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Monday, June 8, 2020

Why Saudi Arabia Will Lose The Next Price War; MRO Reports A Monster Well - 170K In Less Than 3 Months -- June 8, 2020 -- NRFPT

NRFPT: not ready for prime time.

Link here.


I'll archive this article. Archived here.

The writer provides a great argument why Saudi Arabia will lose the next price war (I would argue, it already lost the first two price wars).

But this one well is another reason why Saudi Arabia will lose the next price war.

The well:
  • 36660, drl/drl, MRO, Shortall USA 14-9H, Reunion Bay, t--; cum 170K in 2.5 months: fracked 1/21/2020 - 1/31/2020; 7.062 million gallons of water (a moderate-size frack); 88.63% water by mass; friction reducer broken out by mass % but I don't understand the breakout; 2560-acre spacing; middle Bakken;
Production (45K bbls in 14 days extrapolates to 96K bbls in 30 days):
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-202030631436343628331792581753458061
BAKKEN3-202030615076138241139765041336659572
BAKKEN2-20201444942443302759452692321146936

3 comments:

  1. The average well quality has been flat since 2017. Don't look at individual wells and mislead yourself with your own posts. Look at the statistics.

    ReplyDelete
    Replies
    1. https://themilliondollarway.blogspot.com/2020/06/random-update-of-north-dakota-monthly.html.

      Delete

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