Re-Posting Two Deeper Wells Released By CLR -- March 12, 2021

As an investment, I have no idea whether one would recommend CLR or not. It matters not to me. I have no dog in that fight. What impresses me is how CLR keeps pushing the envelope, and the revenue stream that Harold Hamm is building for himself. Where the H1 and H2 are present and economic, the H1 and H2 density will equal that of the middle Bakken.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

Re-posting: these are first bench and second bench wells.

Rystad:

• in 2019: estimated 8 years left of drilling in the Bakken
• 2020: estimates 15 years of drilling in the Bakken; comparable to other US basins, except for 25 years in the Permian (considering federal ban on much of the Permian, that makes sense)

Friday, February 12, 2021: 7 for the month, 40 for the quarter, 40 for the year.

• 36475, F/A, CLR, Jack 5-4H1, Murphy Creek, first production, 8/20; t--; cum 74K 1/21;
  

Wednesday, February 10, 2021: 6 for the month, 39 for the quarter, 39 for the year.

• 36732, F/A, CLR, Vardon 8-14H2, Siverston, first production, 8/20; t--; cum 113K 1/21;
  

The CLR Vardon wells are tracked here.  The Vardon well released earlier this week:

• 36732, F/A, CLR, Vardon 8-14H2, 33-053-09152, Siverston, first production, 8/20; t--; cum 113K 1/21; fracked 1/6/20 - 1/23/20; 10.5 million gallons of water; 89.3% water by mass; target: second bench target zone located between the Internal 1 and the Internal 2 shale. 28,734 over 22 days extrapolates to 39,183 bbls over 30 days:
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2021	31	13416	13428	10664	29771	29205	299
BAKKEN	12-2020	31	18445	18494	13022	38767	38007	512
BAKKEN	11-2020	30	16889	16837	14108	35937	34581	1116
BAKKEN	10-2020	31	16741	16724	16718	36361	35655	571
BAKKEN	9-2020	30	19063	19213	17874	35764	34829	809
BAKKEN	8-2020	22	28734	28491	18956	37160	32001	5159

• 36475, F/A, CLR, Jack 5-4H1, Murphy Creek, first production, 8/20; t--; cum 74K 1/21;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2021	31	13513	13412	23400	9977	9570	0
BAKKEN	12-2020	17	6302	6358	13777	3392	3189	0
BAKKEN	11-2020	30	14127	14266	27737	8561	7301	868
BAKKEN	10-2020	25	7732	7712	17478	5264	4467	486
BAKKEN	9-2020	30	17916	17859	37582	11948	11276	279
BAKKEN	8-2020	19	14423	13994	27636	9380	9278	102

CLR's Jack wells are tracked here. 

Previously posted, February 12, 2021:

• 36475, F/A, CLR, Jack 5-4H1, Murphy Creek, first production, 8/20; t--; cum 61K 12/20; fracked 2/11/20 - 2/20/20; 7.9 million gallons of water; 88% water by mass; compared to others, a lousy geology report:
  

• target: early Devonian Three Forks B1
• spud: 0130, October 6, 2019
• reached KOP: 1118, October 9, 2019
• lateral
• begun: 1930 hours, November 15, 2019,
• gas:ranged from 8- 8,361 units
• gas buster; flare: averaged 10 - 25' gas flare
• two hot zones
• Upper Marker (TF MRK1): 15' into the Three Forks
• second hot zone: ~ 20' into the Three Forks