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Tuesday, March 12, 2019

Another Example Of MRO's Aggressive Bakken Re-Frack Program; New Wells Extrapolating To Nearly 100K Bbls/30-Day Month -- March 12, 2019

Have we posted this one?

The well:
  • 33928, 5,935, MRO, Honaker USA 41-30TFH, Reunion Bay, Three Forks, first bench, 45 stages; 6.5 million bbls, t1/19; cum 83K in 28 days -- extrapolates to 88,895 bbls/30-day month;
The scout ticket:
NDIC File No: 33928     API No: 33-053-08138-00-00     CTB No: 233927
Well Type: OG     Well Status: A     Status Date: 12/22/2018     Wellbore type: Horizontal
Location: NENE 30-152-93     Footages: 261 FNL 1025 FEL    
Current Operator: MARATHON OIL COMPANY
Current Well Name: HONAKER USA 41-30TFH
Total Depth: 20969     Field: REUNION BAY
Spud Date(s):  2/26/2018
Casing String(s):  9.625" 2167'   7" 11037'  
Completion Data
   Pool: BAKKEN     Perfs: 11140-20820     Comp: 12/22/2018     Status: F     Date: 1/5/2019     Spacing: 4SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 82969     Cum MCF Gas: 109657     Cum Water: 82092
Production Test Data
   IP Test Date: 1/5/2019     Pool: BAKKEN     IP Oil: 5935     IP MCF: 7086     IP Water: 5189
Monthly Production Data:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-201928829698244781576109051852194984
BAKKEN12-20182005166060606

Royalties: a mineral owner with 80 acres at $50-oil and an 18% royalty:
  • 80 / 2560 = 0.03125
  • 0.03125 x 82,447 bbls = 2,576 bbls
  • 2,576 x $50 = $128,800
  • 0.18 x $128,800 = $23,188 for the month of January, 2019
Disclaimer: I often make simple arithmetic errors.

From the file report: geologist's report not yet posted.

The graphics:



Wells of interest:
  • 24621, 5.414, MRO, Bobby Lee USA 41-30H, Reunion Bay, t1/19; cum 33K 1/19; 33K over 10 days extrapolates to 98,370 bbls/30-day month;
  • 33925, 5,395, MRO, Wendell USA 31-30H, Reunion Bay, t1/19; cum 38K over 12 days extrapolates to 94,620 bbls/30-day month;
  • 19230, 649, MRO, Goodall USA 11-29H, Reunion Bay, t1/11; cum 334K 1/19; re-fracked/tested 12/10/18 with an IP of 1,414: full production at this post; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20197362137505426510218473018
BAKKEN12-201826225542239934437331391652215229
BAKKEN11-20180000000
BAKKEN10-201873863771436420583
BAKKEN9-20183021992130804321302903
BAKKEN8-201822795752375124001064
BAKKEN7-20180000000
BAKKEN6-201800150000
BAKKEN5-2018104124197063856499
BAKKEN4-2018301302133824820705881161
BAKKEN3-2018311720167436826646021686
BAKKEN2-201827152516563722400502024
BAKKEN1-2018311863182642527362102132


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