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:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2019	31	16614	16553	38506	14109	9762	3134
BAKKEN	11-2019	30	18617	18469	43144	15695	12279	2077
BAKKEN	10-2019	30	17398	17368	51313	13321	1194	10899
BAKKEN	9-2019	30	17106	17237	49562	13737	0	12513
BAKKEN	8-2019	14	13531	13268	44364	7112	0	6197

Easton, API: 33-025-03849, fracked 7/28/19 - 8/9/19, 6.5 million gallons water; 89.1% water by mass:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2019	31	13110	13093	23987	12182	8503	2709
BAKKEN	11-2019	30	16521	16399	32861	13409	10509	1718
BAKKEN	10-2019	30	16555	16553	39147	13166	1171	10822
BAKKEN	9-2019	28	19627	19993	48846	12699	0	11322
BAKKEN	8-2019	11	11176	10658	31152	5059	0	4307

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:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2019	31	6530	6555	7123	4593	0	3993
BAKKEN	11-2019	30	7306	7371	8730	5116	0	4475
BAKKEN	10-2019	30	8729	8690	14257	6116	0	5391
BAKKEN	9-2019	11	2707	2514	7390	1847	0	1630
BAKKEN	8-2019	0	0	0	0	0	0	0
BAKKEN	7-2019	0	0	0	0	0	0	0
BAKKEN	6-2019	0	0	0	0	0	0	0
BAKKEN	5-2019	0	0	0	0	0	0	0
BAKKEN	4-2019	0	0	0	0	0	0	0
BAKKEN	3-2019	0	0	0	0	0	0	0
BAKKEN	2-2019	0	0	0	0	0	0	0
BAKKEN	1-2019	0	0	0	0	0	0	0
BAKKEN	12-2018	0	0	0	0	0	0	0
BAKKEN	11-2018	0	0	0	0	0	0	0
BAKKEN	10-2018	8	224	311	254	195	134	5
BAKKEN	9-2018	30	1010	1140	1115	866	615	8
BAKKEN	8-2018	31	1126	1185	1257	992	727	9