Friday, September 27, 2019

CLR's Ravin Wells In Dimmick Lake

Note: Early production data has been added. Scroll to the bottom of the post. These wells were initially DUCs. They were completed about seven months after reaching total depath.

Disclaimer: In a long note like this, there may be typographical and/or factual errors. If this is important to you go to the source. If alerted to errors, I will correct them.

CLR is clearly "on a roll." I can't wait to see their year-end report which we should see sometime in early 2020. One wonders if Harold Hamm has tweaked his business model.

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Original Post

These are incredible wells. They were brought to my attention by a reader.

Tonight's post begins with a note from a reader:
A few weeks ago the Ravin 2 #34873 came off of confidential with limited production reported. According to our monthly statement, here is what they did in August:
  • #34873 -- Ravin 2: 43,453 runs 
  • #34874 -- Ravin 3: 42,482 runs
Okay, that's the lede.

It should be noted that Abraxas has "Ravin" wells in North Fork oil field. This post is about the CLR Ravin Federal wells in Dimmick Lake.

These well have been coming off the confidential list over the past few weeks, generally one at a time, and I've posted them when noted on the daily activity report, but I believe this is the first time I've "collected" them all in one place.

Based on their names, they include middle Bakken, first bench Three Forks, and second bench Three Forks wells -- I will sort that out later.

Again, for newbies: these are huge wells. I'll provide the frack/completion data later.

The graphic:


The wells:
  • 34873, 2,641, CLR, Ravin Federal 2-1HSL, Dimmick Lake, t8/19; cum 44K over 25 days, extrapolates to 53K over 30 days; cum 239K 4/20; 46K month;
  • 34874, 2,175, CLR, Ravin  3-1HSL1, Dimmick Lake, t7/19; cum 42K over 31 days; previous month, 12,442 bbls over 7 days; cum 132K 2/29; 42K month; off line 2/20; remains off line 4/20;
  • 34172, 2,790, CLR, Ravin 4-1H, Dimmick Lake, t6/19; cum 260K 4/20; 52K first full 31-day month;
  • 34173, 911, CLR, Ravin 5-1H2, t7/19; cum 97K 4/20;
  • 34174, 1,753, CLR, Ravin 6-1H1, Dimmick Lake, t7/19; cum 56K over 51 days; cum 129K 4/20; 33K month;

  • 34175, 1,286, CLR, Ravin 7-1H, Dimmick Lake, t8/19; cum 207K 4/20;
  • 34176, 1,726, CLR, Ravin 8-1H2, Dimmick Lake, t8719; cum 168K 4/20; 35K month;
  • 34177, 2,178, CLR, Ravin 9-1H, Dimmick Lake, t7/19; cum 83K over 59 days; cum 203K 4/20; 46K month;
  • 34178, 1,932, CLR, Ravin 10-1H1, Dimmick Lake, t8/19; cum 59K over 44 days; cum 167K 4/20; 36K month;
  • 34179, n/d, CLR, Ravin Federal 11-1H, Dimmick Lake, t--; cum 49K over 41 days; 196K 4/20; 37K month;
  • 34180, 1,698, CLR, Ravin 12-1H2, Dimmick Lake, t7/19; cum 30K over 39 days; 118K 4/20;

  • 18584, 380, CLR, Ravin 1-1H, Dimmick Lake, t7/10; cum 147K 4/20;
Early production numbers for the Ravin wells. Completion strategies are tracked at this post.

34873, middle Bakken, 62 stages; 17.6 million lbs sand;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20192543952434542631378860736565204
BAKKEN7-201902452450000

34874, Three Forks, 32 stages; 9.8 million lbs sand;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-201931424004248249004601224916310959
BAKKEN7-201971244212058117191613375478586

34172, middle Bakken, 62 stages; 17.6 million lbs sand;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20193136633366752096462010576564354
BAKKEN7-201931522085330035830894267455514871

34173, producing, but still conf;

34174, Three Forks first bench, 62 stages; 17.6 million lbs sand;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20193133370332617030354756509113845
BAKKEN7-20192021686215634407437392311746218

34175, producing but still conf;

34176, Three Forks second bench, 62 stages 10.1 million lbs:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20193135190351114627958226541384088
BAKKEN7-20192429191290253557142615355287087

34177, middle Bakken, 62 stages; 12.6 million lbs:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20193037839378293014985491794886003
BAKKEN7-201929445114425838431961948019715997

34178, Three Forks first bench, 62 stages; 12.6 million lbs:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20192736257361353673763627591594468
BAKKEN7-20191722917227872571932755273085447

34179, middle Bakken, 62 stages; 12.6 million lbs;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20193137156369644052176235708825353
BAKKEN7-20191011776117091679216989141642825

34180, Three Forks, second bench, 62 stages; 10.1 million lbs;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20192717269172193115228881268532028
BAKKEN7-20191212295122251155515128126122516

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