Tuesday, July 7, 2020

The Whiting Lassey Wells: Again, Some Nice Wells Not Located In Tier 1 Bakken -- July 7, 2020

The Lassey wells:
  • 35001, 1,553, Whiting, Lassey 14-34H, Glass Bluff, t2/19; cum136K 5/20;
  • 35000, 1,637, Whiting, Lassey 44-33H, Glass Bluff, t2/19; cum 133K 5/20;

  • 23398, 673, Whiting, Lassey 152-103-22-15-1H, Glass Bluff, t10/12; cum 414K 5/20;

  • 23201, 1,029, Whiting, Lassey 152-103-27-34-1H, Glass Bluff, t11/12; cum 367K 5/20;
  • 35052, 2,376, Whiting, Lassey 21-22-2H, Glass Bluff, t10/19; cum 118K 5/20;
  • 35051, 2,184, Whiting, Lassey 21-22H, Glass Bluff, t10/19; cum 153K 5/20;
35051:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203115209153922540626540233413199
BAKKEN4-20203016549159652606916381152631111
BAKKEN3-20203116115162232618816302103465944
BAKKEN2-2020291552515540291731501581336868
BAKKEN1-20203118118183163303318328105927720
BAKKEN12-20193119957199923728315740473210993
BAKKEN11-2019261812717981387371098297161253
BAKKEN10-20193133665332038080658315590752382
BAKKEN9-20192006582000

35052:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-2020614441607374324732175298
BAKKEN4-20203094909518158291385912913940
BAKKEN3-20203113585137382200918208115556639
BAKKEN2-20202914547146302161419043103158711
BAKKEN1-20203118988192022706818086104527618
BAKKEN12-20193120322203273683418876567513183
BAKKEN11-20192819844196323880017993159182054
BAKKEN10-20191619338189043845819060193117120
BAKKEN9-201950012236000

23201:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20201815771455423011581018140
BAKKEN4-20202932893340496872796782494
BAKKEN3-202031353435485829596437852174
BAKKEN2-2020292906289266491371743627
BAKKEN1-2020312648263368651410815594
BAKKEN12-2019161028979355815604691090
BAKKEN11-20190000000
BAKKEN10-20190000000
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20190000000
BAKKEN4-201919189326214124295902905
BAKKEN3-201930241117766780290402820
BAKKEN2-2019942343723103040279

23398:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203129382944966220061764242
BAKKEN4-202030277826631092324742305168
BAKKEN3-202031254525671301019221220701
BAKKEN2-20202927582792134871660899759
BAKKEN1-2020314055403720192278016071171
BAKKEN12-201913786707501916114841125
BAKKEN11-20190000000
BAKKEN10-20190000000
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20190000000
BAKKEN4-201919231027335120259502538
BAKKEN3-201931326533279433318303093
BAKKEN2-20191181245735527720739

 35000:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20201932173441730632512779472
BAKKEN4-2020914121444339721922060119
BAKKEN3-2020284184408010225772463471324
BAKKEN2-20202842454389102121018768123326
BAKKEN1-20203161155926137201035666863617
BAKKEN12-2019234532491811270669114925162
BAKKEN11-20193064216305125981254112118367
BAKKEN10-2019318495813614580103839454874
BAKKEN9-20192253975700952336623361261
BAKKEN8-201931100771000116310103571025051
BAKKEN7-2019154359451092034414436820
BAKKEN6-20193011950119491979821178137617362
BAKKEN5-2019291739917677240521983719669117
BAKKEN4-2019302058320363327851798816933997
BAKKEN3-20192716981171353266713780125881146
BAKKEN2-2019117784707723460554543991128

35001:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203139784278804027152611104
BAKKEN4-2020273753361479672474237268
BAKKEN3-20203138253772790522111969184
BAKKEN2-20202936633574793319431619268
BAKKEN1-20203136783745843423891745584
BAKKEN12-20193131933099838122741611603
BAKKEN11-2019173121332461973634352582
BAKKEN10-201918506547641048950594612413
BAKKEN9-2019267687810499131117086752451
BAKKEN8-20193072956900136087826777310
BAKKEN7-20193099941056417090126771258051
BAKKEN6-20193013598134162007319995111108828
BAKKEN5-2019291529415585221951426813675541
BAKKEN4-2019301926519005298171613315458617
BAKKEN3-20192618899187843358414496125741874
BAKKEN2-20192013324129063218380247198792

The graphics:



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3 comments:

  1. JohnJuly 7, 2020 at 7:47 PM

    Thank you for the data, confirms first year production decline rate of ~75%. Understand that there is a lot of DUCs that are waiting to be completed, but rig count is at historic lows. Tough times for Bakken with the DAPL being shut down, will cost $5-10 a barrel to get the Bakken oil to refinery, raising the breakeven cost to produce oil. Will take 700-800 rail tanker per day to move 500,000 bbls/day.


    As per EIA data, ~8,000,000 barrels per day were being produced before the COVED problem. I'm guessing that average decline will be about 100,000 per week until the price is in the mid $50 per barrel. The only folks that will be making $$$s now are the lawyers handling the present and future bankruptcies.

    ReplyDelete
    Replies
    1. Bruce OksolJuly 7, 2020 at 9:47 PM

      Yes, I think it will be fascinating to watch. A lot of moving parts.

      Delete
    2. Bruce OksolJuly 8, 2020 at 10:29 AM

      Actually the decline rate is trending toward 100% month-over-month, May production vs April production, going from "whatever" to zero bbls of production.

      I've looked at May, 2020, production for hundreds of wells and almost every well, it seems, was taken off line in May, 2020. I think upwards of 80% of all wells I looked at were taken off line in May, 2020.

      Delete

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