Monday, October 21, 2019

The Staggering, Incredible Bakken -- Increased Density Projects -- October 21, 2019

Updates

October 22, 2019: a reminder --  western boundary of the reservation; "owned" by EOG; will put 22 wells on one 2560-acre spacing unit (April, 2013, dockets) --
Case 20107: Application of EOG Resources, Inc. for an order authorizing the drilling, completing and producing of a total of not more than eleven wells on an existing 1920-acre spacing unit comprised of Sections 25 and 36, T.152N., R.95W. and Section 1, T.151N., R.95W.; a total of not more than eleven wells on an existing 1280-acre spacing unit comprised of Sections 30 and 31, T.152N., R.94W.; and a total of not more than twenty-two wells on an existing 2560-acre spacing unit comprised of Sections 6, 7, 18 and 19, T.151N., R.94W., Clarks Creek-Bakken Pool, McKenzie County, ND, eliminating any tool error requirements and such other relief as is appropriate.
October 22, 2019: after posting the original note -- which was posted mostly to show how busy some parts of the Bakken are -- a reader suggested this was likely 320-acre spacing. In fact, there are no 320-acre spacing units in Clarks Creek. In the graphic below, the 320-acre units are highlighted in light purple (there are six 320-acre units in the graphic below, all in Antelope oil field). I've removed the locations of all the wells and horizontals and outlined Clarks Creek oil field in a heavier red line to make it easier to see:


The spacing in Clarks Creek is very unusual; it's hard to tell for sure but it looks something like this:
  • no 320-acre units
  • only one 640-acre unit
  • two (?) 960-acre units
  • two (?) 1280-acre units 
  • several 2560-acre units
  • in the graphic below, almost all of the wells are 2560-acre spaced wells
Original Note
 
22 well sites.

Distance, west to east: slightly less than half a mile.


Definition of an ideal well: pays for itself in six months; out-performs expectations; and, maintains a revenue stream for 35 years.

One example:
  • 32794, 2,382, EOG, Clarks Creek 74-0719H, Clarks Creek, t6/17; cum 363K 8/19; full production profile:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-201931271526324459343223051165
BAKKEN7-20193122002186454727856248372
BAKKEN6-201930233323914455299202725747
BAKKEN5-201931329733025311327723001938
BAKKEN4-2019303844381549312802724967724
BAKKEN3-2019313248321835832512621965732
BAKKEN2-2019282613261337572153418982472
BAKKEN1-2019313246327442892556822996311
BAKKEN12-2018314428438860962767525166265
BAKKEN11-20183033853389515423138155675600
BAKKEN10-2018314301428060512410822072100
BAKKEN9-2018304158420390022431221879464
BAKKEN8-20183146244627761127769232652512
BAKKEN7-20183143214485821336421262158192
BAKKEN6-201830521450656575363293468364
BAKKEN5-201830623862568318366523544446
BAKKEN4-2018307120716472913863437312110
BAKKEN3-201831771778017746401413883250
BAKKEN2-2018287808783512020451694312178
BAKKEN1-2018311262112644163226886366002366
BAKKEN12-2017311610316135181168268779683479
BAKKEN11-2017302119921206207798785086051596
BAKKEN10-201731330723305623424101426948875295
BAKKEN9-20172832115322632244166890618503978
BAKKEN8-20173150705511463406294249877785227
BAKKEN7-20173166090660395106895317940860
BAKKEN6-201723482424739242985284271701410574