Saturday, December 28, 2019

The WPX Lion Wells Have Been Updated -- December 28, 2019

I track the WPX Lion wells in the Mandaree oil field at this site.

These are huge wells.

A typical WPX Lion well, with a relatively small/moderate frack:
  • 34960, 3,084, WPX, Lion 18-19HEL, 4 sections, 34 stages; 8.4 million lbs; Mandaree, t7/19; cum 164K 10/19; 
Production profile:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-201931373153733121059431731976919115
BAKKEN9-201930502375028423252546072931619578
BAKKEN8-201931520875218026017566183122319440
BAKKEN7-20191824388241211157126511023901

Definition of the perfect oil well: one that pays for itself in six months, then keeps producing for the next 35 years, meeting and/or exceeding its EUR.

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