Incredible Wells Reported In The Past Ten Days -- October 9, 2019

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I was going to post a much longer note, but there's just note enough time. Things are simply moving too fast; way too much energy news.

For those who have not been paying attention, the wells in the Bakken -- across the board -- this past year have been simply incredible. Here's a partial list. Look at the test date (the first date after the oil field) and the the cumulative (total) production as of 8/19 -- most recent data available from the NDIC. Wells with first full month of production in May, 2019, are reporting total production numbers of upwards of 150,000 bbls by the end of August, 2019 -- 150,000 bbls in four months.

Definition of an ideal well: a well that pays for itself in six months and then goes on to provide free cash flow for the operator for 35 years.


The wells:

• 34968, 1,905, CLR, Rader 10-24H, Avoca, t7/19; cum 64K 8/19;
• 35347, 1,974, CLR, Sorenson 10-16H1, Alkali Creek, t4/19; cum 122K 8/19; 
• 34759, 2,401, Whiting, Berger 24-20-1H, Tyrone, t4/19; cum 126K 8/19;
• 31809, 2,581, EOG, Riverview 21-3032H, Antelope-Sanish, t8/19; cum 29K over 14 days; extrapolates to 61K over 30 days;
• 34439, 627, Enerplus, Daffy 148-93-20A-29H, McGregory Buttes, t4/19; cum 149K 8/19;
• 34438, 619, Enerplus, Muscovy 148-93-20A-29H-TF, McGregory Buttes, t4/19; cum 143K 8/19;
• 34437, 927, Enerplus, Canvasback 148-93-20B-29H, McGregory Buttes, t4/19; cum 136K 8/19;