Random Update On An Old Oasis Case Looking To Put Nearly Two Dozen Wells On a 640-Acre Spacing Unit -- August 7, 2019

Spoiler alert: long note, but there is nothing new here. I was simply checking up on an old case. For my benefit only; not of any use to readers. 

Most concerning: of the 12 wells in the drilling unit, it appears only six are producing and only two of them are any good. 

Re-posting part of an earlier note:

Generally speaking, fourteen wells is about the maximum number of wells I've seen in any 1280-acre drilling unit in the Bakken. If any 1280-acre unit has more than fourteen wells, they are few and very far in between.

However, in the August, 2019, NDIC hearing dockets:

Case 27809, Newfield, Siverston-Bakken; 14 wells on each of two existing 1280-acre units; 6/7-150-98; and, 30/31-151-98, McKenzie; already 6 wells on each of these units; this will make it 20 wells in each of these 1280-acre units;

Reminder: that's a case, not a permit.

It's been said that operators won't drill wells in the Bakken if the EUR is not at least one million bbls.

There is an interesting look at dollars / acre at the original post, but I wanted to re-post that note to also note this older case from a post dated January 31, 2014:

From the February, 2014, NDIC hearing docket:

• 21849, Oasis, Sanish-Bakken, 21 horizontal wells on a 640-acre unit, 4-153-93, Mountrail,

[For newbies: when the drilling started in the Bakken back in 2007, the "word on the street" was one well per section. Folks got excited when they heard talk of four wells in a 1280-acre spacing unit. Now: 21 wells in one section, one 640-acre spacing. Who wudda thought -- just in the past three or four years. I think it's incredible. And that's why the Bakken never ceases to amaze me.]

At that link are the graphics of that area. 

So, what does that section (section 4-153-93) look like today? It has not changed:

• there are still 12 horizontal wells in that section;
• it is still spaced at 640 acres; however,
• section 4 is now part of an overlapping 2560-acre unit