Sunday, March 20, 2022

Comment And Commentary On Wells Coming Off Confidential List This Next Week -- March 20, 2022

Re-posting the production data for wells coming off the confidential list this next week with comments and commentary. These observations are snapshots in time and do not reflect the future.

  • most important observation: we're starting to see production data for wells coming off the confidential list; up until now, upwards of 90% of wells coming off the confidential list were DUCs; only CLR was consistently completing wells by the time they were coming off confidential list
  • having said that CLR was unable to complete the four Brooklyn wells coming off the confidential list this week, suggesting a frack-spread problem (which is not news)
  • CLR has typically had mediocre wells in the Bakken; nice wells but nothing about which to write home; that seems to be changing; look at the initial production data in their Long Creek Unit; and remember, CLR has 64 locations in the Long Creek Unit which it is methodically drilling out with one or two rigs;
  • Hess has really upped their game; in the early days of the Bakken, Hess had less-than-remarkable wells, but lately, the past year or so, the Hess wells were greatly improved, and this does not appear to be related to location
  • Petroshale is getting active: unless we see better numbers when these wells come off confidential list, these Bear Den wells that will be reported next week are disappointing; we'll need to see the frack data
  • the MRO well in Werner oil field was a disappointment as was the Enerplus well in Heart Butte.

The wells:

  • 38295, conf,  CLR, Rolf Federal 11-17HSL, Brooklyn, no production data,
  • 37711, conf, Hess, EN-Johnson A-155-94-2932H-9, Alkali Creek,
DateOil RunsMCF Sold
1-20221713035459
12-20212280933021
11-20213842158066
10-20215053050721
9-202165408625
  • 36893, conf, Petroshale, Crockett Federal 1TFH, Bear Den,
DateOil RunsMCF Sold
1-2022125520
  • 38296, conf, CLR, Rolf Federal 10-17H1, Brooklyn, no production data, 
  • 37706, conf, Hess, EN-Johnson-155-94-2017H-8, Manitou,
DateOil RunsMCF Sold
1-20221114715772
12-20211320120248
11-20211702832836
10-20213075852509
9-2021380712984
  • 36894, conf, Petroshale, Boone Federal 1MBH, Bear Den,
DateOil RunsMCF Sold
1-202254720
12-202116640
  • 36889, conf, Petroshale, Clark Federal 2TFH, Bear Den,
DateOil RunsMCF Sold
1-202267410
12-202142820
  • 38297, conf, CLR, Rolf Federal 9-17H, Brooklyn, no production data, 
  • 36890, conf, Petroshale, Lewis Federal 2MBH, Bear Den,
DateOil RunsMCF Sold
1-202245460
12-202142050
  • 38298, conf, CLR, Rolf Federal 8-17H1, Brooklyn, no production data, 
  • 38299, conf, CLR, Rolf Federal 7-17H, Brooklyn, no production data,
  •  38213, conf, MRO, Katherine Schettler USA 34-22H, Werner,
DateOil RunsMCF Sold
1-202293734997
12-2021106354272
11-2021134366174
10-2021161896860
9-2021100102883
  • 37710, conf, Hess, EN-Johnson A-155-94-2932H-8, Alkali Creek,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20223116990169981763424567228851682
BAKKEN12-20212717140171572011123600223901210
BAKKEN11-20213024000240402841332585312841301
BAKKEN10-20213143677436966546136411352941117
BAKKEN9-2021181377313646183332378322805978
  • 36865, conf, CLR, LCU Truman 10-23H1, Long Creek,
DateOil RunsMCF Sold
1-20225104076756
12-20212677742919
9-20213080
  • 36867, conf, CLR, LCU Truman 11-23H, Long Creek,
DateOil RunsMCF Sold
1-20224344465296
12-20212729937341
9-20212260
  • 34068, conf, Enerplus, Spider 149-92-23D-29H-TF1, Heart Butte,
DateOil RunsMCF Sold
1-202262733229
12-202171033657
11-2021144338769
10-2021157949884
9-202141042330

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