Oasis Reports A Huge Aagvik Well In The Banks; Over 325K BOE In Less Than Five Months; Also, Huge "Halo" Effect -- May 6, 2019

The well:

• 34037, 1,787, Oasis, Aagvik 5298 41-35 3BX, 50 stages; 9.9 million bls; Banks, t11/18; cum 219K 3/19; 

Production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2019	31	31769	32260	27378	86655	83927	2406
BAKKEN	2-2019	28	43806	43880	26985	140691	137960	2440
BAKKEN	1-2019	31	53601	53782	33616	158050	143823	13905
BAKKEN	12-2018	31	59173	59019	41729	147683	100860	46501
BAKKEN	11-2018	23	31025	30408	32607	105108	28130	76739

Total production:

• MCF: 638,187 MCF = 106,347 boe
• crude oil: 219,374 bbls
• = 325,721 boe in less than 5 months

From the file report:

• 8 miles north of Watford City, ND
• fourth of five wells to be drilled north on this pad
• the pad is set up as a 1280-acre spacing unit
• target: middle Bakken
• spud; then re-entered on April 2, 2017 (sic); most likely a typo, should be "2018"?
• problems with the vertical; hole cemented back, and sidetracked
• this sidetrack was deemed a failure
• sidetracked again; this time successful
• curved completed in 11.5 drilling hours
• successfully deconflicted other wellbores in the area; lower Bakken shale
• this horizontal was calculated to be about 7 feet TVD from another existing wellbore
• reached TD on April 18, 2018
• drilled from surface casing to total depth in 16 days
• wellbore in the desired target interval for 64% within target
• over/under passes were required to avoid hitting Aagvik 1-35H and the Lundeen 4-26H
• no shale strikes

So, how did the Aagvik 1-35H and Lundeen 4-26H do?

The Lundeen 4-26H is still off-line. Will check back on this well in a few months.

But look a tthe Aagvik 1-35H that runs diagonally "across" the new Aagvik wells,

• 17986, 501, Oasis, Aagvik 1-35H, 33-053-03008, Banks, t12/09; cum 213K 3/19; FracFocus, not re-fracked; full production profile at this post; huge "halo" effect; better than the "initial" production; 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2019	31	14517	14326	11035	46044	45734	0
BAKKEN	2-2019	28	13631	13616	10792	42137	35242	6615
BAKKEN	1-2019	7	3680	3356	3350	9811	5931	3810
BAKKEN	12-2018	0	0	0	0	0	0	0
BAKKEN	11-2018	0	0	0	0	0	0	0
BAKKEN	10-2018	0	0	0	0	0	0	0
BAKKEN	9-2018	0	0	0	0	0	0	0
BAKKEN	8-2018	0	0	0	0	0	0	0
BAKKEN	7-2018	24	470	559	100	1028	756	32
BAKKEN	6-2018	20	526	587	0	1274	1052	22
BAKKEN	5-2018	0	0	0	0	0	0	0
BAKKEN	4-2018	15	354	291	190	942	775	17
BAKKEN	3-2018	31	816	869	180	2176	1842	24
BAKKEN	2-2018	21	576	600	0	1449	1239	0
BAKKEN	1-2018	31	785	899	240	1855	1545	0

When I see things like this in the Bakken, I still find it amazing that companies like SM Energy exited the Bakken to go elsewhere. What were they thinking?