The Ideal Bakken Well -- More Common Than Unicorns -- September 29, 2019

I define the ideal well as one that pays for itself in six months and then generates free cash flow for the next 35 years.

Even better than the ideal well is the ideal Bakken well: this is a well that pays for itself in six months; generates free cash flow for the next 35 years; and, on top of all that, shows repeated jumps in production.

Example:

• 22371, 3,668, QEP/Helis, Hazel 13-34/27H, Grail, t5/13; cum 629K 8/19;

Production profile, selected:

BAKKEN	3-2019	31	12137	12104	8312	51106	39753	11060
BAKKEN	2-2019	28	10756	10931	7540	40940	26671	14048
BAKKEN	1-2019	31	17713	17810	10095	44978	38134	6584
BAKKEN	12-2018	31	20779	20597	11593	46896	39894	6736
BAKKEN	11-2018	30	15431	15396	8725	26617	21640	4785
BAKKEN	10-2018	31	17613	17688	10639	32697	27892	4614
BAKKEN	9-2018	30	18851	18669	13733	29515	24474	4862
BAKKEN	8-2018	31	21462	21566	13761	32978	27790	4981
BAKKEN	7-2018	31	27368	27564	30854	40865	35041	5621
BAKKEN	6-2018	8	9273	8709	23423	12661	9608	2809
BAKKEN	5-2018	0	0	113	0	0	0	0
BAKKEN	4-2018	23	1796	1814	801	3530	2595	629
BAKKEN	3-2018	31	2290	2382	954	4542	3366	747
BAKKEN	2-2018	25	2009	1890	839	3695	2835	536

Back in 2013 when this well was drilled and first began production, it topped out at 27,119 bbls in one 31-day period (8/13) -- and that figure was beat in 7/18 when it produced 27,368 bbls oin one 31-day period:

BAKKEN	12-2013	20	10641	10522	1492	17256	16201	945
BAKKEN	11-2013	30	16477	16446	2328	29315	29219	96
BAKKEN	10-2013	31	19697	19498	3482	28731	26208	2498
BAKKEN	9-2013	25	12217	12557	2110	18177	15748	2283
BAKKEN	8-2013	31	27119	27367	2948	45446	40294	4916
BAKKEN	7-2013	31	15559	14951	2706	44338	32397	11733
BAKKEN	6-2013	30	15522	15754	1909	41733	41733	0
BAKKEN	5-2013	5	24041	23629	2531	8896	8896	0