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

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2019	20	5561	5390	19246	7824	4299	2554
BAKKEN	5-2019	1	30	0	0	42	0	39
BAKKEN	4-2019	6	252	470	385	692	438	100
BAKKEN	3-2019	12	411	421	157	579	148	216
BAKKEN	2-2019	28	817	835	250	1866	714	0
BAKKEN	1-2019	31	1258	1223	420	2101	1248	0
BAKKEN	12-2018	31	1390	1481	394	2182	1255	0