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Wednesday, February 19, 2020

Closer Look At The Two MRO DUCs That Reported Production Data Today -- February 19, 2020

Updates

February 20, 2020: see first comment --
The wells look great, the water-cut is high. It looks like the new normal will have to be piping waste water directly to SWD wells to save on operation costs.

It is also very impressive that they are getting well costs into the $4.3 to 5.0 million cost range.

I think the next step change will be someone thinking outside the box, larger well bores (circumference). The two latest things I have heard is a change in chemicals in the frac mix, and real time use of data.

Anyways, If the costs get much lower then many second and third tier resources will one day be first tier resources. Let the good times roll.
Original Post

Two wells came off the confidential list (actually came off earlier, reported today):
  • 36198, SI/NC, MRO, Parmeter 14-21H, Murphy Creek, producing, t--; cum 83K over 4.5 months;
  • 36617, SI/NC, MRO, Easton 44-20H, Murphy Creek, producing, t--; cum 77K over 4.4 months;  
Parmeter, API: 33-025-03738, fracked 7/28/19 - 8/9/19, 7.7 million gallons water; 90.65% water by mass:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2019311661416553385061410997623134
BAKKEN11-20193018617184694314415695122792077
BAKKEN10-20193017398173685131313321119410899
BAKKEN9-20193017106172374956213737012513
BAKKEN8-201914135311326844364711206197

Easton, API: 33-025-03849, fracked 7/28/19 - 8/9/19, 6.5 million gallons water; 89.1% water by mass:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2019311311013093239871218285032709
BAKKEN11-20193016521163993286113409105091718
BAKKEN10-20193016555165533914713166117110822
BAKKEN9-20192819627199934884612699011322
BAKKEN8-201911111761065831152505904307

Both neighboring wells are back on status:
  • 17499, 128, MRO, Charchenko 14-21H, Murphy Creek, t2/09; cum 213K 12/19; production since coming back on line not particularly encouraging; 
  • 17468, 878, MRO, Hendricks 34-20H, Murphy Creek, t7/11; cum 196K 12/19; huge jump in production after returning to production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-201931653065557123459303993
BAKKEN11-201930730673718730511604475
BAKKEN10-2019308729869014257611605391
BAKKEN9-201911270725147390184701630
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20190000000
BAKKEN4-20190000000
BAKKEN3-20190000000
BAKKEN2-20190000000
BAKKEN1-20190000000
BAKKEN12-20180000000
BAKKEN11-20180000000
BAKKEN10-201882243112541951345
BAKKEN9-2018301010114011158666158
BAKKEN8-2018311126118512579927279


2 comments:

  1. The wells look great, the water-cut is high. It looks like the new normal will have to be piping waste water directly to SWD wells to save on operation costs.

    It is also very impressive that they are getting well costs into the 4.3 to 5.0 million cost range.

    I think the next step change will be someone thinking outside the box, larger well bores (circumference). The two latest things I have heard is a change in chemicals in the frac mix, and real time use of data.

    Anyways, If the costs get much lower then many second and third tier resources will one day be first tier resources. Let the good times roll.

    ReplyDelete
    Replies
    1. Great points. Thank you very much. I've brought your comments the main body of the blog for easier access.

      Delete

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