Wednesday, March 18, 2020

How Fast Will They Lay Down Rigs In The Bakken? -- Baseline: 55 -- March 18, 2020

Active rigs:


3/18/202003/18/201903/18/201803/18/201703/18/2016
Active Rigs5565584732

Four new permits, #37452 - #37455, inclusive --
  • Operator: Hess
  • Field: Little Knife (Dunn)
  • Comments: 
    • Hess has permits for a four-well LK-Hamilton pad in lot 4, section 2-145-97, Little Knife oil field
One permit approved for re-entry:
  • 17256, 430, MRO, Reiss Ranch 24-10H, Killdeer, t7/08; cum 2279K 3/20; off line 3/19; remains off line 4/20; see below;
Two permits renewed:
  • XTO: two Frisinger permits in Williams County.
Three producing wells (DUCs) reported as completed:
  • 35656, A/SI, CLR, Boise 4-24HSL, 33-053-085032, Brooklyn, t--; cum 11K over 16 days; fracked 1/10/20 - 1/26/20; 8.7 million gallons of water; 87.8% water by mass; friction reducer, 1.0005; the "norm" runs about 0.05 - 0.06; cum 85K 4/20;
  • 34851, A/SI, CLR, Pittsburgh 8-18H, 33-053-08510, Banks, t--; cum 51K over 31 days; fracked 6/3/19 - 6/21/19; 11.1 million gallons of water; 88.7% water by mass; friction reducer, 0.05966; cum 144K 4/20;
  • 34850, A/SI, CLR, Pittsburgh 7-18H1, 33-053-08509, Banks, t--; cum 28K over 31 days;  fracked 6/3/19 - 6/21/19; 9.7 million gallons of water; 89.4% water by mass; friction reducer, 0.05923; cum 101K 4/20;
**********************************
Approved For Re-Entry

The well:
  • 17256, 430, MRO, Reiss Ranch 24-10H, Killdeer, t7/08; cum 228K 3/20; off line 3/20; remains off line 4/20;
Recent production profile:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2020319449481528830639
BAKKEN12-20193110149601609350686
BAKKEN11-2019288648632208010586
BAKKEN10-2019319749521469130668
BAKKEN9-2019309609191478710632
BAKKEN8-2019319861068204902296359
BAKKEN7-20193110831085226972132587
BAKKEN6-20193011291067301992132610
BAKKEN5-201916628599591551308116
BAKKEN4-20190000000
BAKKEN3-20190000000
BAKKEN2-20190000000
BAKKEN1-20190000000
BAKKEN12-20180000000
BAKKEN11-20181100101
BAKKEN10-20184658611103840
BAKKEN9-20183085386013879453427

From the file report:
  • Bailey field stated in the operator's paperwork; turned out to be in Killdeer oil field just one mile to the west of Bailey;
  • part of MRO's Hector Prospect in the Williston Basin 
  • target: middle Bakken
  • dirt-work date on the permit request: March 1, 2020;
  • two laterals already drilled
  • lateral 2, TD TVD: 10,780 feet
  • lateral 1: 20,225 feet MD; open hole;
  • lateral 2: 20,530 feet MD; perforation;
  • proposed work: 
    • MRO is planning to refrack this well
    • Originally an open hole completion in 2008 and drilled when toe setbacks were 500' from the respective line. 
    • This well had an original TD depth of 20,225' MD (at approx 607' FNL of section 3). MRO plans to put a drilling rig on this well, clean out the existing lateral to TD, and extend/sidetrack the lateral at the last good survey on original lateral at a depth (approx 175' FNL of section 3). 
    • MRO will then run a cemented liner for a 45-stage plug and perf style completion, completing the well when other future drilled offset new wells to the west are schedule to be fracked in August, 2020
I assume these are the "new" wells being referred to:
  • 37159, drl, MRO, Gustav 44-9TFH, Killdeer,
  • 37158, ROS, MRO, Gunvaldson 44-9H, Killdeer,
  • 37157, drl, MRO, Helset 41-16H, Killdeer,
  • 37156, drl, MRO, Lowry 44-9TFH, Killdeer,
  • 37315, drl, MRO, Gunter 11-15TFH, Killdeer,

4 comments:

  1. Please don't re-frack any well that we may have an interest in at this point. That stuff has been underground for, Lord only knows how many, years; don't want it out at these prices~ As always, Time Will Tell.
    Better days are coming, of that I'm certain. Keep The Faith~

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    Replies
    1. Yes, it's truly sad that these incredible wells are producing crude oil that is selling for $20 on the spot market.

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  2. I was surprised to see Crescent point stand up a 3RD drilling unit. They have always been at two and a while back ZERO. Even at $25, we are blessed with what has been provided.. I thought Grampa was nuts farming that Rocky prairie land. They even sold the rock piles !!!

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    Replies
    1. We are truly blessed. Truly remarkable what our grandparents, and in my case, my parents accomplished in a pretty austere environment.

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