Saturday, June 5, 2021

Why The Bakken Excites Me -- Hubbert: Once A Well Starts To Decline, It Won't Reverse -- June 5, 2021

Another example of what makes the Bakken so exciting for me.

This well is tracked here.

  • 20111, 718, Zavanna, Wildcat 1-11H, Stony Creek, short lateral, 20 stages, 2.3 million lbs, t8/11; cum 319K 5/20; remains off line 1/21; back on line 4/21; produces small amount over five days, 3/21; cum 322K 4/21;

As noted above, this well was taken off line at the end of May, 2020. It remained off line for almost a full ten months, coming back on line for five days in March, 2021, and then for a full 30 days in April, 2021. 

A lot of mom-and-pop mineral owners would have been disappointed to see this well coming off line almost a year ago, but imagine how excited they must be to see it coming back on line. And it looks like it will be a pretty good well after it comes back on line. Recent production:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-202130237421453207000
BAKKEN3-2021537431962048535951
BAKKEN2-20210000000
BAKKEN1-20210000000
BAKKEN12-20200000000
BAKKEN11-20200000000
BAKKEN10-20200000000
BAKKEN9-20200000000
BAKKEN8-20200000000
BAKKEN7-20200000000
BAKKEN6-20200000000
BAKKEN5-20202983181914261560111414
BAKKEN4-2020301443139816161683114591
BAKKEN3-20203011771165163019521123382

4 comments:

  1. Million dollar question is- in shale how many times can you do that (refrak)?
    If the answer is more than once, the future bodes well for the Bakken.

    ReplyDelete
    Replies
    1. The first thing that needs to be done: re-frack 10,000 wells that were fracked using old completion techniques during the early days of the Bakken boom.

      In 2008, there were about 3,600 producing wells in North Dakota; in 2014, there were about 10,000 producing wells. That delta, about 6,000 wells were likely to be 90% Bakken wells using old completion strategies. Many will be in areas where operators may not want to re-frack for awhile for various reasons, but that still leaves upwards of 3,000 wells that need re-fracking just to get started.

      As far as how many times a well can be re-fracked, hard to say. I assume there are technical challenges with repeated re-fracks. Years ago, EOG said it would be cheaper to simply re-drill a new well and fracking that new well rather than re-fracking an old well.

      In this case, the tea leaves don't help me answer your question. Sorry.

      Delete
  2. Hypothetical question, mostly. I agree that every one of the original horizontal Bakken wells should be refracked,where/when reasonable.
    Sounds like an entire new job market. As long as price point is viable of course

    ReplyDelete
    Replies
    1. A better way of thinking about it: all locations drilled during the first years of the boom need to be re-fracked. Whether they re-frack through the existing well or drilling a new well in same location and fracking the new well drilled in the same location (Mark Papa's suggestion a decade (?) ago.

      Delete