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~

    ReplyDelete
    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 !!!

    ReplyDelete
    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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