Thursday, March 12, 2020

A Reader Suggests, If Bored, Take Another Look At #19845 -- March 12, 2020

A reader noted that I must be bored. He was completely correct. I am really, really bored. Sorry. But that's a fact, Jack.

The reader suggested if I run out of things about which to blog, I should take a look at NDIC file numbers, #19845 and #19889.

My reply:
Thank you, much appreciated. How did you guess I was bored? From that long note on the Hess DUC that was reported [yesterday]? LOL. I was bored. Looking for almost anything about the Bakken.

Van Hise Trust (#19845): I know it well --


#19889: an XTO well in Sand Creek. Very, very coincidental.Oasis with two new permits in Sand Creek earlier this week (yesterday, I guess) ... Sand Creek is turning out to be a very, very good field. I was going to do a stand-alone update on Sand Creek. Had not gotten around to it ... thank you.
Yes, one of the problems with the blog: once I post something really spectacular about the Bakken, that post immediately gets buried by five or six more posts in rapid succession. The Van Hise Trust well, #19845, is an excellent example. I covered it in depth a long time ago -- another monster well that I cherry-picked to show just how great the Bakken really is
Disclaimer: I am inappropriately exuberant about the Bakken. 
By the way, before I forget, a global oil analyst tweeted this morning that crude oil demand, or was it gasoline demand, was at an all time high. I forget whether it was crude oil demand or gasoline demand and whether it was global or US -- I was scrolling to fast -- we'll sort this out later. But at $30/bbl, crude oil will be flying off the shelves -- or flowing like champagne on New Year's Eve. 
So, back to #19845. First these links:
No data from FracFocus that this well has been re-fracked (previously posted). A reader confirms that this well has not bee re-fracked. The well (this is the neighbor well to #19845):
  • 21716, 943, Petro-Hunt, Van Hise Trust 153-95-28C-21-2H, t12/12; cum 533K 6/18; neighbor well, #19845 is also interesting -- production posted down below)
Production period of interest:
BAKKEN2-2019283075312554877797371213
BAKKEN1-2019313603360061486078013378
BAKKEN12-20183140063999594890475471141
BAKKEN11-20183045014496713962233096104
BAKKEN10-20183153125361581978580371532
BAKKEN9-201829503950075708377811569
BAKKEN8-2018245006498440570436790124
BAKKEN7-201817020000
BAKKEN6-201825259227688063595342843
BAKKEN5-20183320033600286300
BAKKEN4-20180000000
BAKKEN3-20183018551925322558253870

Note the small jump in production in late 2018. The actual amount is somewhat irrelevant. What is important is this: something extended the lifetime of this well; the EUR will increase. This is not allowed under Hubbert's peak oil theory.

Now back to #19845:
  • 19845,1,084, Petro-Hunt, Van Hise Trust 153-95-28C-21-1H, Charlson, t8/11; cum 515K 6/18;
Recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2020313558338510544584435216
BAKKEN12-201931275627517274047382110
BAKKEN11-201930295529887023960371437
BAKKEN10-201931318231178464432419422
BAKKEN9-2019303609354192752874865213
BAKKEN8-201931361736149896005574148
BAKKEN7-201931385539481096630060840
BAKKEN6-201930404540451015615259430
BAKKEN5-201931413740771214609158780
BAKKEN4-201930463546351269660263980
BAKKEN3-201931529153081542713169150
BAKKEN2-20192848934869103067136298220
BAKKEN1-201931653764841398912476941214
BAKKEN12-2018317933792817151166710675776
BAKKEN11-2018308728879322611412865297390
BAKKEN10-2018311119311220346317285152331836
BAKKEN9-2018309194919237551351412565787
BAKKEN8-2018203872111089154051
BAKKEN7-20180000000
BAKKEN6-201826404242493365495644731
BAKKEN5-201814704841340
BAKKEN4-20180000000
BAKKEN3-20182823922359367555553600

Note the jump in production in late 2018. Same comments as previously made for the earlier well.

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