WPX Has A 50K+ Well In The Mandaree Oil Field -- October 6, 2019

Remember when we told you this ten years ago: if you have one well, you will eventually have two wells; very likely four wells; probably eight wells, and possibly many, many more than that. Hold that thought.

Note: "each well stands alone."

Note: operators aren't drilling wells unless they expect a(n) EUR of at least a million bbls.

Note: lots of discussion in the Permian about infill density. We're not having those discussions in the Bakken.

Note: either through luck or good planning, the spacing units are really, really well established in the Bakken. I'm not getting that feeling in the Permian based on a) lengths of Permian laterals; and, b) conference calls; c) monthly Director's Cuts from the NDIC.

Disclaimer: I am inappropriately exuberant about the Bakken.

Most exciting wells to track for the next twelve months:

• 18518, 2,736, RimRock, Two Shields Butte 3-24-12-4H, Mandaree, t4/14; cum 461K 8/19;
• 20258, 2,399, RimRock, Skunk Creek 3-24-25-13H, Mandaree, t4/14; cum 332K 8/19;
• 20257, 2,475, RimRock, Two Shields Butte 3-24-12-3H3, 23 stages; 3.5 million lbs; Three Forks even though permit said "Bakken"; name change request from middle Bakken to Three Forks, December, 2013; Mandaree, t4/14; cum 393K 8/19;
• 20259, 1,579, RimRock, Skunk Creek 3-24-25-14H3, Mandaree, t4/14; cum 202K 8/19;

The 50K+ well that WPX will be reporting this next week:

• 35714, conf, WPX, Nancy Dancing Bull 1-36HQL, Mandaree; note that WPX only sold 69% of the oil it produced since it started producing oil; that speaks volumes -- 

Date	Oil Runs	MCF Sold
8-2019	55123	43622
7-2019	7352	0

The Nancy Dancing Bull wells:

• 35713, conf, WPX, Nancy Dancing Bull 1-36HQL, producing, 24K in first full month;
• 35714, above.
• 35715, conf, WPX, Nancy Dancing Bull 1-36HW, no production data yet

Graphics pending:

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There are currently 20 wells in this narrow band, 0.69 miles from west to east. In addition there are another 6 wells to the east, in the same section. In total, so far, 26 wells in less than one mile from east to west.

Twenty-six wells.

Eventually there could be as many as: 48 wells. No typo. 48 wells.