Thursday, February 6, 2020

Why There Is So Much Work Yet To Be Done In The Bakken -- February 6, 2020

For newbies: this is why I often say that there is so much work yet to be done in the Bakken. All the early wells need to be re-fracked or re-drilled/re-fracked using "modern" completion (fracking) strategies.

Here's a great example.

These two wells were permitted about the same time, back in 2014.

The first one, #28648, was drilled/completed in early 2015, using "old" completion (fracking) strategies. The second one, #28194, was only recently drilled/fracked, using new completion strategies. Note the huge difference in the first five months of production. 

The wells:
  • 28648, 1,234, Oasis, Chalmers 53-- 21-19 9B, 36 stages; 3.8 million lbs; Baker, t5/15; cum 173K 12/19; first five months of production:
  • 28194, conf, Oasis, Lewis Federal 5300 21-31 5B; this permit was issued about the same time as the permit for #28648 above. That well above was drilled/completed in early 2015; this well (#28194) was only recently drilled and completed (late 2019, four and a half years later):

DateOil RunsMCF Sold

Yes, we don't the number of days the second well was producing (mostly likely full months starting in September), but mineral owners don't really care about details like that. Most mineral owners are only interested in the size of the check.

No comments:

Post a Comment