Monday, January 4, 2021

MRO Reports A Great Stillwell Well In Lost Bridge -- 215K Bbls Crude Oil In Three Months -- The DC2-K-L-S Pad -- January 4, 2021

Five wells on this pad bear watching; some run north; some run south.

The wells:

  • 21839, conf, MRO, Kottke USA 11-13H, Lost Bridge,
  • 21837, 1,398, MRO, Deep Creek USA USA 14-12TFH, Lost Bridge, t3/13; cum 358K 10/21;
  • 21838, conf, MRO, Levi USA 11-13TFH, Lost Bridge,
  • 32434, 4,679, MRO, Stillwell 21-13H, Lost Bridge, t9/20; cum 420K 10/21;
  • 21840, 1,380, MRO, Deep Creek USA USA 21-13TFH, Lost Bridge, t2/13; cum 389K 10/21; looks like a moderately interesting halo effect;

Graphics:



Original Note

I can't recall if I posted it, but I know I was thinking it: the Lost Bridge oil field would eventually turn out to be seen as a good field. It's smack dab in the middle of several other great fields. 

Although not updated in a long time, the Lost Bridge oil field is tracked here.  [Note: I would love to opine about this, but a) I need to move on; and, b), as noted earlier, I often get ahead of my headlights resulting in pushback from folks smarter than I; I have a thin skin, so I will hold my thoughts and not get ahead of my headlights.)

A huge "thank you" to a reader who alerted me to this well.

Again, MRO. 

MRO is on a roll. This is really quite incredible. Maybe more on this later, but for now, the well:

  • 32434, drl/NC-->4,679, MRO, Stillwell 21-13H, 33-025-03101, Lost Bridge, first production, 8/20; t--; cum 215K 9/20; fracked, 8/19/20 - 8/25/20; 7.9 million gallons of water; 81.2% fresh water by mass; 6.4% produced water by mass; production; note 90K in first full month of production; 215K in three months. Early in the boom, EURs of 300K were the expected; 403K 8/21; F;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20203053105529831664986043817341019
BAKKEN10-20203064940650212053985430784563024
BAKKEN9-2020309038989900506361199941131421506
BAKKEN8-20204635558564005810063581121

It appears that an older, producing well, #21840, on the same pad shows a subtle jump in production. Most may disagree with me, but it looks like a small jump occurred in that older well about the time the Stillwell well was fracked, but again, just my biased observation. I can't say for sure, but I believe the Stillwell is a middle Bakken well whereas #21840 is a Three Forks well. Again, I may be mistaken.

That well:

  • 21840, 1,380, MRO, Deep Creek 21-13TFH, Lost Bridge, t2/13; cum 378K 8/21;
Let's see:
  • 250K x $20/bbl = $5 million.

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