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