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

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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):

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2020	30	63143	63436	28331	79258	17534	58061
BAKKEN	3-2020	30	61507	61382	41139	76504	13366	59572
BAKKEN	2-2020	14	44942	44330	27594	52692	3211	46936