Thursday, February 6, 2020

Idle Chatter Regarding an Oasis Well In Baker Oil Field -- February 6, 2020

This is a very, very typical well in Tier 1 Bakken wells.

The IP is nothing particularly noteworthy (see record IPs here) and the monthly production is not all that remarkable compared to many Bakken wells in Tier 1 locations.

But look at that cumulative production. There are many wells drilled back in the early days of the boom (2008 - 2012) that still haven't hit 100,000 bbls. This one has produced more than 100,000 bbls of crude oil in less than four months of production.

And, again, this is a well that doesn't get my attention. I see these results day in and day out looking at wells now being reported (yes, there is a lot of water (see this note); and much natural gas is being flared). Also note how "small" the frack was -- only 6 million lbs:
  • 30188, 1,569, Oasis, Lewis Federal 5300 11-31 2B, 40 stages; 6 million lbs; Baker, t8/19; cum 109K 12/19; 
Full production data:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-201931195991972618037268161344213157
BAKKEN11-20192628524284032403630934237077045
BAKKEN10-20193019417195532319919162151853767
BAKKEN9-20193024250242433165322472208971365
BAKKEN8-2019181767117446233561719616685385


The Baker oil field is tracked here, though it has not been updated in quite some time. If I have time, I will update it later tonight.

Baker oil field, immediately south of Williston, across the river:

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