Updates
July 24, 2022: upwards of a dozen CLR Whitman wells are being fracked.
Original Post
The CLR Whitman wells are tracked here.
This CLR Whitman well came off confidential list this last week:
- 38494, drl, CLR, Whitman FIU 7-34H1, Oakdale, no production data,
Other wells yet to be completed / updated:
- 38495, conf, permitted 8/18/21, CLR, Whitman FIU-8-34H, Oakdale,
- 38496, conf, permitted 8/18/21, CLR, Whitman FIU 9-34H2, Oakdale,
- 38497, conf, permitted 8/18/21, CLR, Whitman FIU 10-34H, Oakdale,
- 38613, conf, permitted 10/13/21, CLR, Whitman FIU 10-34H1, Oakdale, NWNW 34-147-96; 543 FNL and 301 FWL;
This Whitman well on that pad has just gone over one million bbls, full production at this post:
- 20212, 482 (1,008 reported on the sundry form), CLR, Whitman 3-34H, Oakdale, Three Forks first bench, API - 33-025-01261; t9/11; cum 181K 5/18; see production profile below; well, isn't this interesting -- yup, this well was fracked 9/23/17 - 10/5/17; 9.8 million gallons of water; 84% water; 15% sand; sundry form in file report: 61 stages; 14.5 million lbs sand; [Update: this well went off line 4/18 and came back on line 8/18; in 8/18 produced 4,731 bbls over 4 days which extrapolates to 35,000 bbls in one month]; interesting profile; see this post; cum 948K 6/21; cum 1,037,348 bbls 1/22.
Another well, of course, that disproves Hubbert's "peak oil" theory.
There are still a lot of 1280 units up in Burke and Divide Counties that only have the initial well, (I call it the nail-down well) lots more drillin' could be done... Maybe these $120+ prices will spur interest, once the sweet spot gets drilled out...
ReplyDeleteThe problem is lack of frack spreads.
DeleteInvestors want free cash flow, and operators are buying into that now. Free cash flow. In the old days, they would drill these wells knowing they could get the frack spreads to them within six to twelve months. And when oil prices were low, they were willing to wait two years, maximum allowed by the state.
Now, they are short frack spreads, and if one wants free cash flow it makes no sense to drill DUCs. A triple whammy if drilling a DUC now:
1) oil services are very, very expensive now due to inflation, supply shortages;
2) drill a DUC now, but one doesn't know the price of oil twelve to twenty-four months out when they finally get it completed;
3) investors not happy that money is being spent to drill a well but not completing it (no cash flow)
Once (if) they catch up with frack spreads we might see some of these Tier 2 and Tier 3 locations being drilled.
Even CLR can't get the frack spreads to complete their mega-pads. If CLR can't get frack spreads, imagine how hard it is for others.