681
BAKKEN	6-2018	30	2340	2358	5019	3045	2173	752
BAKKEN	5-2018	31	2338	2391	5223	3012	2004	884
BAKKEN	4-2018	30	2441	2443	5202	3024	1657	1250
BAKKEN	3-2018	31	3124	3081	5736	5430	3194	2205
BAKKEN	2-2018	28	3089	3024	5530	4412	2199	2185
BAKKEN	1-2018	31	2747	2980	5359	3598	2293	1281
BAKKEN	12-2017	31	4034	3860	6591	5134	3145	1958
BAKKEN	11-2017	30	3944	3925	6690	4783	3132	1621
BAKKEN	10-2017	31	4104	4012	7488	4820	3042	1747
BAKKEN	9-2017	12	836	822	3328	862	575	276
BAKKEN	8-2017	31	800	1108	3253	777	646	110
BAKKEN	7-2017	31	2995	3136	7186	3480	2329	1120
BAKKEN	6-2017	30	3315	3462	7552	3317	2355	932
BAKKEN	5-2017	31	3065	3301	7296	1794	1654	120
BAKKEN	4-2017	30	3297	2836	7157	1624	1468	149
BAKKEN	3-2017	31	3309	3168	7919	1502	1487	15
BAKKEN	2-2017	27	2213	2226	7839	356	354	2

The graphic:

What about that even older well in the graphic?

• 19389, 1,936, Equinor, M. Olson 20-29 1-H, API: 33-105-01923, Painted Woods, t12/10; cum 307K 12/18:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2018	31	2179	1859	3748	0	0	0
BAKKEN	11-2018	22	745	718	2003	814	401	329
BAKKEN	10-2018	31	1589	1441	2927	2010	1672	214
BAKKEN	9-2018	30	1581	1561	2930	1926	1771	35
BAKKEN	8-2018	31	1598	1798	2988	1931	1665	142
BAKKEN	7-2018	29	1691	1376	2947	1928	857	955
BAKKEN	6-2018	30	1744	1797	2890	2221	2093	8
BAKKEN	5-2018	31	1943	2288	3027	2330	2160	46
BAKKEN	4-2018	29	1909	1863	2953	1999	1830	52
BAKKEN	3-2018	31	2102	1883	3360	2258	2220	7
BAKKEN	2-2018	28	1945	1875	2970	1842	1767	47
BAKKEN	1-2018	31	2227	2577	3280	1329	1239	61
BAKKEN	12-2017	19	1363	1390	2034	780	757	4
BAKKEN	11-2017	30	2319	2079	3160	2157	2095	33
BAKKEN	10-2017	31	2443	2733	3247	2140	2109	0
BAKKEN	9-2017	27	1869	1364	2833	1264	1234	3

By the way, from the most recent sundry form dated October 4, 2018, another example of the "good neighbor" policy:

"Land owner (Brad Olson) is having issues with the site drainage at the M Olson which is causing some erosion problems in his field. Equinor Energy LP is relocating the site drain as shown in the attached image at his request. With the weather situation, Equinor has planned to do this work today (10/4/18). "

The last work-over of this well appears to have been in early March, 2012.