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This is a microcosm of the Bakken, and why rigs don't matter (don't take that out of context) and how Hubbert's theory does not apply.
XTO has two 5-well Admundson pads in Siverston oil field.
Recently several of the Admundson wells were taken off line for no apparent operational reason except apparently for "managing assets" during a period of very low oil prices.
Except for one Admundson well, all the Admundson wells have returned to production. No rigs were needed; no fracking was required; XTO simply brought the wells back on line.
In many cases, production doubled that production just before the well was taken off line. Rig counts did not matter. Frack spreads did not matter. But this was happening across the Bakken, affecting tens of thousands of Bakken wells.
And it should be noted, we're not seeing many DUCs being reported completed on the daily activity reports.
Here are the Admundson wells; production data has been updated:
First 5-well pad:
- 29074, 1,400, XTO, Amundson 34X-22A, Siverston, t7/15; cum 249K 1/21;
- 29058, 1,728, XTO, Amundson 34X-22B, Siverston, t6/15; cum 233K 1/21;
- 29060, 1,933, XTO, Amundson 34X-22C, Siverston, t7/15; cum 222K 1/21;
- 29057, 1,973, XTO, Amundson 34X-22E, Siverston, t71/5; cum 150K 1/21;
- 29059, 1,849, XTO, Amundson 34X-33F, Siverston, t7/15; cum 142K 1/21;
- 21602, IA/732, XTO, Amundson 44-22NWH, 16 stages, 182K lbs of proppant, t6/12; cum 144K 1/20; remains off line 6/20;
- 30752, 1,266, XTO, Amundson 44X-22CXD, t2/16; cum 204K 1/21;
- 30751, 912, XTO, Amundson 44X-22H, t2/16; cum 174K 1/21; remains off line 7/20; back on line 1/21;
- 30750, 1,656, XTO, Amundso 44X-22D, t2/16; cum 212K 1/21; remains off line 7/20; back on line 10/20;
- 30749, 1,873, XTO, Amundson 44X-22HXE, t2/16; cum 194K 1/21; was taken off line 9/20; back on line 1/21;
Let's look at the production data for the past few months:
29074:
- off line for 5 months
- production jumped from 1800 bbls to 2700 bbls when returned to production:
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 1-2021 | 31 | 2698 | 2884 | 1004 | 5601 | 5557 | 0 |
BAKKEN | 12-2020 | 16 | 2058 | 1686 | 607 | 3578 | 3539 | 0 |
BAKKEN | 11-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 10-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 9-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 8-2020 | 0 | 0 | 130 | 0 | 0 | 0 | 0 |
BAKKEN | 7-2020 | 27 | 1379 | 1579 | 737 | 4633 | 4604 | 0 |
BAKKEN | 6-2020 | 30 | 1787 | 1637 | 903 | 6234 | 6198 | 0 |
BAKKEN | 5-2020 | 31 | 1855 | 1818 | 975 | 6576 | 6542 | 0 |
29058:
- not taken off line recently;
29060:
- not taken off line recently;
29057:
- not taken off line recently;
29059:
- off line for 5 months:
- production doubled, from 1121 bbls to 2142 bbls:
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 1-2021 | 31 | 2142 | 2127 | 1527 | 4226 | 4193 | 0 |
BAKKEN | 12-2020 | 12 | 734 | 601 | 74 | 464 | 459 | 0 |
BAKKEN | 11-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 10-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 9-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 8-2020 | 0 | 0 | 79 | 0 | 0 | 0 | 0 |
BAKKEN | 7-2020 | 23 | 841 | 969 | 600 | 2313 | 2299 | 0 |
BAKKEN | 6-2020 | 30 | 1121 | 1035 | 879 | 3286 | 3267 | 0 |
21602: the only Admundson well that remains off line.
30752:
- off line for 4 months:
- production up slightly when it was returned to production:
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 1-2021 | 24 | 1683 | 1567 | 1196 | 2913 | 2890 | 0 |
BAKKEN | 12-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 11-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 10-2020 | 0 | 0 | 45 | 0 | 0 | 0 | 0 |
BAKKEN | 9-2020 | 6 | 327 | 510 | 228 | 926 | 916 | 0 |
BAKKEN | 8-2020 | 31 | 1714 | 1638 | 1489 | 5068 | 5028 | 0 |
30751:
- off line for 9 months
- production jumped from 1252 bbls over 23 days to 2638 bbls over 22 days;
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 1-2021 | 22 | 2638 | 2456 | 2805 | 5794 | 5748 | 0 |
BAKKEN | 12-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 11-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 10-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 9-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 8-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 7-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 6-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 5-2020 | 0 | 0 | 91 | 0 | 0 | 0 | 0 |
BAKKEN | 4-2020 | 23 | 1252 | 1276 | 2200 | 7882 | 7854 | 0 |
30750:
- off line for 4.5 months
- production went from 2000 bbls to 4000 bbls when it returned to production:
BAKKEN | 10-2020 | 31 | 3870 | 3347 | 3466 | 10253 | 10120 | 0 |
BAKKEN | 9-2020 | 1 | 104 | 90 | 88 | 329 | 325 | 0 |
BAKKEN | 8-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 7-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 6-2020 | 0 | 0 | 45 | 0 | 0 | 0 | 0 |
BAKKEN | 5-2020 | 13 | 464 | 567 | 572 | 3391 | 3374 | 0 |
BAKKEN | 4-2020 | 30 | 2040 | 2036 | 2111 | 12908 | 12862 | 0 |
30749:
- off line for 4 months
- production doubled from 859 bbls over 17 days to 1368 bbls over 19 days:
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 1-2021 | 19 | 1368 | 1274 | 1676 | 2593 | 2572 | 0 |
BAKKEN | 12-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 11-2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 10-2020 | 0 | 0 | 118 | 0 | 0 | 0 | 0 |
BAKKEN | 9-2020 | 17 | 859 | 955 | 854 | 3631 | 3590 | 0 |
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