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Sunday, February 3, 2019

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:
BAKKEN7-20182819421874443916251099418
BAKKEN6-20183021582138466218441281443
BAKKEN5-2018261759179343291276800352
BAKKEN4-2018291777175843381248644487
BAKKEN3-201831205319994647659371257
BAKKEN2-201828167516914153783379376
BAKKEN1-2018312341245448101291808452
BAKKEN12-20173125682475492018251105689
BAKKEN11-20173028302822530221011365706
BAKKEN10-20173130633088595221891371787
BAKKEN9-201719132514993490815540258
BAKKEN8-20173128742848612820621737294
BAKKEN7-2017312399242862161385915439
BAKKEN6-2017302145179767261230860340
BAKKEN5-201731282288642211
BAKKEN4-201700526011810010
BAKKEN3-2017233713367163803576354135
BAKKEN2-2017253270346576232498248216


#24476:
BAKKEN7-20183120772007497025911794681
BAKKEN6-20183023402358501930452173752
BAKKEN5-20183123382391522330122004884
BAKKEN4-201830244124435202302416571250
BAKKEN3-201831312430815736543031942205
BAKKEN2-201828308930245530441221992185
BAKKEN1-201831274729805359359822931281
BAKKEN12-201731403438606591513431451958
BAKKEN11-201730394439256690478331321621
BAKKEN10-201731410440127488482030421747
BAKKEN9-2017128368223328862575276
BAKKEN8-20173180011083253777646110
BAKKEN7-201731299531367186348023291120
BAKKEN6-20173033153462755233172355932
BAKKEN5-20173130653301729617941654120
BAKKEN4-20173032972836715716241468149
BAKKEN3-2017313309316879191502148715
BAKKEN2-2017272213222678393563542


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:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-201831217918593748000
BAKKEN11-2018227457182003814401329
BAKKEN10-20183115891441292720101672214
BAKKEN9-2018301581156129301926177135
BAKKEN8-20183115981798298819311665142
BAKKEN7-2018291691137629471928857955
BAKKEN6-201830174417972890222120938
BAKKEN5-2018311943228830272330216046
BAKKEN4-2018291909186329531999183052
BAKKEN3-201831210218833360225822207
BAKKEN2-2018281945187529701842176747
BAKKEN1-2018312227257732801329123961
BAKKEN12-2017191363139020347807574
BAKKEN11-2017302319207931602157209533
BAKKEN10-201731244327333247214021090
BAKKEN9-201727186913642833126412343


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. 

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