- 17100 -- CLR, IA; still active; off-line; a lousy well so far;
Two years ago -- production from 12/16 to 6/17 -- fourth column over is barrels of oil produced in that given month - in this example, this well produced a measly 171 bbls over 22 days in 6/17, or a measly 8 bbls/day:
BAKKEN | 6-2017 | 22 | 171 | 240 | 33 | 88 | 88 | 0 |
BAKKEN | 5-2017 | 31 | 296 | 239 | 37 | 122 | 116 | 6 |
BAKKEN | 4-2017 | 30 | 267 | 231 | 57 | 137 | 122 | 15 |
BAKKEN | 3-2017 | 31 | 299 | 229 | 48 | 181 | 168 | 13 |
BAKKEN | 2-2017 | 28 | 282 | 460 | 53 | 183 | 172 | 11 |
BAKKEN | 1-2017 | 31 | 327 | 224 | 30 | 215 | 196 | 19 |
BAKKEN | 12-2016 | 29 | 301 | 445 | 72 | 256 | 209 | 47 |
Pretty grim, huh?
Well, it became even more grim:
BAKKEN | 4-2018 | 5 | 694 | 694 | 5436 | 1379 | 0 | 1379 |
BAKKEN | 3-2018 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 2-2018 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 1-2018 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 12-2017 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 11-2017 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 10-2017 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 9-2017 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 8-2017 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 7-2017 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
But then, "the Bakken magic" (in May, 2018, 26,682 bbls over 17 days extrapolates to 47,000 bbls over 30 days):
BAKKEN | 4-2019 | 30 | 11382 | 11707 | 13664 | 24772 | 24325 | 63 |
BAKKEN | 3-2019 | 31 | 13634 | 13627 | 14923 | 31262 | 30859 | 0 |
BAKKEN | 2-2019 | 28 | 15169 | 15195 | 14896 | 31608 | 31244 | 0 |
BAKKEN | 1-2019 | 31 | 19014 | 18470 | 17359 | 25326 | 24534 | 404 |
BAKKEN | 12-2018 | 31 | 21408 | 22114 | 19145 | 30985 | 29649 | 939 |
BAKKEN | 11-2018 | 26 | 19947 | 19791 | 18477 | 29165 | 28029 | 799 |
BAKKEN | 10-2018 | 23 | 16490 | 16215 | 15655 | 21907 | 19175 | 2445 |
BAKKEN | 9-2018 | 30 | 25164 | 25212 | 26236 | 31413 | 27881 | 3140 |
BAKKEN | 8-2018 | 31 | 35997 | 35753 | 45374 | 42924 | 42309 | 210 |
BAKKEN | 7-2018 | 31 | 41189 | 41427 | 57492 | 45918 | 43344 | 2169 |
BAKKEN | 6-2018 | 30 | 52661 | 52713 | 63442 | 57604 | 52886 | 4326 |
BAKKEN | 5-2018 | 17 | 26682 | 26410 | 36450 | 28245 | 21100 | 7145 |
This was the best this well did when it was originally completed:
BAKKEN | 10-2008 | 30 | 4006 | 3566 | 1019 | 3645 | 3046 | 599 |
BAKKEN | 9-2008 | 25 | 2005 | 2291 | 187 | 1726 | 1545 | 181 |
BAKKEN | 8-2008 | 31 | 3844 | 3643 | 527 | 3484 | 3319 | 165 |
BAKKEN | 7-2008 | 31 | 3969 | 4095 | 1043 | 3020 | 295 | 2725 |
BAKKEN | 6-2008 | 30 | 5914 | 5648 | 2002 | 3903 | 0 | 3903 |
BAKKEN | 5-2008 | 31 | 160 | 0 | 2305 | 0 | 0 | 0 |
Pretty lousy. And it remained a lousy well for ten years. But apparently CLR just had too many other things to do and never got around to doing something about this lousy well ... until now.
And there you have it.
In May, 2008, drilled and a lousy well.
In May, 2018, ten years later, to the month, a huge well, and a "50K+ well in June, 2018. I wonder if Hubbert had any 10-year-old wells that jumped from 400 bbls/month to 50,000 bbls/month (let's see, 50,000 / 400 = 125x jump in production).
People talk all about the "dreaded decline rate" in the Bakken. I have yet to hear much about these second time 'round wells, which are about as inexpensive as one can imagine. At worse, they have a break even cost of about $6/bbl; at best ... well, what do you get when you divide a number into zero?
The well:
- 17100, 240, CLR, Mountain Gap 31-10H, Rattlesnake Point, t6/08; cum 429K 8/19.
For more on "the Bakken magic," see this post.
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A Kind Of Magic
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