MRO Reports A Huge Well That Extrapolates To Almost 135,000 BOE Over 30 Days -- May 13, 2019

Disclaimer: in a long note like this there will be typographical and factual errors. In addition, it was done in a busy, noisy environment increasing the odds of mistakes. I am inappropriately exuberant about the Bakken and may be seeing things that do not exist. If this is important to you, go to the source.

See "RecordIP" tag for other staggering wells. 

The well, see this post: 

• 34045, 7,152, MRO, Gudmon 44-35TFH, Bailey, t3/19; cum 24K 6 days; 
• SWSE 35-146-94; TF1: 45 stages; 6.1 million lbs;

Note: one of the more interesting things about this well -- the frack/completion was relatively modest. Instead of moving to 60 stages (and even higher), MRO stuck with 45 stages. Instead of a huge 15 million lbs (or even 20 million lbs used in some huge fracks), this was a very modest 6.1 million lbs -- very modest.

Note: this is a Three Forks first bench well. For newbies:

• Three Forks wells are often better then middle Bakken wells off the same pad, or in the same immediate area
• Three Forks wells generally require less proppant than middle Bakken wells, again, all things being equal

The well, scout ticket:

NDIC File No: 34045     API No: 33-025-03357-00-00     CTB No: 234044 Well Type: OG     Well Status: A     Status Date: 3/22/2019     Wellbore type: Horizontal Location: SWSE 35-146-94     Footages: 323 FSL 1346 FEL     Latitude: 47.416445     Longitude: -102.614542 Current Operator: MARATHON OIL COMPANY Current Well Name: GUDMON 44-35TFH Elevation(s): 2268 KB   2241 GR   2246 GL     Total Depth: 21169     Field: BAILEY Spud Date(s):  8/4/2018 Casing String(s):  9.625" 2355'   7" 10991'   Completion Data    Pool: BAKKEN     Perfs: 11094-21032     Comp: 3/22/2019     Status: F     Date: 3/30/2019     Spacing: 2SEC Cumulative Production Data    Pool: BAKKEN     Cum Oil: 23981     Cum MCF Gas: 16566     Cum Water: 32846 Production Test Data    IP Test Date: 3/30/2019     Pool: BAKKEN     IP Oil: 7152     IP MCF: 4702     IP Water: 9931

Monthly Production Data Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare BAKKEN 3-2019 6 23981 21861 32846 16566 0 14946

The calculations:

• oil: 23,981 bbls of oil over 6 days extrapolates to 119,905 bbls over 30 days
• natural gas: 16,566 MCF over 6 days extrapolates to 83,830 MCF over 30 days
• 83,830,000 / 6001 = 13,803 boe over 30 days
• total boe over 30 days = 133,708 bbls over 30 days

From the FAQ page:

What is the record IP to date in the Williston Basin? Note: as of November 13, 2018, FAQ #9 will be updated at this post.

Record IPs in the Bakken (link here).

Whether this is a record 30-day IP we will not be know until a couple of months from now. The 24-hour IP ranks up there as one of the top ten, I'm sure.

Neighboring older wells:

• there are no older wells in the immediate area
• however, there are five older wells of interest that would be relatively close to this well (within a mile)
• of those five older wells, four are off-line; one is back on line and shows a huge jump in production

The graphics: