Sunday, August 18, 2019

Squaw Creek Getting Active -- August 18, 2019

Squaw Creek is getting active. Updates here including a new graphic. Squaw Creek is tracked here. The Rachel Wolf / Wolf wells are tracked here.


Ovals represent new activity since last graphic, April 20, 2018, last year. 

The well:
  • 20238, 180, WPX, Spotted Horn 26-35H, Squaw Creek, t1/12; cum 203K 6/19;
Back of the envelope:
  • 20 days at 5,561 extrapolates to 8,342 bbls. And 1,300 to 8,000 represents another 5-fold jump in production. And its flaring. Another well that would be shut in if flaring were banned. Let's see:
    • 5,561 bbls * $40 = $225,0000
    • 7,824,000 cubic feet at $1.77 / mcf = $15,000
    • the crude oil / natural gas price ratio = 25:1
    • price data from the August, 2019 (June, 2019 data) Director's Cut
  • EUR type curve? probably jumped from 375K to 750K after the new production data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN6-2019205561539019246782442992554
BAKKEN5-20191300042039
BAKKEN4-20196252470385692438100
BAKKEN3-201912411421157579148216
BAKKEN2-20192881783525018667140
BAKKEN1-20193112581223420210112480
BAKKEN12-20183113901481394218212550


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