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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:
BAKKEN9-201529984197741223166537035950
BAKKEN8-20151330523074129754240424
BAKKEN7-20152139094207544654855493
BAKKEN6-2015302129021205434911799417366628
BAKKEN5-201514123381204912021897389730
  • 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
12-20192499318155
11-20191865216465
10-20192783522607
9-20192678622938
8-20191199510266

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.

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