There are several recurring memes regarding the Bakken, e.g.,
- the decline rate;
- daughter wells don't do as well as parent wells;
- high density infills are ruining the Bakken;
- running out of drilling sites;
- halo effect doesn't exist;
- rig counts matter (don't take that out of context);
- others.
It's all in the eyes of the beholder. For me, I'm inappropriately exuberant about the Bakken. It's always entertaining to find exceptions to the memes. Note: I didn't say the memes are not "accurate"; I'm simply saying they are commonly-repeated comments about the Bakken and I find it interesting to find / post exceptions. People with strong biases and inappropriate exuberance do things like that.
It's important to note that my perspective is from the small mom-and-pop mineral owner in North Dakota who often see this as simply a lottery and not particularly interested in investing in companies that are drilling or working in the Bakken.
Here's another example.
A long time ago I started tracking the Hess EN-Joyce wells for some reason. I've long forgotten why. I probably had no reason except that it was an "early" pad and I was curious to see how this would play out. Note: Joyce is a family name and that may have had some effect on why I followed the pad. The "family name" had nothing to do with these wells; it was simply a coincidence.
Hess was not known for great wells in the "early" Bakken boom but has certainly improved over time.
I track the Hess EN-Joyce wells here.
Note: I've never considered the Manitou oil field a particularly interesting or prolific field.
Either this area or these wells (or perhaps both) are going to be fascinating to watch over the next ten years. I think this one pad will address a lot of the memes noted above.
Two examples:The first well, the parent well: less than 100K after a decade but Hess is still coaxing it along.
- 17887,165, the parent well, off-line; never did well; will be interesting to see if it comes back on line; came back on line, 6/21; off line again, 8/21; 165, Hess, EN-Joyce-156-94-1720H-1, Manitou, t6/09; cum 95K 11/21; intermittent production; struggling;
Recent production:
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 11-2021 | 2 | 95 | 15 | 144 | 114 | 114 | 0 |
BAKKEN | 10-2021 | 0 | 0 | 22 | 0 | 0 | 0 | 0 |
BAKKEN | 9-2021 | 1 | 1 | 28 | 0 | 0 | 0 | 0 |
BAKKEN | 8-2021 | 7 | 499 | 499 | 944 | 546 | 510 | 36 |
BAKKEN | 7-2021 | 31 | 2481 | 2495 | 4228 | 2677 | 909 | 1768 |
BAKKEN | 6-2021 | 23 | 1342 | 1202 | 2434 | 1451 | 1451 | 0 |
BAKKEN | 5-2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Halo effect;
BAKKEN | 7-2021 | 31 | 2481 | 2495 | 4228 | 2677 | 909 | 1768 |
BAKKEN | 6-2021 | 23 | 1342 | 1202 | 2434 | 1451 | 1451 | 0 |
BAKKEN | 5-2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 4-2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 3-2021 | 0 | 0 | 7 | 0 | 0 | 0 | 0 |
BAKKEN | 2-2021 | 2 | 74 | 75 | 8 | 71 | 71 | 0 |
BAKKEN | 1-2021 | 2 | 111 | 103 | 14 | 108 | 108 | 0 |
BAKKEN | 12-2020 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
BAKKEN | 11-2020 | 1 | 31 | 29 | 1 | 2 | 2 | 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 | 7 | 0 | 0 | 0 | 0 |
BAKKEN | 7-2020 | 13 | 121 | 133 | 145 | 154 | 154 | 0 |
BAKKEN | 6-2020 | 29 | 340 | 347 | 282 | 441 | 441 | 0 |
BAKKEN | 5-2020 | 31 | 354 | 354 | 261 | 465 | 465 | 0 |
Initial production:
BAKKEN | 11-2009 | 30 | 1675 | 1750 | 607 | 1544 | 1544 | 0 |
BAKKEN | 10-2009 | 22 | 1441 | 1336 | 259 | 1343 | 1343 | 0 |
BAKKEN | 9-2009 | 18 | 1256 | 1305 | 876 | 1887 | 1887 | 0 |
BAKKEN | 8-2009 | 31 | 2735 | 2743 | 1561 | 4034 | 4034 | 0 |
BAKKEN | 7-2009 | 31 | 4541 | 4597 | 2483 | 6164 | 6164 | 0 |
BAKKEN | 6-2009 | 25 | 4332 | 4186 | 2698 | 6854 | 6222 | 632 |
BAKKEN | 5-2009 | 8 | 1721 | 1602 | 1557 | 1071 | 0 | 1071 |
The most recent well:
- 37978, conf-->drl/A, Hess, EN-Joyce-LE-156-94-1721H-5, Manitou, 33-061-04836, HUGE WELL, first production, 4/21; t--; cum 286K 8/21; fracked 4/1/21 - 4/8/21; 10,97 million gallons of water; 85.5% water by mass; note how fast that frack was -- seven days. With regard to the memes, did anyone expect this particular well to produce in excess of 63,000 bbls of oil in one month? That's almost more than what the parent well produced in ten years.
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 11-2021 | 6 | 2170 | 2212 | 4332 | 5654 | 5654 | 0 |
BAKKEN | 10-2021 | 11 | 5791 | 5829 | 6318 | 9568 | 9568 | 0 |
BAKKEN | 9-2021 | 30 | 20353 | 20346 | 19161 | 32419 | 32419 | 0 |
BAKKEN | 8-2021 | 31 | 19312 | 19396 | 22970 | 29133 | 28144 | 989 |
BAKKEN | 7-2021 | 27 | 29953 | 29954 | 30684 | 48117 | 45812 | 2305 |
BAKKEN | 6-2021 | 30 | 25835 | 26031 | 36691 | 43614 | 35283 | 8331 |
BAKKEN | 5-2021 | 31 | 63335 | 63032 | 105944 | 116662 | 102218 | 14444 |
BAKKEN | 4-2021 | 2 | 5326 | 5259 | 5288 | 832 | 776 | 56 |
And we move on.
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