Saturday, March 14, 2020

Are We About To See Some (More) Great CLR Bailey Wells In Pershing Oil Field -- March 14, 2020

I've "lost the bubble" on these CLR Bailey wells in the Pershing oil field, in the sense I recall posting something on these wells (or one of these wells) recently but can't remember what. Tonight, reviewing a couple of these wells certainly suggests something interesting is about to be reported.

The CLR Bailey/Wiley wells are tracked here.

First the wells with updated production data:
  • 33117, 1,962, CLR, Bailey 8-24H, Pershing, 66 stages; 16.1 million lbs, t6/18; cum 377K 1/20;  see this note; see this note;
  • 33116, 1,733, CLR, Bailey 9-24H2, Pershing, t6/18; cum 316K 1/20;
  • 33115, 1,950, CLR, Bailey 10-24H, Pershing, t6/18; cum 123K 4/19; remains off line 11/19; back on line 1/20;
  • 33114, 1.495, CLR, Bailey 11-24H2, Pershing, t6/18; cum 209K 1/20;  remains off line 11/19; back on line 1/20;
  • 33113, A/IA/1,563, CLR, Bailey 12-24H, Pershing, t6/18; cum 22K 1/20 off line a lot; remains off line 11/19;
  • 33112, 2,526, CLR, Wiley 8-25H, Pershing, t7/18; cum 282K 1/20;
  • 33111, 1,881, CLR, Wiley 9-25H2, Pershing, t7/18; cum 219K 1/20; off line all of 10/18; back on line as of 12/18;
  • 33110, 1,720, CLR, Wiley 10-25H, Pershing, t7/18; cum 289K 1/20;
  • 33109, 1,923, CLR, Wiley 11-25H2, Pershing, t6/18; cum 257K 1/20;
  • 33108, 1,547, CLR, Wiley 12-25H, Pershing, t7/18; cum 234K 1/20;
Now let's look at the newest production from several of these wells that were fracked back in 2018 but have been off line all of 2019.
  • 33108: typical Bakken decline; a great well, but unremarkable profile;
  • 33109: began as a nice well but declined quickly; 
  • 33110: a very good well; starts to decline slightly, then huge jump in September, 2019;
  • 33111: held high production for quite some time; remained on line since frack missing only a couple of months early on;
  • 33112: a huge well with 53K in July, 2018, and 45K in August, 2018; off line November and December, 2018, but then huge production for six months before typical Bakken decline;
  • 33113: like the others, fracked in 2018; never produced much; off line from October, 2018, to December, 2019, fifteen months; and then in January, 2020, 7K over nine days which extrapolates to 22K over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20209668766022930106599640944
BAKKEN12-20190000000
BAKKEN11-20190000000
BAKKEN10-20190000000
  • 33114: almost identical story as #33113:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202010788877871036118001160561802
BAKKEN12-20190000000
BAKKEN11-20190000000
  • 33115: almost identical story as #33113 and #22114:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2020111264112480678931820283833185
BAKKEN12-20190000000
BAKKEN11-20190000000
  • 33116: a very, very good well; production has remained good; there are suggestions that there may have been a workover on this well or neighboring well in late, 2019; production jumped (or at least did not decline) and remained at a high level September, 2019 - January, 2020:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202031876987671543939580353343934
BAKKEN12-2019319198925117538408682893911593
BAKKEN11-2019309752973416875378302514112377
BAKKEN10-201931131211307425217367812441012111
BAKKEN9-201914808779891437115832126013086
BAKKEN8-20190090000
BAKKEN7-2019254165878318991525355
BAKKEN6-20193013103131191232146423382507825
BAKKEN5-20193115255152821408663859558697617
  • 33117: huge well; typical Bakken production

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