Another Old Bakken Well WIth Jump In Production -- November 2, 2019

Here is another example of jump in production in an old Bakken well. I was scanning the NDIC map, looking for a recently completed DUC. I found the DUC, a WPX Bison section line well. Just to the west of that horizontal, was another horizontal running in the opposite direction. I assumed it would be off line (while neighboring wells were being fracked) but I was pleasantly surprised.

From 1,600 bbls/month to 13,000 bbls/month -- an 8-fold jump in production.

The well:

• 24163, 759, Enerplus, Cirrus 149-94-33D-28H, Eagle Nest, t4/13; cum 279K 9/19;

Recent oil production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2019	29	12689	12723	10419	19034	12452	6483
BAKKEN	8-2019	31	7797	7322	7187	11696	5004	6599
BAKKEN	7-2019	31	1440	1415	1077	2160	4	2066
BAKKEN	6-2019	23	965	976	744	1447	93	1289
BAKKEN	5-2019	31	1589	1734	997	2383	1330	964
BAKKEN	4-2019	30	1595	1736	1135	2393	1158	1148

Back of the envelope, a mom-and-pop mineral owner:

• 1280-acre spacing
• own 160 acres
• 1/8 royalty (12.5%)
• $40 oil
• decimal unit works out to:
• 160/1280 = 0.125
• 1/8 royalty = 0.125
• 0.125 x 0.125 = 0.015625

1,600 bbls x $40 x 0.015625 = $1,000 for that month for that one well, back in 4/19.

13,000 bbls x $40 x 0.015625 = $8,125 for that month for that one well, this past month, 9/19.

(There would be several wells on this drilling unit.)